OTTAWA, June 13, 2017 /CNW/ - Quarterhill Inc.
("Quarterhill") (TSX, NASD:QTRH) today announced that its
wholly-owned subsidiary Wi-LAN Inc. ("WiLAN") has entered into a
patent license agreement with Amazon.com Inc.
The license resolves litigation pending in Germany. The
consideration paid to WiLAN and all other terms of the license
agreement are confidential.
About WiLAN
WiLAN is one of the most successful patent licensing companies
in the world and helps companies unlock the value of intellectual
property by managing and licensing their patent portfolios.
The company operates in a variety of markets including automotive,
digital television, Internet, medical, semiconductor and wireless
communication technologies. For more information:
www.wilan.com.
About Quarterhill
Quarterhill is a diversified investment holding company focused
on growing its business by acquiring technology companies in the
Industrial Internet of Things ("IIoT") segment across multiple
verticals. Quarterhill targets companies with a broad range of
products and services that capture, analyze and interpret data, and
that have strong financial performance, excellent management teams,
strong intellectual property underpinnings and significant
opportunities to develop long-term recurring and growing revenue
streams. Quarterhill is listed on the TSX and NASDAQ under the
symbol QTRH. For more information: www.quarterhill.com.
Forward-looking Information
This news release contains
forward-looking statements and forward-looking information within
the meaning of the U.S. Private Securities Litigation Reform Act of
1995 and other United States and
Canadian securities laws. Forward-looking statements and
forward-looking information are based on estimates and assumptions
made by Quarterhill in light of its experience and its perception
of historical trends, current conditions, expected future
developments and the expected effects of new business strategies,
as well as other factors that Quarterhill believes are appropriate
in the circumstances. Many factors could cause Quarterhill's actual
performance or achievements to differ materially from those
expressed or implied by the forward-looking statements or
forward-looking information. Such factors include, without
limitation, the risks described in Wi-LAN Inc.'s February 10, 2017 annual information form for the
year ended December 31, 2016 (the
"AIF"). Copies of the AIF may be obtained at www.sedar.com or
www.sec.gov. Quarterhill recommends that readers review and
consider all of these risk factors and notes that readers should
not place undue reliance on any of Quarterhill's forward-looking
statements. Quarterhill has no intention, and undertakes no
obligation, to update or revise any forward-looking statements or
forward-looking information, whether as a result of new
information, future events or otherwise, except as required by
law.
All trademarks and brands mentioned in this release are the
property of their respective owners.
SOURCE Quarterhill Inc.