WiLAN and HTC Reach Agreement to End Litigations
OTTAWA, CANADA -- (Marketwired) -- 09/18/13 -- Wi-LAN Inc. ("WiLAN"
or the "Company") (TSX:WIN) (NASD:WILN) today announced that HTC
Corporation ("HTC") and WiLAN have signed a binding memorandum of
understanding in which HTC has agreed to enter into a multi-year
license to certain WiLAN patents for mobile handsets and tablets sold
within the United States. As part of the agreement, all five of the
pending litigations between HTC and WiLAN will be resolved.
WiLAN expects a definitive agreement to be executed by the end of
October 2013. Specific financial terms of the agreement reached are
"We are pleased to have reached this agreement with HTC," said Jim
Skippen, President & CEO. "In taking its first license, HTC will join
many other handset makers, including Samsung, LG, and Motorola, who
recognized the value of the many wireless inventions in our patent
WiLAN, founded in 1992, is a leading technology innovation and
licensing company. WiLAN has licensed its intellectual property to
over 270 companies worldwide. Inventions in our portfolio have been
licensed by companies that manufacture or sell a wide range of
communication and consumer electronics products including 3G and 4G
handsets, Wi-Fi-enabled laptops, Wi-Fi and broadband routers, xDSL
infrastructure equipment, cellular base stations and digital TV
receivers. WiLAN has a large and growing portfolio of more than 3,000
issued or pending patents. For more information: www.wilan.com.
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. The phrases "will take", "expects", "to
be", "will join" and similar terms and phrases are intended to
identify these forward-looking statements. Forward-looking statements
and forward-looking information are based on estimates and
assumptions made by WiLAN in light of its experience and its
perception of historical trends, current conditions and expected
future developments, as well as other factors that WiLAN believes are
appropriate in the circumstances. Many factors could cause WiLAN'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 WiLAN's March 7, 2013 annual
information form for the year ended December 31, 2012 (the "AIF").
Copies of the AIF may be obtained at www.sedar.com or www.sec.gov.
WiLAN recommends that readers review and consider all of these risk
factors and notes that readers should not place undue reliance on any
of WiLAN's forward-looking statements. WiLAN 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.
Director, Investor Relations
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