WiLAN Enters into License and Settlement Agreement with Novatel Wireless
OTTAWA, CANADA -- (Marketwired) -- 10/15/13 -- Wi-LAN Inc. ("WiLAN"
or the "Company") (TSX:WIN) (NASDAQ:WILN) today announced that WiLAN
and Novatel Wireless, Inc. ("Novatel Wireless") have entered into a
patent license agreement and settled all pending patent litigation.
Under the license agreement, Novatel Wireless has been granted a
license related to certain WiLAN patents. As a result, all litigation
between the companies in Texas will be dismissed with prejudice.
Specific financial terms of the agreement reached are confidential.
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 be" 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.c
om 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.
For media and investor inquiries, please contact:
Director, Investor Relations
Press spacebar to pause and continue. Press esc to stop.