WiLAN Subsidiary Enters License Agreement with Turbine
OTTAWA, CANADA -- (Marketwired) -- 11/21/13 -- Wi-LAN Inc. ("WiLAN"
or the "Company") (TSX:WIN)(NASDAQ:WILN) announced that its Treehouse
Avatar Technologies. Inc. ("Treehouse") subsidiary has entered into a
license agreement with Turbine, Inc. ("Turbine") related to avatar
technology. As a result of this agreement, pending litigation between
Treehouse and Turbine will be dismissed.
Treehouse was established to license certain patent assets of a
corporation founded by the inventors of this technology. A share of
the licensing revenue generated will be paid to the inventors'
corporation. WiLAN's Gladios division is responsible for day-to-day
management and execution of the licensing partnership program.
The terms of all agreements are confidential.
WiLAN, founded in 1992, is a leading technology innovation and
licensing company. WiLAN has licensed its intellectual property to
over 275 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.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.
For media and investor inquiries, please contact:
Director, Investor Relations
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