WiLAN and InfoSonics Sign Wireless License
OTTAWA, CANADA -- (Marketwired) -- 11/25/13 -- Wi-LAN Inc. ("WiLAN"
or the "Company") (TSX:WIN) (NASDAQ:WILN) today announced that
InfoSonics Corporation ("InfoSonics") has signed a five-year running
royalty license to WiLAN's wireless patent portfolio including HSPA
and WCDMA-related technologies. All other terms of the license
agreement are confidential.
"We are very pleased that InfoSonics entered good faith negotiations
to reach a fair and reasonable license agreement," said Andrew
Parolin, Senior Vice-President, Business Unit Leader. "This license
and recent agreements with Alcatel-Lucent, HTC and others,
demonstrate the value that industry continues to recognize in our 3G
and broader wireless technology portfolio."
InfoSonics, headquartered in San Diego, California and founded in
1994, is the parent company of several subsidiaries dedicated to the
design, development, manufacturing, sale and distribution of the
company's proprietary line of wireless handsets and other wireless
solutions under the verykool(R) brand. More information on InfoSonics
can be found at www.infosonics.com.
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.
All trademarks and brands mentioned in this release are the property
of their respective owners.
Director, Investor Relations
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