NEWS RELEASE TRANSMITTED BY Marketwired
FOR: Wi-LAN Inc.
TSX SYMBOL: WIN
NASDAQ SYMBOL: WILN
JULY 7, 2014
WiLAN and Nokia Networks Sign License Agreement
OTTAWA, CANADA--(Marketwired - July 7, 2014) - Wi-LAN Inc. ("WiLAN"
or the "Company") (TSX:WIN)(NASDAQ:WILN) today announced that WiLAN
and Nokia Networks have signed a patent license agreement pursuant to which
Nokia Networks receives a multi-year license to a broad portfolio of wireless
patents used in a range of wireless infrastructure products offered by Nokia
WiLAN first signed a patent license agreement with Nokia Corporation in
December 2006 related to WiLAN's then current patent portfolio. The
patents licensed under this new agreement with Nokia Networks include patents
related to CDMA, WCDMA, GSM, HSPA and 4G/LTE technologies.
Under a separate patent acquisition agreement between the parties also
announced today, WiLAN will acquire from Nokia Networks a portfolio of patents
with worldwide coverage related to various current and future wireless handset
and infrastructure technologies. All other terms and conditions of the license
and acquisition agreements are confidential.
"We are very pleased to have negotiated this license with Nokia
Networks," said Jim Skippen, President & CEO. "It underscores the
value of the technologies that we have added to our portfolio of wireless
Skippen added, "Nokia has been at the forefront of the development and
commercialization of wireless communication technology for decades. The
acquired patents will add significant value to our wireless portfolio and we
believe will aid in the signing of future licenses."
WiLAN, founded in 1992, is a leading technology innovation and licensing
company. WiLAN has licensed its intellectual property to over 280 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. 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
"multi-year license", "will acquire", "will add
significant value", "we believe will aid in the signing of future
licenses" 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,
expected future developments and the expected effects of new business
strategies, 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 February 3,
2014 annual information form for the year ended December 31, 2013 (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
FOR FURTHER INFORMATION PLEASE CONTACT:
Director, Investor Relations
INDUSTRY: Telecom - Networking, Telecom - Telecommunication Equipment, Telecom
- Telecommunication Services, Telecom - Wireless/Mobile
-0- Jul/07/2014 10:30 GMT
Press spacebar to pause and continue. Press esc to stop.