WiLAN and Nokia Networks Sign License Agreement
OTTAWA, CANADA -- (Marketwired) -- 07/07/14 -- 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 Networks.
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
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
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
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 respective owners.
Director, Investor Relations
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