NEWS RELEASE TRANSMITTED BY Marketwired
FOR: Wi-LAN Inc.
TSX SYMBOL: WIN
NASDAQ SYMBOL: WILN
JULY 8, 2014
WiLAN Acquires Patents from an Industry Leading Memory Company
OTTAWA, CANADA--(Marketwired - July 8, 2014) - Wi-LAN Inc. ("WiLAN"
or the "Company") (TSX:WIN)(NASDAQ:WILN) today announced that one of
its subsidiaries has entered into an agreement with a global leader in
non-volatile memory to acquire a portfolio of related patents used widely in
electronic devices. Ownership of the patents has been transferred to a WiLAN
subsidiary, which now has the exclusive right to license the acquired patents.
"We are very excited to have entered into an agreement with a global
leader in non-volatile memory. We believe this portfolio contains many valuable
patents covering various aspects of non-volatile memory and are optimistic that
licensing this acquired portfolio will become an important contributor to the
growth of our business," said Jim Skippen, President & CEO. "An
increasing number of technology companies are selecting WiLAN as their
licensing partner. We will continue to grow our base of future revenues by
adding patent portfolios in new technology areas and markets."
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
"to acquire", "we believe", "are optimistic",
"will become an important contributor", "we will continue to
grow", "by adding patent portfolios" 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:
For media and investor inquiries, please contact:
Director, Investor Relations
613.688.4330 or C: 613.697.0367
INDUSTRY: Telecom - Networking, Telecom - Telecommunication Equipment, Telecom
- Telecommunication Services, Telecom - Wireless/Mobile
-0- Jul/08/2014 13:00 GMT
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