English
Wi-LAN Completes Series of Patent Acquisitions
Company adds over 200 patents to its portfolio
OTTAWA, Canada – May 8, 2009 – Wi-LAN Inc. (“Wi-LAN” or the “Company”) (TSX:WIN), a leading technology innovation and licensing company, today announced that the Company has completed a series of acquisitions that will add over 200 patented inventions to its portfolio. The acquisitions increase the size of Wi-LAN’s portfolio to over 520 issued and pending patents.
The Company has acquired patented technologies from several companies including Airspan Networks Inc., Infineon Technologies AG and Technology Research Laboratories. The inventions being acquired relate primarily to wireless mobile networking, imaging processing, biometrics, optical networking and multi-antenna wireless systems.
The transactions were completed in the second and third quarters of fiscal 2009. The aggregate amounts to be paid to all parties for the patents acquired are US $13.5 million in the third quarter of fiscal 2009 and US $2.5 million in each of the next three quarters. All other terms of the acquisition agreements are confidential.
“These acquisitions are an important investment in our business and our future. They will serve to strengthen our wireless program significantly, and will also permit the development of new licensing programs,” said Jim Skippen, Chairman & CEO. “Our large cash balance, and continuing business success, enables us to make these purchases and still maintain a very strong cash position.”
About Wi-LAN
Wi-LAN, founded in 1992, is a leading technology innovation and licensing company. Our portfolio of patented inventions applies to a wide range of consumer electronics and communications products. Technologies in Wi-LAN’s patent portfolio may relate to: CDMA, DOCSIS, DSL, multi-mode wireless, V‑Chip, Wi-Fi and WiMAX. Wi-LAN has a large and growing portfolio of more than 520 issued or pending patents. Wi-LAN has licensed its intellectual property to over 170 companies. For more information: www.wi-lan.com.
OTTAWA, Canada – May 8, 2009 – Wi-LAN Inc. (“Wi-LAN” or the “Company”) (TSX:WIN), a leading technology innovation and licensing company, today announced that the Company has completed a series of acquisitions that will add over 200 patented inventions to its portfolio. The acquisitions increase the size of Wi-LAN’s portfolio to over 520 issued and pending patents.
The Company has acquired patented technologies from several companies including Airspan Networks Inc., Infineon Technologies AG and Technology Research Laboratories. The inventions being acquired relate primarily to wireless mobile networking, imaging processing, biometrics, optical networking and multi-antenna wireless systems.
The transactions were completed in the second and third quarters of fiscal 2009. The aggregate amounts to be paid to all parties for the patents acquired are US $13.5 million in the third quarter of fiscal 2009 and US $2.5 million in each of the next three quarters. All other terms of the acquisition agreements are confidential.
“These acquisitions are an important investment in our business and our future. They will serve to strengthen our wireless program significantly, and will also permit the development of new licensing programs,” said Jim Skippen, Chairman & CEO. “Our large cash balance, and continuing business success, enables us to make these purchases and still maintain a very strong cash position.”
About Wi-LAN
Wi-LAN, founded in 1992, is a leading technology innovation and licensing company. Our portfolio of patented inventions applies to a wide range of consumer electronics and communications products. Technologies in Wi-LAN’s patent portfolio may relate to: CDMA, DOCSIS, DSL, multi-mode wireless, V‑Chip, Wi-Fi and WiMAX. Wi-LAN has a large and growing portfolio of more than 520 issued or pending patents. Wi-LAN has licensed its intellectual property to over 170 companies. For more information: www.wi-lan.com.
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