WiLAN and LG Settle Wireless Patent Litigation
OTTAWA, Canada – December 22, 2010 – Wi-LAN Inc. (“WiLAN” or the “Company”) (TSX:WIN), a leading technology innovation and licensing company, today announced that WiLAN has settled all pending wireless patent litigation with LG Electronics Mobilecomm U.S.A., Inc. and LG Electronics, Inc. (collectively, “LG”). As a result of the settlement, LG has obtained a multi-year license to certain patents of WiLAN. LG will make a series of fixed cash payments to WiLAN. Other terms of the agreement are confidential.
LG is the 12th cellular handset manufacturer to take a license from WiLAN.
As a result of this settlement, civil actions 2:08-cv-247, 2:10-cv-124 and 6:10-cv-521 filed by WiLAN against LG in the U.S. District Court for the Eastern District of Texas will be dismissed. Civil action 10-cv-432, involving WiLAN’s V-Chip technology, filed by WiLAN against LG Electronics, Inc. and LG Electronics U.S.A., Inc. in the U.S. District Court for the Southern District of New York will continue.
Prior to disclosure of this settlement, the underwriters in WiLAN’s recent bought deal of up to 5,625,000 common shares confirmed that they have fully completed their draw down under the over-allotment option and purchased an additional 116,300 common shares from the Company.
About WiLAN
WiLAN, founded in 1992, is a leading technology innovation and licensing company. WiLAN has licensed its intellectual property to over 240 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 cellular handsets, Wi-Fi-enabled laptops, Wi-Fi/DSL routers, xDSL infrastructure equipment, WiMAX base stations and digital television receivers. WiLAN has a large and growing portfolio of more than 970 issued or pending patents. For more information: www.wilan.com.
|
Related News
Breaking News
- Logic Design Solutions launches Gen4 NVMe host IP
- ULYSS1, Microcontroller (MCU) for Automotive market, designed by Cortus is available
- M31 is partnering with Taiwan Cooperative Bank to launch an Employee Stock Ownership Trust to strengthen talent retention
- Sondrel announces CEO transition to lead next phase of growth
- JEDEC Publishes LPDDR5 CAMM2 Connector Performance Standard
Most Popular
- Arm's power play will backfire
- Alphawave Semi Selected for AI Innovation Research Grant from UK Government's Advanced Research + Invention Agency
- Secure-IC obtains the first worldwide CAVP Certification of Post-Quantum Cryptography algorithms, tested by SERMA Safety & Security
- Weebit Nano continuing to make progress with potential customers and qualifying its technology Moving closer to finalisation of licensing agreements Q1 FY25 Quarterly Activities Report
- PUFsecurity Collaborate with Arm on PSA Certified RoT Component Level 3 Certification for its Crypto Coprocessor to Provide Robust Security Subsystem Essential for the AIoT era
E-mail This Article | Printer-Friendly Page |