1-112Gbps Medium Reach (MR) and Very Short Reach (VSR) SerDes
WiLAN Confirms Dismissal of Litigations Scheduled for Trial in Early 2011
Final Defendant PCD settles with WiLAN
OTTAWA, Canada – April 26, 2011 – Wi-LAN Inc. (“WiLAN” or the “Company”) (TSX:WIN) today confirmed that four litigations that were scheduled for trial in early 2011 have been dismissed as a result of agreements signed with major semiconductor and product vendors.
In October 2007, WiLAN initiated two patent infringement actions in the U.S. District Court for the Eastern District of Texas related to Wi-Fi, CDMA and DSL technologies in laptops and wireless router equipment. These litigations have been dismissed due to license agreements signed with semiconductor vendors Atheros Communications, Inc., Broadcom Corporation, CSR plc, Intel Corporation (“Intel”), Marvell Semiconductor, Inc., Ralink Technology Corporation and Realtek Semiconductor Corporation or agreements directly with specific product vendors. The majority of the licensing obligations of the product vendors are covered by license agreements signed with their semiconductor suppliers. In addition, the agreement signed with Intel has resulted in the dismissal of litigation involving WiMAX technologies filed by Intel, in October 2008, in the U.S. District Court for the Northern District of California.
In July 2008, the Company filed a complaint of patent infringement, in the U.S. District Court for the Eastern District of Texas, related to Wi-Fi and CDMA technologies in cellular handsets. The Company and the last defendant, Personal Communication Devices, LLC (“PCD”), have settled on financial terms that are confidential. With the dismissal of PCD and license agreements previously announced with LG Electronics Mobilecomm U.S.A., Inc., LG Electronics, Inc., Motorola Solutions, Inc., Motorola Mobility, Inc., Research in Motion Limited and UTStarcom Inc., this case has been dismissed.
“The license agreements that we have signed with major semiconductor and product vendors have secured hundreds of millions of dollars in future revenues for WiLAN and send a strong message to the marketplace about the value of our technology,” said Jim Skippen, Chairman & CEO. “I am very pleased that these litigations have been resolved without the expense of going to trial.”
The terms of all agreements, including amounts to be paid, are confidential. In general, most license agreements call for the payment of quarterly running royalties which generate long-term recurring revenue. Revenues for fiscal 2010 were $50.7 million and, as previously reported, revenues for the fiscal year ending December 31, 2011 are expected to more than double and be in the range of US$110.0 million to $115.0 million. Adjusted Earnings* for the fiscal year ending December 31, 2011 are expected to be in the range of US$75.0 million to $80.0 million.
About WiLAN
WiLAN, founded in 1992, is a leading technology innovation and licensing company. WiLAN has licensed its intellectual property to over 250 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 1300 issued or pending patents. For more information: www.wilan.com.
Note
(*) WiLAN follows GAAP in preparing its interim and annual financial statements. The Company has now adopted the term Adjusted Earnings instead of Pro forma Earnings which has been used in previous years, although the Company’s definition of Adjusted Earnings remains the same as its definition of Pro forma Earnings, being earnings from continuing operations before stock-based compensation, unrealized gain or loss on foreign exchange contracts, depreciation & amortization, provision for income taxes and certain other one-time charges. Adjusted Earnings is a non-GAAP financial term.
|
Related News
- Validity of WiLAN's 759 Patent Confirmed by US Patent Office
- Broadcom and WiLAN Reach Agreement to End Litigations
- Intel and WiLAN Reach Agreement to End Litigations
- Wi-LAN Initiates Litigation Against Motorola, RIM and UTStarCom / Company confirms settlement of Marvell Dispute
- US Court of Appeals for Federal Circuit Confirms Finding that Apple Infringes WiLAN Patents
Breaking News
- Keysight, Synopsys, and Ansys Deliver Radio Frequency Design Migration Flow to TSMC's N6RF+ Process Node
- Siemens collaborates with TSMC on design tool certifications for the foundry's newest processes and other enablement milestones
- Leveraging Cryogenics and Photonics for Quantum Computing
- Kalray Joins Arm Total Design, Extending Collaboration with Arm on Accelerated AI Processing
- Credo at TSMC 2024 North America Technology Symposium
Most Popular
- Huawei Mate 60 Pro processor made on SMIC 7nm N+2 process
- Silicon Creations Reaches Milestone of 10 Million Wafers in Production with TSMC
- GUC provides 3DIC ASIC total service package to AI/HPC/Networking customers
- Analog Bits to Demonstrate Numerous Test Chips Including Portfolio of Power Management and Embedded Clocking and High Accuracy Sensor IP in TSMC N3P Process at TSMC 2024 North America Technology Symposium
- Alphawave Semi: FY 2023 and 2024 YTD Trading Update and Notice of Results
E-mail This Article | Printer-Friendly Page |