WiLAN and SENSIO Technologies Enter Licensing Partnership
OTTAWA, CANADA and MONTRÉAL, CANADA-- Sept. 17, 2012 - Wi-LAN Inc. ("WiLAN" or the "Company") (TSX:WIN)(NASDAQ:WILN) today announced that it has entered into a multi-year exclusive license agreement with SENSIO Technologies Inc. ("SENSIO") (TSX VENTURE:SIO), granting WiLAN with all rights to license certain SENSIO patents relating to 3D technologies for digital displays and associated with SENSIO® S2D Switch technology. The agreement also grants WiLAN exclusive rights on certain other SENSIO patents within a specific field of use.
"Our exclusive license agreement with SENSIO aligns very well with our existing digital TV and display licensing activities and can open up new opportunities in the realm of 3D technologies," said Jim Skippen, President & CEO. "SENSIO's leadership in developing 3D technologies has resulted in some breakthrough patented innovations which, when combined with WiLAN's licensing expertise, should provide a promising addition to our current digital TV and display licensing efforts."
"We are excited to establish a patent licensing partnership with WiLAN, a true leader in patent licensing and a company with demonstrated success in developing licensing programs in the digital display industry," said Nicholas Routhier, President & CEO, SENSIO. "After having considered various third party patent licensing options, we have selected WiLAN because of their strong team of professionals, proven track record and solid financial position. In our view, today's agreement will help us maximize the monetization of our patents while letting us focus on our primary business activity, which is the development and marketing of value-added technologies for our customers."
Subject to certain terms of the agreement, net revenues generated from licensing of the patents will be shared between SENSIO and WiLAN. SENSIO will also receive an initial payment. All other terms of the agreement are confidential.
About WiLAN
WiLAN, founded in 1992, is a leading technology innovation and licensing company. WiLAN has licensed its intellectual property to over 260 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 television receivers. WiLAN has a large and growing portfolio of more than 3,000 issued or pending patents. For more information: www.wilan.com.
About SENSIO Technologies Inc. (SENSIO)
SENSIO Technologies Inc. (www.sensio.tv) has been leading the floor in bringing 3D video to the consumer since 1999. Its vision, expertise and state-of-the-art solutions, based on diversified stereoscopic image-processing technologies, have been trusted by some of the biggest names in the media and entertainment industries to power numerous industry firsts, initiate new business models and generate immediate revenue with a distinctive 3D offering.
SENSIO enables its clients to deliver the best possible 3D experience for the end-user through a broad portfolio of products, including its flagship, award-winning technology, SENSIO® Hi-Fi 3D. Through SENSIO solutions, consumers can access - with effortless interaction and complete peace of mind - 3D content of superior quality to common frame-compatible formats distributed over existing infrastructure (cable, satellite or over IP) and displayed using any existing digital equipment (cinema, home cinema, TV, game consoles or PC). SENSIO is listed on the Toronto TSX Venture Exchange.
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