Executive Leadership assigned to Intellectual Property and Wireless Broadband Equipment Divisions to Promote Customer Focus and Financial Accountability
CALGARY, Canada – August 11, 2005 – Wi-LAN Inc. (TSX:WIN), today announced that it has created two separate divisions within the Company to focus on maximizing the value of its intellectual property (IP) portfolio and its wireless broadband equipment business. The formation of an IP Division and Product Division is designed to promote greater customer focus and drive improved business performance from the two key value areas within Wi-LAN.
John Seliga, currently Vice President-Marketing for Wi-LAN, has been named Wi-LAN’s Senior Vice President & General Manager, IP Division. Dave King, currently Senior Vice President-Operations and Technology for Wi-LAN, will assume the role of Senior Vice President & General Manager Product Division. Chris Beadle, currently Vice President – Global Sales for Wi-LAN, will assume the role of Senior Vice President Global Marketing and Sales for the Product Division.
“The strategy communicated at our Annual General Meeting of focusing on selected key customer segments has already started to pay off in our equipment business, and this divisional restructuring is a logical next step to create the necessary focus on Wi-LAN’s IP related business opportunities.” said Bill Dunbar, Wi-LAN President & CEO. “This strategy will enable us to perform better for our customers, partners, employees and shareholders through better aligning corporate resources and expense management with each of Wi-LAN’s key opportunity areas. The restructuring will also help us better promote our IP within the broadband wireless industry through selling IP related products and services, establishing mutually beneficial industry partnerships and providing access to our patent portfolio.”
John Seliga, Wi-LAN’s Sr. VP & General Manager, IP Division commented; “The WiMAX marketplace is expected to grow significantly in the coming years and Wi-LAN’s IP Division is uniquely positioned to assist a wide range of companies accelerate the execution of their WiMAX related business strategies. Target customers for Wi-LAN’s IP includes Integrated Circuit (IC) companies, Original Design Manufacturers (ODM’s) and Equipment Manufacturers. Wi-LAN’s IP Division will provide its customers with industry-leading products and services including key IEEE 802.16 PHY and Media Access Control core designs and software, semiconductor design expertise, reference design kits for WiMAX subscriber and base stations, and access to Wi-LAN’s WiMAX-applicable patent portfolio. The creation of a separate IP business division provides clarity, focus and increased independence from the product side of Wi-LAN’s business, and opens up opportunities for more effective partnering in areas such as Mobile Wimax (802.16e).” Dave King, Wi-LAN Product Division Sr. VP and General Manager added; “Wi-LAN’s product business will continue to serve our chosen customer segments with a renewed attention to product innovation, quality, and customer satisfaction. W e intend to implement these measures without any disruption to our valued customers and suppliers.”
Wi-LAN will continue to present consolidated financial results consistent with past reporting, however each Division will be accountable for its own financial and operational performance.
About Wi-LAN Inc.
Wi-LAN is a global provider of broadband wireless communications products and technologies, offering businesses, including telecom service providers, and government enterprises effective, economic and secure wireless high-speed communications solutions. Wi-LAN specializes in high-speed Internet access, data network extension, wireless Voice-over-IP, and wireless data and telephony backhaul, utilizing its high quality products and industry-leading technologies. Wi-LAN’s broadband wireless solutions feature an all-inclusive 2-year parts and labor warranty and are supported by 24/7 customer service.
Wi-LAN believes its portfolio of patents, including its core W-OFDM patents and 17 patents and patent applications acquired from Ensemble Communications in May 2004, are necessary for the implementation of devices using the IEEE 802.16 WirelessMAN Standard (1) and the ETSI BRAN HiperMAN(1) standard (the WiMAX Forum(1) standards). As well, Wi-LAN’s W-OFDM patents are believed to be required for the implementation of devices using the IEEE standards 802.11a and 802.11g (the 2nd generation Wi-Fi Alliance(1) standards), and the ETSI BRAN HiperLAN/2(1) standard. Wi-LAN licenses its patented technology and has executed non-exclusive W-OFDM license agreements with semiconductor and broadband wireless equipment companies.
Wi-LAN is the chair company of the OFDM Forum and a charter member of the WiMAX Forum (www.wimaxforum.org). Wi-LAN's common shares trade on The Toronto Stock Exchange under the symbol "WIN." Detailed information on Wi-LAN can be found at www.wi-lan.com.
Forward Looking Information
Certain statements in this release, other than statements of historical fact, may include forward-looking information that involves various risks and uncertainties. These may include, without limitation, statements based on current expectations involving a number of risks and uncertainties related to all aspects of the wireless communications industry. These risks and uncertainties include, but are not restricted to, continued increased demand for the Company's products, the Company's ability to maintain its technological leadership in the field of high-speed wireless communications, the Company's ability to attract and retain key employees, the enforceability of the Company's patents, and the availability of key components.
These uncertainties may cause actual results to differ from information contained herein. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice. The Company assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change.
(1) All trademarks and brands mentioned in this release are the property of their respective owners.