OTTAWA, Canada – May 1, 2007
– Wi-LAN Inc. (TSX:WIN, “Wi-LAN,” or “the “Company”), at the request of the Toronto Stock Exchange concerning recent market activity of Wi-LAN’s shares, confirms that there are no new material developments that would account for such activity.
Wi-LAN remains in discussions on a number of initiatives, including the acquisition of patents, although all such discussions remain preliminary at this time. Wi-LAN is also in negotiations with a number of companies which have expressed an interest in its Early License Program. Under the Program, Wi-LAN is offering patent licenses at reduced rates to those companies who conclude license agreements by July 31, 2007.
Wi-LAN is continuing its activities in accordance with the previously announced non-binding letter of intent to merge with Tri-Vision International Ltd. (“TVL”). The companies agreed to extend the exclusivity period from April 27, 2007 to May 11, 2007 in order to allow both parties to complete due diligence and finalize an acquisition agreement.
In the view of Wi-LAN’s management, recent decisions of the U.S. Supreme Court do not materially impact the Company’s licensing program.About Wi-LAN Inc.
Wi-LAN, founded in 1992, licenses intellectual property that drives a full range of products providing access in wireless and wireline telecommunications markets. Some of the fundamental technologies covered by Wi-LAN’s patents include: CDMA, Wi-Fi, WiMAX and DSL. Wi-LAN has already licensed its intellectual property to a number of major companies, including Cisco, Fujitsu and Nokia.