OTTAWA, Canada – May 16, 2007
– Wi-LAN Inc. (Wi-LAN”) (TSX: WIN) is pleased to announce the addition of Paul Richman and Rick Shorkey to its Board of Directors. At a board meeting last Thursday, Mr. Shorkey was appointed Chairman of the Audit Committee and Mr. Richman was appointed Chairman of the Compensation Committee. To accommodate their appointments, the Board has been increased from six to seven members.
Paul Richman, a recognized expert in the fields of integrated electronics, patent licensing and intellectual property management, will be leading a few select licensing negotiations on behalf of Wi-LAN. Mr. Richman is currently the Chairman and CEO of the Consortium for Technology Licensing, Ltd., in New York. He is also the founder of Standard Microsystems Corporation, where he served in various positions for 29 years, including Vice President of Research and Development, President, CEO and Chairman of the Board, before retiring in 2000. Over the years, in addition to his duties at SMSC, Mr. Richman has served as an Adjunct Professor of Electrical Engineering at the City University of New York, as a visiting Professor in the Department of Electrical Sciences of the State University of New York at Stony Brook and as a member of the Visiting Committee of MIT’s Department of Electrical Engineering and Computer Science.
Mr. Richman has published numerous papers in technical journals around the world and has authored two textbooks on metal-oxide-semiconductor field-effect devices, which have been translated into Japanese, Chinese, Spanish and Russian. He has also been honored internationally for his many contributions to semiconductor integrated circuit technology, receiving Electronics Magazine’s Annual Award for Achievement, as well as several medals and awards for outstanding technical accomplishments from the Institute of Electrical and Electronics Engineers (the IEEE). He is a Fellow of the IEEE and received the IEEE’s Third Millennium Medal. Mr. Richman holds a Bachelor of Science degree in Electrical Engineering from the Massachusetts Institute of Technology and a Master of Science Degree in Electrical Engineering from Columbia University.
Rick Shorkey is a Chartered Accountant with more than 30 years of industry experience in senior financial and general management roles. He currently provides part-time and interim CFO services to several technology companies and has been CFO with neuroLanguage Corporation since September 2005. Prior to this, he was CFO of ATMOS Corporation.
Mr. Shorkey’s experience also includes: Chief Financial Officer of Bytec-Comterm Inc., manufacturer of IBM compatible computer products ($28,000,000 public offering); President of Solartronics Limited, one of the top ten manufacturers of solar equipment in Canada; and senior financial positions with Bowmar Canada Ltd. and Leigh Instruments Limited. He is a member of the Institute of Chartered Accountants of Ontario and the Canadian Institute of Chartered Accountants.
“We are very fortunate to have attracted this type of talent for Wi-LAN,” said Dr. Hatim Zaghloul, Chairman of the Board. “Paul Richman is widely recognized as an authority in patent licensing and his reputation as an innovator is well-known. His experience and knowledge will be invaluable in guiding the Company’s strategic direction and monitoring Wi-LAN’s progress as we move forward. ”
“We are also very pleased to have Rick Shorkey join us,” he added. “Rick’s broad financial and accounting experience and his solid relationships within the technology and investment communities will further strengthen our board.”
Dr. Bob Schulz, who has served the Board since April 2006, is retiring, but will continue to work with the Company in an advisory capacity. “We greatly appreciate Bob’s contribution to Wi-LAN’s success over the past year,” added Dr. Zaghloul. “We look forward to his continued involvement with Wi-LAN.” About Wi-LAN Inc.
Wi-LAN, which was 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.