4Kx16 Bits OTP (One-Time Programmable) IP, UMC 110 nm 1.2V/3.3V L110AE Process
Wi-LAN Completes Tri-Vision Acquisition
Tri-Vision warrants exercisable for approximately 530 thousand Wi-LAN common shares.
Over 90% of Tri-Vision’s shareholders voted in favour of the transaction at a special meeting of
Tri-Vision shareholders held in Toronto on June 28. This follows definitive agreements for the business combination signed between the two companies on May 11, 2007.
With the acquisition, Wi-LAN now owns critical patents relating to the V-chip technology, the only solution to parental controls that the U.S. Federal Communications Commission has mandated be built into all digital TV receivers, set-top boxes, VCRs and digital video recorders sold or used in the United States effective March 2007. Wi-LAN’s balance sheet will also be strengthened by the addition of approximately $6M of cash and short-term investments held by Tri-Vision.
“Closing this deal represents a very exciting development for Wi-LAN and our shareholders,” said Jim Skippen, Wi-LAN President & CEO. “It cements our position as the leading Canadian technology licensing company. It gives us access to the high-growth V-chip market and offers significant licensing opportunities given the synergies between our licensees. It also expands Wi-LAN’s war chest to over $100 million to pursue other acquisition opportunities and to handle multiple litigations.”
“This merger was a key part of our “go big strategy” to maximize the value of our patents,” added Tim Collings, Chairman of Tri-Vision International and inventor of the V-chip . “We are excited that former Tri-Vision shareholders will now benefit from Wi-LAN’s extensive licensing expertise, broad and diversified portfolio and solid financial resources to assert our patents, especially against the major players supplying the U.S. market.”
Wi-LAN intends to seek buyers for Tri-Vision’s cable television products and distribution.
About Wi-LAN Inc.
Wi-LAN, which was founded in 1992, licenses intellectual property that drives a full range of products providing access in the communications and consumer electronics markets. Some of the fundamental technologies covered by Wi-LAN’s patents include: CDMA, DSL, DOCSIS,
V-chip, Wi-Fi and WiMAX. Wi-LAN has already licensed its intellectual property to a number of companies, including Cisco, Fujitsu, March Networks and Nokia.
|
Related News
Breaking News
- Fractile raises $15m seed funding to develop radical new AI chip and unlock exponential performance improvements from frontier AI models
- Ceva Bluetooth Low Energy and 802.15.4 IPs Bring Ultra-Low Power Wireless Connectivity to Alif Semiconductor's Balletto Family of MCUs
- Agile Analog delivers customizable IP on GlobalFoundries' FinFet and FDX processes
- Ian Walsh appointed as Sondrel's Regional VP for America
- Systems Designed Today Must Support Post-Quantum Cryptography Tomorrow
Most Popular
- Imagination Technologies announces new capital investment from Fortress Investment Group
- Alphawave Semi: Q2 2024 Trading and Business Update
- Agile Analog delivers customizable IP on GlobalFoundries' FinFet and FDX processes
- Efinix Releases Topaz Line of FPGAs, Delivering High Performance and Low Power to Mass Market Applications
- Comcores supports BAE systems as a key partner with JESD204C IP
![]() |
E-mail This Article | ![]() |
![]() |
Printer-Friendly Page |