OTTAWA, Canada – December 22, 2010 – Wi-LAN Inc. (“WiLAN” or the “Company”) (TSX:WIN), a leading technology innovation and licensing company, today announced that WiLAN has settled all pending wireless patent litigation with LG Electronics Mobilecomm U.S.A., Inc. and LG Electronics, Inc. (collectively, “LG”). As a result of the settlement, LG has obtained a multi-year license to certain patents of WiLAN. LG will make a series of fixed cash payments to WiLAN. Other terms of the agreement are confidential.
LG is the 12th cellular handset manufacturer to take a license from WiLAN.
As a result of this settlement, civil actions 2:08-cv-247, 2:10-cv-124 and 6:10-cv-521 filed by WiLAN against LG in the U.S. District Court for the Eastern District of Texas will be dismissed. Civil action 10-cv-432, involving WiLAN’s V-Chip technology, filed by WiLAN against LG Electronics, Inc. and LG Electronics U.S.A., Inc. in the U.S. District Court for the Southern District of New York will continue.
Prior to disclosure of this settlement, the underwriters in WiLAN’s recent bought deal of up to 5,625,000 common shares confirmed that they have fully completed their draw down under the over-allotment option and purchased an additional 116,300 common shares from the Company.
WiLAN, founded in 1992, is a leading technology innovation and licensing company. WiLAN has licensed its intellectual property to over 240 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 cellular handsets, Wi-Fi-enabled laptops, Wi-Fi/DSL routers, xDSL infrastructure equipment, WiMAX base stations and digital television receivers. WiLAN has a large and growing portfolio of more than 970 issued or pending patents. For more information: www.wilan.com.