OTTAWA, Canada – January 14, 2011 – Wi-LAN Inc. (“WiLAN” or the “Company”) (TSX:WIN), a leading technology innovation and licensing company, today announced that Intel Corporation (“Intel”) and WiLAN have signed a memorandum of understanding which calls for Intel to take a multi-year license to WiLAN’s patent portfolio and to make a series of payments to WiLAN.
The agreement will include the dismissal of all litigations between the companies in the U.S. District Court for the Eastern District of Texas and in the U.S. District Court for the Northern District of California. WiLAN expects a final definitive agreement to be signed within the next few weeks. Specific financial terms of the agreement reached are confidential.
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.