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WiLAN Subsidiary Acquires Patent Portfolio from MagnaChip
OTTAWA -- June 25, 2018 - Wi-LAN Inc. ("WiLAN"), a Quarterhill Inc. ("Quarterhill") company (TSX: QTRH) (NASDAQ: QTRH), today announced that its wholly-owned subsidiary Atria Technologies Inc. has acquired a portfolio of more than 85 patents and applications from MagnaChip Semiconductor Corporation ("MagnaChip"). The acquisition was made under WiLAN's Partnership Program.
The patents cover semiconductor process technologies used in the manufacture of semiconductor devices.
MagnaChip is a designer and manufacturer of analog and mixed-signal semiconductor products.
All other terms of the agreement are confidential.
About WiLAN
WiLAN, a Quarterhill company, is one of the most successful patent licensing companies in the world and helps companies unlock the value of intellectual property by managing and licensing their patent portfolios. The company operates in a variety of markets including automotive, digital television, Internet, medical, semiconductor and wireless communication technologies. For more information: www.wilan.com.
About Quarterhill
Quarterhill is a diversified investment holding company focused on growing its business by acquiring technology companies in the Industrial Internet of Things segment across multiple verticals. Quarterhill targets companies with a broad range of products and services that capture, analyze and interpret data, and that have strong financial performance, excellent management teams, strong intellectual property underpinnings and significant opportunities to develop long-term recurring and growing revenue streams. For more information: www.quarterhill.com.
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