OTTAWA, Feb. 28, 2019 - Wi-LAN Inc. ("WiLAN"), a Quarterhill Inc. ("Quarterhill") company (TSX: QTRH) (NASDAQ: QTRH), today announced that WiLAN, along with several of its wholly‑owned subsidiaries, including Cetus Technologies Inc. ("Cetus"), have entered into a comprehensive semiconductor license agreement with SK hynix Inc. ("SK hynix").
The licensed patents generally cover dynamic random-access memory (DRAM), NAND flash memory and other related semiconductor technologies.
"We are very excited to conclude our first major agreement relating to patents held by Cetus, the fourth portfolio from Panasonic, acquired in 2017," said Michael Vladescu, WiLAN President and CEO. "This agreement with SK hynix continues to establish WiLAN's growing presence in the semiconductor industry in addition to its traditional focus in the telecommunications industry."
SK hynix is a South Korean memory semiconductor supplier of DRAM and flash memory chips. They are the world's second-largest memory chipmaker and the world's third-largest semiconductor company.
The consideration paid by SK hynix and all other terms of the agreement are confidential.
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.
Quarterhill is focused on the disciplined acquisition, management and growth of companies in dedicated technology areas including, vertical market software and solutions, intelligent industrial systems, and innovation and licensing. Quarterhill's emphasis is on seeking out acquisition opportunities at reasonable valuations that provide a foundation for recurring revenues, predictable cash flows and margins, profitable growth, intimate customer relationships and dedicated management teams. Quarterhill is listed on the TSX and NASDAQ under the symbol QTRH. For more information: www.quarterhill.com.