WiLAN Signs Wireless License with LG
Parties Settle Wireless Patent Litigation
OTTAWA, Nov. 25, 2019 - Wi-LAN Inc. ("WiLAN"), a Quarterhill Inc. ("Quarterhill") company (TSX: QTRH) (NASDAQ: QTRH), today announced that WiLAN has entered into a license agreement and settled all pending wireless patent litigation with LG Electronics ("LG"). Subject to the license agreement, LG has obtained a multi-year license to certain WiLAN patents related to wireless technology. This is the second license LG has taken to WiLAN's wireless patent portfolio; the first license LG received from WiLAN was concluded in 2010. The license fees paid to WiLAN and all other terms of this agreement are confidential.
As a result of this agreement, civil action 3:18-cv-01577 in the Southern District of California, case T-1349-17 in the Federal Courts of Canada and case 7 O 152/17 in the Manheim Court in Germany all will be dismissed. Civil action 2:13-cv-04895 in the District Court of New Jersey, relating to imaging technologies and television products, is not impacted by this agreement.
"We are very pleased to have reached a resolution with LG with respect to our wireless technology patents," said Michael Vladescu, President and CEO of WiLAN. "We believe this license demonstrates the continued strength and relevance of WiLAN's wireless portfolio and, in particular, its relevance to LTE technology used in mobile devices. WiLAN's wireless patents have been licensed to numerous other mobile device vendors."
About WiLAN
WiLAN, a Quarterhill company, is one of the most successful patent monetization companies in the world and partners with its customers to unlock the value of intellectual property through various patent monetization models. 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 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.
|
Related News
- WiLAN and NEC Enter Wireless License
- WiLAN and InfoSonics Sign Wireless License
- WiLAN Subsidiary and CXMT Enter into License and Acquisition Agreements
- WiLAN and Several Subsidiaries Sign Comprehensive Semiconductor License Agreement with SK hynix
- WiLAN Subsidiary Reaches Agreement to License and Sell Patents to TSMC
Breaking News
- Enflame Technology Announces CloudBlazer with DTU Chip on GLOBALFOUNDRIES 12LP FinFET Platform for Data Center Training
- Global Semiconductor Equipment Sales Forecast - 2020 Rebound, 2021 Record High
- Enflame Technology Selects Rambus HBM2 Memory Subsystem Solution For Next-Generation AI Training Chip
- Calterah Semiconductor's Automotive Radar SoC Enters Mass Production Using Synopsys DesignWare ARC Processor IP
- All M31 Automotive IP Products Received ISO 26262 Certifications
Most Popular
- Cobham Releases RISC-V Processor IP Core
- Lattice and SiFive Announce Collaboration to Allow Lattice FPGA Developers Easy Access to RISC-V Processors
- Cobham Releases LEON5 Processor IP Core
- MediaTek selects Nucleus RTOS for next-generation modem technology
- Calterah Semiconductor's Automotive Radar SoC Enters Mass Production Using Synopsys DesignWare ARC Processor IP
![]() |
E-mail This Article | ![]() |
![]() |
Printer-Friendly Page |