Welcome To The Quarterhill Inc. HUB On AGORACOM
Intellectual Licenses for Electronics & Communications
Message: Press Release-Jan3-license agreement Bang & Olufsen
| Wi-LAN and Bang & Olufsen Sign V-chip License Agreements |
| 03 Jan 2008 09:10 ET MarketwireWi-LAN Inc.January 3, 2008 - 09:10:02 AMWi-LAN and Bang & Olufsen Sign V-chip License AgreementsOTTAWA, CANADA--(Marketwire - Jan. 3, 2008) - Wi-LAN Inc. (TSX:WIN)("Wi-LAN"), a leading technology licensing company, today announced that Bang& Olufsen a/s (Bang & Olufsen) has signed license agreements for its U.S. andCanadian V-chip Patents. The agreements provide for the payment of runningroyalties for the lives of the patents and include provision for payment inrespect of past sales.Bang & Olufsen a/s, which was founded in 1925, is world-renowned for it'sdistinctive range of quality consumer electronic products. The Bang andOlufsen Group manufactures a unique range of televisions, music systems,loudspeakers, telephones and multimedia products. The company hasapproximately 2,500 employees and the products are sold in more than 100countries worldwide."We are very pleased that Bang & Olufsen, a marquee manufacturer of homeentertainment products, has negotiated license agreements for our V-chippatents," said Wi-LAN V-chip President Najmul Siddiqui. "Our V-chip licensingteam generated significant momentum in 2007 and we expect this momentum tocontinue in 2008."117 licenses have been signed for Wi-LAN's Canadian and/or U.S. V-chip Patentsto electronics manufacturers in Korea, Japan, Taiwan, China, Thailand,Singapore, Hong Kong, Denmark, Canada and the United States.Wi-LAN has a large and growing portfolio of more than 280 issued or pendingpatents.About Wi-LANWi-LAN, founded in 1992, licenses intellectual property that applies to a fullrange of electronics and communications products. Some of the fundamentaltechnologies covered by Wi-LAN's patents include: CDMA, DOCSIS, DSL, GSM/EDGE,V-chip, Wi-Fi and WiMAX. Wi-LAN has licensed its intellectual property to agrowing number of companies around the world. For more information: www.wi-lan.com.Forward-looking InformationCertain statements in this release, other than statements of historical fact,may include forward-looking information that involves various risks anduncertainties. These may include, without limitation, statements based oncurrent assumptions and expectations involving a number of risks anduncertainties related to all aspects of the wireless and wirelinecommunications industry and the global economy. These risks and uncertaintiesinclude, but are not restricted to: the almost exclusive reliance of theCompany on licensing its patent portfolio to generate revenues and cash flows;that the Company may be required to establish the enforceability of itspatents in court to obtain material licensing revenues; that the Company willneed to acquire or develop new patents to continue to grow its business; thatthe Company requires investment to translate its intellectual propertyposition into sustainable profit in the market; that the Company is dependenton the performance of its key officers and employees; that changes in patentlegislation or in the interpretation or application of patent litigation couldmaterially adversely affect the Company; and that the Company has and may makeacquisitions of products, technologies or businesses which could materiallyadversely affect the Company. These risks and uncertainties may cause actualresults to differ from information contained herein, when estimates andassumptions have been used to measure and report results. There can be noassurance that such forward-looking statements will prove to be accurate.Actual results and future events could differ materially from thoseanticipated in such statements. These and all subsequent written and oralforward-looking statements are based on the estimates and opinions ofmanagement on the dates they are made and expressly qualified in theirentirety by this notice. The Company assumes no obligation to updateforward-looking statements should circumstances or management's estimates oropinions change.All trademarks and brands mentioned in this release are the property of theirrespective owners.FOR FURTHER INFORMATION PLEASE CONTACT: Wi-LAN Inc. Tyler Burns Director, Investor Relations and Communications O:613-688-4330 / C: 613-697-0367 tburns@wi-lan.com |
Loading...
Loading...
New Message
Please
login
to post a reply