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Wi-LAN Appoints Shaun McEwan as Chief Financial Officer
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21 Jan 2008 08:00 ET MarketwireWi-LAN Inc.January 21, 2008 - 08:00:35 AMWi-LAN Appoints Shaun McEwan as Chief Financial OfficerOTTAWA, ONTARIO--(Marketwire - Jan. 21, 2008) - Wi-LAN Inc. (TSX:WIN)("Wi-LAN"), a leading technology innovation and licensing company, todayannounced that it has appointed Shaun McEwan to the position of ChiefFinancial Officer."I am very pleased to welcome a seasoned senior financial executive like ShaunMcEwan to Wi-LAN," said Jim Skippen, President and CEO. "Shaun brings animpressive track record and a clear understanding of what it takes toeffectively manage the finances and financial relationships that are criticalto a publicly traded high technology company. His experience and leadershipcapabilities will prove invaluable as we continue to grow our business."Mr. McEwan has more than 16 years experience in finance and executiveleadership positions in public and private high technology companies. Mostrecently, he held the position of Chief Financial Officer at BreconRidgeManufacturing Solutions (BreconRidge) where he was responsible for overallfinancial management. His many accomplishments while at BreconRidge includedleading private placement transactions that raised more than $40 million andcompleting numerous corporate acquisitions. Prior to BreconRidge, Mr. McEwanserved in increasingly senior positions at Calian Technologies Ltd (Calian),first as Chief Financial Officer and then President and Chief ExecutiveOfficer. During his tenure at Calian, Mr. McEwan was responsible for allfinancial affairs of this publicly traded company, completed several corporateacquisitions and divestitures, assisted in growing revenues to more than $125Million and served as corporate secretary as well as a Director. Mr. McEwanalso held senior executive positions at Microstar Software Limited and led thecompany's Initial Public Offering on the Toronto Stock Exchange in 1993."Wi-LAN is taking bold steps to realize the business potential of intellectualproperty and with its strong financial position, large patent portfolio andexperienced team, Wi-LAN is well positioned for success, said Mr. McEwan. "Istrongly believe that my diverse background in finance and executiveleadership will help Wi-LAN continue to achieve its many goals. I look forwardto assisting Wi-LAN with its ongoing efforts to lead technology innovation andlicensing."Mr. McEwan is expected to assume his duties at Wi-LAN on February 19, 2008.About Wi-LANWi-LAN, founded in 1992, is a leading technology innovation and licensingcompany. Our portfolio of patented inventions applies to a wide range ofelectronics and communications products. Some of the fundamental technologiescovered 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 a growingnumber 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 C: 613-688-4330 tburns@wi-lan.com613-697-0367 O:
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