Wi-LAN WILN today announced that WiLAN and Samsung
Electronics Co., Ltd. ("Samsung") have entered into a broad long-term
license renewal to WiLAN's patents for Samsung's wireless mobile products
and networking infrastructure equipment. The agreement further includes
patent assignments.
Under the license agreement, WiLAN grants Samsung a license to its patents
for wireless mobile products, such as handsets, tablets, laptops, and
networking infrastructure equipment. This new license renews the previous
license covering wireless products but adds significantly greater patent
scope and term of years. All other terms of the license agreement are
confidential.
"Samsung is the world's top mobile handset vendor and a leading innovator in
the wireless industry, and we are pleased to continue providing use of our
patents in Samsung's mobile space," said Michael Vladescu, COO. "We believe
that together we can further collaborate on building strong patent
portfolios and more effectively service our respective IP needs in the
future."
About WiLAN
WiLAN, founded in 1992, is a leading technology innovation and licensing
company. WiLAN has licensed its intellectual property to over 265 companies
worldwide. Inventions in our portfolio have been licensed by companies that
manufacture or sell a wide range of communication and consumer electronics
products including 3G and 4G handsets, Wi-Fi-enabled laptops, Wi-Fi and
broadband routers, xDSL infrastructure equipment, cellular base stations and
digital TV receivers. WiLAN has a large and growing portfolio of more than
3,000 issued or pending patents. For more information: www.wilan.com.
Forward-looking Information
This news release contains forward-looking statements and forward-looking
information within the meaning of the U.S. Private Securities Litigation
Reform Act of 1995 and other United States and Canadian securities laws. The
phrases "we believe" and similar terms and phrases are intended to identify
these forward-looking statements. Forward-looking statements and
forward-looking information are based on estimates and assumptions made by
WiLAN in light of its experience and its perception of historical trends,
current conditions and expected future developments, as well as other
factors that WiLAN believes are appropriate in the circumstances. Many
factors could cause WiLAN's actual performance or achievements to differ
materially from those expressed or implied by the forward-looking statements
or forward-looking information. Such factors include, without limitation,
the risks described in WiLAN's March 7, 2013 annual information form for the
year ended December 31, 2012 (the "AIF"). Copies of the AIF may be obtained
at www.sedar.com or www.sec.gov. WiLAN recommends that readers review and
consider all of these risk factors and notes that readers should not place
undue reliance on any of WiLAN's forward-looking statements. WiLAN has no
intention and undertakes no obligation to update or revise any
forward-looking statements or forward-looking information, whether as a
result of new information, future events or otherwise, except as required by
law.
All trademarks and brands mentioned in this release are the property of
their respective owners.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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