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WiLAN Enters into Patent Agreement with Panasonic

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Wi-LAN (NASDAQ: WILN) has entered into a patent assignment agreement with Panasonic Corporation (OTC: PCRFY) under which Panasonic will assign to Collabo Innovations Inc., a new WiLAN subsidiary, certain patents from Panasonic Automotive & Industrial Systems Co., one of Panasonic's internal companies.As part of the agreement, Panasonic will transfer over 900 patents and applications to the new WiLAN subsidiary relating to a broad range of technologies in the field of semiconductor devices ("the Semiconductor Portfolio"), which are part of semiconductor patents that Panasonic owns. WiLAN believes the Semiconductor Portfolio has current applicability to a wide range of products including CMOS image sensors, microcontrollers and semiconductors used in optical drives."This broad transaction with Panasonic, one of the largest electronics companies in the world, is a very important new area of focus for our business. We believe that through tighter business relationships with licensees and partners, we can provide more value to our licensees and develop new sources of revenues for our shareholders," said Jim Skippen, President & CEO. "Given Panasonic's almost one hundred year history as a leader in research and product development, we are very excited to have this opportunity

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Posted-In: News Guidance Contracts Management Global

 

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