WiLAN Subsidary Acquires Networking Technology, No Terms Disclosed
Wi-LAN Inc. ("WiLAN" or the "Company") (TSX: WIN) (NASDAQ: WILN) today announced that a subsidiary has entered into a licensing partnership with the inventor of patented technology that relates to networking capabilities of non-standard devices.
"With this partnership and recent transactions in the automotive and energy markets, WiLAN is taking definitive steps to diversify our business and expand the number of patent portfolios that we can effectively license, all in an effort to increase the potential revenue that our business can generate," said Jim Skippen, President & CEO.
In a typical partnership program, the inventor(s) share in the success of the licensing program.
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