WiLAN Partners with Major Japanese Company Funai, Acquires Portolio Of Patented Microphone Technologies

WiLAN

, today announced that its wholly-owned subsidiary, Onpa Technologies Inc., has acquired a portfolio of patented microphone technologies from Japanese electronics company, Funai Electric Co. Ltd. ("Funai"). Funai is a global manufacturer of consumer electronics such as TVs, DVD and Blu-ray recorders/players, as well as printers, and antennas. Funai manufactures products for major brands including Philips, Magnavox, Sanyo, Emerson, and Kodak. The acquisition of this portfolio aligns with WiLAN's strategy to license valuable, high quality patents and to help companies and inventors, in diverse markets, unlock the value of their intellectual property. "The purchase of these patents further diversifies WiLAN's business, and strengthens our position as a leading licensing partner to global electronics leaders, such as Funai," said Michael Vladescu, Chief Operating Officer, WiLAN. "Joining Panasonic and Rohm, Funai is the third major Japanese company to partner with WiLAN. We look forward to helping Funai generate a greater return on its investment in technology and innovation." "We are pleased to have signed this agreement with WiLAN," said Mr.Joji Okada, Director & Officer, Funai. "WiLAN's strong licensing track record, financial stability, and ongoing investment in research and development were important factors in selecting them as our licensing partner."