WiLAN Subsidiary Enters Into License Agreement With Smith & Nephew

WiLAN

today announced that the Company's subsidiary, Orthopedic Innovations Inc. has entered into a patent license agreement with Smith & Nephew Inc., a global medical technology business. The licensed patents relate to orthopedic technologies, such as components used in knee replacements, which were acquired in 2014 from the Hospital for Special Surgery. "WiLAN is building a track record of licensing technology to global medical technology companies," said Jim Skippen, President & CEO. "Since diversifying into the medical industry in 2014, we've signed licenses with five major med tech companies." The consideration paid and the terms of the license agreement are confidential.