WiLAN Announces License Agreement with Turbine

Loading...
Loading...
Wi-LAN
WILN
announced that its Treehouse Avatar Technologies. Inc. ("Treehouse") subsidiary has entered into a license agreement with Turbine, Inc. ("Turbine") related to avatar technology. As a result of this agreement, pending litigation between Treehouse and Turbine will be dismissed.Treehouse was established to license certain patent assets of a corporation founded by the inventors of this technology. A share of the licensing revenue generated will be paid to the inventors' corporation. WiLAN's Gladios division is responsible for day-to-day management and execution of the licensing partnership program.The terms of all agreements are confidential.About WiLANWiLAN, founded in 1992, is a leading technology innovation and licensing company. WiLAN has licensed its intellectual property to over 275 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
See full press release
Posted In: NewsGuidanceContractsGlobal
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...