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WiLAN Acquires Alvarion Patents for $19M

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Wi-LAN (NASDAQ: WILN) today announced that it has acquired a global portfolio of more than 150 patents and patent applications from Alvarion (NASDAQ: ALVR) for $19 million. WiLAN believes the portfolio has broad applicability to 4G infrastructure and handsets. "This is an important acquisition that we expect to significantly strengthen our 4G patent portfolio," said Jim Skippen, President & CEO. "Alvarion is one of the world's top suppliers of WiMAX, 4G and LTE systems. It has patented a number of key inventions we believe have relevance to both WiMAX and LTE." About WiLAN WiLAN, founded in 1992, is a leading technology innovation and licensing company. WiLAN has licensed its intellectual property to over 260 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 television 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 information within

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Posted-In: Earnings News Guidance Asset Sales Management Global

 

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