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WiLAN, Hewlett-Packard Enter into License and Settlement Agreement

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Wi-LAN (NASDAQ: WILN) today announced that WiLAN and Hewlett-Packard (NYSE: HPQ) have entered into a patent license agreement and settled all pending patent litigation.Under the license agreement, HP has been granted a license related to certain WiLAN patents and HP wireless products. As a result, all litigation between the companies in Texas will be dismissed with prejudice. Specific financial terms of the agreement reached are confidential.About WiLANWiLAN, founded in 1992, is a leading technology innovation and licensing company. WiLAN has licensed its intellectual property to over 270 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 InformationThis news release contains forward-looking statements and forward-looking information within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and other United States and Canadian securities laws. The phrases "will be" and similar terms

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Posted-In: Earnings News Guidance Management M&A Global

 

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