07:48:30 EDT Sun 05 May 2024
Enter Symbol
or Name
USA
CA



Wi-LAN Inc
Symbol WIN
Shares Issued 119,914,515
Close 2014-03-31 C$ 3.30
Market Cap C$ 395,717,900
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Wi-LAN unit acquires patents for headlights

2014-04-01 14:12 ET - News Release

Mr. Jim Skippen reports

WILAN SUBSIDIARY ACQUIRES AUTOMOTIVE PATENT PORTFOLIO

A Wi-LAN Inc. subsidiary has acquired a patent portfolio that relates to technology used in automotive headlights.

"We are very pleased to have completed this acquisition," said Jim Skippen, president and chief executive officer. "This is our first acquisition in the automotive market, a market in which we see significant opportunity. Like the recent partnership with Panasonic, which anchors our new semiconductor licensing program, our drive into the automotive market continues our efforts to diversify and grow our business."

The acquisition of this portfolio will be financed through a sharing of net revenues generated by licensing the patents. All other terms of the agreement are confidential.

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