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WiLAN Subsidiary Acquires Automotive Patent Portfolio

02-Apr-2014 | Source : AG-IP News | Visits : 49169
OTTAWA - Wi-LAN Inc. today announced in a press release that a 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 & CEO. "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 funded through a sharing of net revenues generated by licensing the patents. All other terms of the agreement are confidential.


WiLAN, 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 4,000 issued or pending patents. For more information: www.wilan.com.
 
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