OTTAWA,
June 12, 2017
/PRNewswire/ - Quarterhill Inc. ("Quarterhill") (TSX, NASD:QTRH)
today announced that its wholly-owned subsidiary Wi-LAN Inc.
("WiLAN") has entered into a wireless patent license agreement with
Ericsson.
The license agreement resolves the LTE wireless
litigations pending between WiLAN and Ericsson in the Southern
District of Florida and the
Eastern District of Texas. The consideration and all other
terms of the license agreement are confidential.
About WiLAN
WiLAN is one of the
most successful patent licensing companies in the world and helps
companies unlock the value of intellectual property by managing and
licensing their patent portfolios. The Company operates in a
variety of markets including automotive, digital television,
Internet, medical, semiconductor and wireless communication
technologies. For more information:
www.wilan.com.
About Quarterhill
Quarterhill is a
diversified investment holding company focused on growing its
business by acquiring technology companies in the Industrial
Internet of Things ("IIoT") segment across multiple verticals.
Quarterhill targets companies with a broad range of products and
services that capture, analyze and interpret data, and that have
strong financial performance, excellent management teams, strong
intellectual property underpinnings and significant opportunities
to develop long-term recurring and growing revenue streams.
Quarterhill is listed on the TSX and NASDAQ under the symbol QTRH.
For more information:
www.quarterhill.com.
Forward-looking Information
This
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. Forward-looking statements and forward-looking
information are based on estimates and assumptions made by
Quarterhill in light of its experience and its perception of
historical trends, current conditions, expected future developments
and the expected effects of new business strategies, as well as
other factors that Quarterhill believes are appropriate in the
circumstances. Many factors could cause Quarterhill's actual
performance or achievements to differ materially from those
expressed or implied by the forward-looking statements or
forward-looking information. Such factors include, without
limitation, the risks described in Wi-LAN Inc.'s February 10, 2017 annual information form for the
year ended December 31, 2016 (the
"AIF"). Copies of the AIF may be obtained at
www.sedar.com or
www.sec.gov. Quarterhill recommends that readers
review and consider all of these risk factors and notes that
readers should not place undue reliance on any of Quarterhill's
forward-looking statements. Quarterhill has no intention, and
undertakes no obligation, to update or revise any forward-looking
statements or forward-looking information, whether as a result of
new information, future events or otherwise, except as required by
law.
All trademarks and brands mentioned in this release are
the property of their respective owners.
SOURCE Quarterhill Inc.