Parties Settle Wireless Patent
Litigation
OTTAWA, Nov. 25, 2019 /PRNewswire/ - Wi-LAN Inc.
("WiLAN"), a Quarterhill Inc. ("Quarterhill") company (TSX: QTRH)
(NASDAQ: QTRH), today announced that WiLAN has entered into a
license agreement and settled all pending wireless patent
litigation with LG Electronics ("LG"). Subject to the license
agreement, LG has obtained a multi-year license to certain WiLAN
patents related to wireless technology. This is the second license
LG has taken to WiLAN's wireless patent portfolio; the first
license LG received from WiLAN was concluded in 2010. The license
fees paid to WiLAN and all other terms of this agreement are
confidential.
As a result of this agreement, civil action 3:18-cv-01577 in the
Southern District of California,
case T-1349-17 in the Federal Courts of Canada and case 7 O 152/17 in the Manheim
Court in Germany all will be
dismissed. Civil action 2:13-cv-04895 in the District Court of
New Jersey, relating to imaging
technologies and television products, is not impacted by this
agreement.
"We are very pleased to have reached a resolution with LG with
respect to our wireless technology patents," said Michael Vladescu, President and CEO of WiLAN.
"We believe this license demonstrates the continued strength and
relevance of WiLAN's wireless portfolio and, in particular, its
relevance to LTE technology used in mobile devices. WiLAN's
wireless patents have been licensed to numerous other mobile device
vendors."
About WiLAN
WiLAN, a Quarterhill company, is one of the most successful
patent monetization companies in the world and partners with its
customers to unlock the value of intellectual property through
various patent monetization models. 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 focused on the disciplined acquisition,
management and growth of companies in dedicated technology areas
including, vertical market software and solutions, intelligent
industrial systems, and innovation and licensing. Quarterhill's
emphasis is on seeking out acquisition opportunities at reasonable
valuations that provide a foundation for recurring revenues,
predictable cash flows and margins, profitable growth, intimate
customer relationships and dedicated management teams. 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 and WiLAN in
light of their experience and their perception of historical
trends, current conditions, expected future developments and the
expected effects of new business strategies, as well as other
factors that Quarterhill and WiLAN believe are appropriate in the
circumstances. Many factors could cause 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
Quarterhill's February 28, 2019
annual information form for the year ended December 31, 2018 (the "AIF"). Copies of the AIF
may be obtained at www.sedar.com and as part of Quarterhill's Form
40-F for the year ended December 31,
2018 filed with the U.S. Securities and Exchange Commission
and available at www.sec.com. 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 or
WiLAN's forward-looking statements. Neither Quarterhill nor WiLAN
has any 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.
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SOURCE Quarterhill Inc.