OTTAWA,
ON, July 6, 2022 /CNW/ - Quarterhill Inc.
("Quarterhill") (TSX: QTRH) (OTCQX: QTRHF) subsidiary Wi‐LAN Inc.
("WiLAN") today announced that it has entered into a license
agreement with a company in the automotive industry. The
licensed patents relate to wireless technology.
"We are very pleased to have now signed a second major
automotive maker to our wireless technology patents," said
Andrew Parolin, President and CEO of
WiLAN. "We believe this license demonstrates the continued strength
of WiLAN's wireless portfolio and, in particular, its relevance to
LTE and 5G technology used in many vehicles today."
The license fees payable to WiLAN and all other terms and
conditions of this agreement are confidential.
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. WiLAN 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 leading provider of tolling and enforcement
solutions in the Intelligent Transportation System (ITS) industry,
as well as, through its Wi-LAN Inc. subsidiary, a leader in
Intellectual Property licensing. Our goal is global leadership in
ITS, via organic growth of the Electronic Transaction Consultants,
LLC (ETC) and International Road Dynamics, Inc. (IRD) platforms,
and by continuing an acquisition-oriented investment strategy that
capitalizes on attractive growth opportunities within ITS and its
adjacent markets. Quarterhill is listed on the TSX under the symbol
QTRH and on the OTCQX Best Market under the symbol QTRHF. For more
information: www.quarterhill.com
All trademarks and brands
mentioned in this release are the property of their respective
owners.
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SOURCE Quarterhill Inc.