OTTAWA,
Canada – January 14, 2011 – Wi-LAN Inc. (“WiLAN” or the
“Company”) (TSX:WIN), a leading technology innovation and licensing
company, today announced that Intel Corporation (“Intel”) and WiLAN have
signed a memorandum of understanding which calls for Intel to take a
multi-year license to WiLAN’s patent portfolio and to make a series of
payments to WiLAN.
The agreement will
include the dismissal of all litigations between the companies in the U.S.
District Court for the Eastern District of Texas and in the U.S. District
Court for the Northern District of California. WiLAN expects
a final definitive agreement to be signed within the next few weeks.
Specific financial terms of the agreement reached are
confidential.
About
WiLAN
WiLAN, founded in 1992, is a
leading technology innovation and licensing company. WiLAN has licensed
its intellectual property to over 240 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 cellular
handsets, Wi-Fi-enabled laptops, Wi-Fi/DSL routers, xDSL infrastructure
equipment, WiMAX base stations and digital television receivers. WiLAN
has a large and growing portfolio of more than 970 issued or pending patents.
For more information: www.wilan.com.
Forward-looking Information
Certain statements in this release, other than statements of historical
fact, may include forward-looking information that involves various risks and
uncertainties that face the Company; such statements may contain such words as
“may”, “would”, “could”, “will”, “intend”, “plan”,
“anticipate”, “believe”, “estimate”, “expect” and similar
expressions, and may be based on management’s current assumptions and
expectations related to all aspects of the wireless and wireline
telecommunications industries and the global economy. Risks and
uncertainties that may face the Company include, but are not restricted to:
licensing of the Company’s patents can take an extremely long time and may
be subject to variable cycles; the Company is currently reliant on licensees
paying royalties under existing licensing agreements and additional licensing
of its patent portfolio to generate future revenues and increased cash flows;
the Company’s revenues may fluctuate based on individual licensees’ growth
and success rates in their respective markets, the impact of seasonality and
other market factors on individual licensees’ businesses and other factors
outside of the Company’s control; the Company’s revenues can vary
significantly from quarter to quarter depending upon the type of royalty
agreement with licensees, the timing of royalty reporting by licensees and
fluctuations in foreign currency; the Company may be required to establish the
enforceability of its patents in court in order to obtain material licensing
revenues; changes in patent laws or in the interpretation or application of
patent laws could materially adversely affect the Company; a court may
determine that certain of the Company’s patents are not infringed by certain
standards or products or may disagree with management with respect to
whether one or more of the Company’s patents apply to certain standards or
products, which could adversely affect the Company; certain of the Company’s
patents are, and others may be, subject to administrative proceedings that
could invalidate or limit the scope of those patents; the Company will need to
acquire or develop new patents to continue and grow its business; fluctuations
in foreign exchange rates impact and may continue to impact the Company’s
revenues and operating expenses, potentially adversely affecting financial
results; the Company has made and may make acquisitions of technologies or
businesses which could materially adversely affect the Company; the Company
may require investment to translate its intellectual property position into
sustainable profit in the market; the generation of future V-Chip revenues and
the likelihood of the Company signing additional V-Chip licenses could be
negatively impacted by changes in government regulation; the Company is
dependent on its key officers and employees; the price of the Company’s
common shares is volatile and subject to market fluctuation; and the Company
may be negatively affected by reduced consumer spending due to the uncertainty
of economic and geopolitical conditions. These risks and uncertainties
may cause actual results to differ from information contained in this release,
when estimates and assumptions have been used to measure, predict and/or
report results. There can be no assurance that any statements of
forward-looking information contained in this release will prove to be
accurate. Actual results and future events could differ materially from
those anticipated in such statements. These and all subsequent written
and oral statements containing forward-looking information are based on the
estimates and opinions of management on the dates they are made and expressly
qualified in their entirety by this notice. Except as required by
applicable laws, the Company assumes no obligation to update forward-looking
statements should circumstances or management's estimates or opinions change.
Readers are cautioned not to place undue reliance on any statements of
forward-looking information that speak only as of the date of this release.
Additional information identifying risks and uncertainties relating to the
Company’s business are contained under the heading “Risk Factors” in
WiLAN’s current Annual Information Form and its other filings with the
various Canadian securities regulators which are available online at
www.sedar.com.
This press release does not
constitute an offer to sell or a solicitation of an offer to buy any securities
in the United States.
All trademarks and brands
mentioned in this release are the property of their respective owners.
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For more information, please contact:
Tyler Burns
Director, Investor Relations & Communications
O: 613.688.4330
C: 613.697.0367
E: tburns@wilan.com