Monday, September 29, 2014 3:58:33 PM
OTTAWA, Canada – September 29, 2014 – Top intellectual property licensing company, WiLAN (TSX:WIN) (NASD:WILN), today announced that a wholly-owned subsidiary of the company has granted Asurion LLC (“Asurion”) a license to certain patents related to data device security. WiLAN secured the rights to license the patents through a licensing partnership agreement executed in August 2013.
The consideration to be paid by Asurion to the WiLAN and all other terms of the license agreement are confidential. All litigation between the parties will be dismissed.
About WiLAN
WiLAN, founded in 1992, is a leading technology innovation and licensing company. WiLAN has licensed its intellectual property to over 285 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. For more information: www.wilan.com.
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