InvestorsHub Logo
Followers 12
Posts 1867
Boards Moderated 0
Alias Born 05/29/2002

Re: postyle post# 678

Wednesday, 09/18/2013 3:00:38 PM

Wednesday, September 18, 2013 3:00:38 PM

Post# of 849
WiLAN and HTC Reach Agreement to End Litigations

OTTAWA, Canada – September 18, 2013 – Wi-LAN Inc. (“WiLAN” or the “Company”) (TSX:WIN) (NASD:WILN) today announced that HTC Corporation (“HTC”) and WiLAN have signed a binding memorandum of understanding in which HTC has agreed to enter into a multi-year license to certain WiLAN patents for mobile handsets and tablets sold within the United States. As part of the agreement, all five of the pending litigations between HTC and WiLAN will be resolved.

WiLAN expects a definitive agreement to be executed by the end of October 2013. Specific financial terms of the agreement reached are confidential.

“We are pleased to have reached this agreement with HTC,” said Jim Skippen, President & CEO. “In taking its first license, HTC will join many other handset makers, including Samsung, LG, and Motorola, who recognized the value of the many wireless inventions in our patent portfolio.”


I wanted to see if you were online today
and yes, there you are looking back at me!

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent QTRHF News