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WiLAN and Sierra Wireless Reach Agreement to Settle Litigations
OTTAWA, CANADA--(Marketwired - Oct. 10, 2013) - Wi-LAN Inc. ("WiLAN" or the "Company") (TSX:WIN)(NASDAQ:WILN) today announced that WiLAN and Sierra Wireless Inc. ("Sierra Wireless") have signed a binding memorandum of understanding in which Sierra Wireless has agreed to enter into a multi-year license to WiLAN's patent portfolio. As part of the agreement, all litigations between WiLAN and Sierra Wireless and its subsidiaries 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.
About WiLAN
WiLAN, founded in 1992, is a leading technology innovation and licensing company. WiLAN has licensed its intellectual property to over 270 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. WiLAN has a large and growing portfolio of more than 3,000 issued or pending patents. For more information: www.wilan.com.

http://www.marketwired.com/press-release/wilan-and-sierra-wireless-reach-agreement-to-settle-litigations-tsx-win-1840058.htm