Quarterhill Inc (QTRHF)

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WiLAN Subsidiary Acquires Patents From HP

11/06/2014
OTTAWA, CANADA--(Marketwired - Nov. 6, 2014) - Top intellectual property licensing company, WiLAN (TSX:WIN) (NASDAQ:WILN), today announced that a wholly-owned subsidiary of the company has acquired from Hewlett-Packard ("HP"), a number of patents related to lighting and building systems technologies.

"We are very pleased to have completed this first patent transaction with HP," said Jim Skippen, President & CEO. "With a long history of technology and product innovation, HP has established a very large and valuable patent portfolio covering a broad range of technologies. We believe this could be the first of many opportunities to work with HP to help them optimize the value of their patent portfolio."

The terms of the acquisition agreement are confidential though WiLAN can confirm that it does not consider the amount to be paid for the portfolio to be material relative to its current cash position.

http://wilan.com/news/news-releases/news-release-details/2014/WiLAN-Subsidiary-Acquires-Patents-From-HP/default.aspx