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.”
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