Wi-LAN Enters License Agreement With Matsushita Electric
Matsushita licenses Wi-LAN technology for use in Panasonic computers
OTTAWA, ONTARIO, Nov 07, 2007 (MARKET WIRE via COMTEX News Network) -- Wi-LAN
Inc. (TSX: WIN) ("Wi-LAN") today announced that it has signed a five
year licensing agreement with Matsushita Electric Industrial Co., Ltd.
("Matsushita") of Osaka, Japan relating to Wi-LAN's CDMA and Wi-Fi
patents. Under the terms of the agreement, the consideration
from Matsushita will include a per unit amount on all Panasonic
notebook computers utilizing Wi-Fi or CDMA technologies which are sold
in North America while the relevant patents are in effect. Matsushita,
best known for its Panasonic brand, is a worldwide leader in the
development and manufacture of electronics and digital communications
products for a wide range of consumer, business, and industrial needs. "We
are pleased to have licensed Matsushita for the use of Wi-LAN's
intellectual property within its highly acclaimed Panasonic computers,"
said Jim Skippen, President & CEO for Wi-LAN. "Matsushita and
Fujitsu, which are two of the top ten notebook vendors in the U.S.,
have now licensed our technology for use in their notebook computers.
We look forward to licensing the remaining notebook vendors to our
wireless technologies." Wi-LAN has a large and growing portfolio of more than 280 issued or pending patents. About Wi-LAN Inc. Wi-LAN,
founded in 1992, licenses intellectual property that applies to a full
range of electronics and communications products. Some of the
fundamental technologies covered by Wi-LAN's patents include: CDMA,
DOCSIS, DSL, GSM/EDGE, V-chip, Wi-Fi and WiMAX. Wi-LAN has licensed its
intellectual property to a growing number of companies around the
world. For more information: www.wi-lan.com. Forward-looking Information Certain
statements in this release, other than statements of historical fact,
may include forward-looking information that involves various risks and
uncertainties. These may include, without limitation, statements based
on current assumptions and expectations involving a number of risks and
uncertainties related to all aspects of the wireless and wireline
communications industry and the global economy. These risks and
uncertainties include, but are not restricted to: the almost exclusive
reliance of the Company on licensing its patent portfolio to generate
revenues and cash flows; that the Company may be required to establish
the enforceability of its patents in court to obtain material licensing
revenues; that the Company will need to acquire or develop new patents
to continue to grow its business; that the Company requires investment
to translate its intellectual property position into sustainable profit
in the market; that the Company is dependent on the performance of its
key officers and employees; that changes in patent legislation or in
the interpretation or application of patent litigation could materially
adversely affect the Company; and that the Company has and may make
acquisitions of products, technologies or businesses which could
materially adversely affect the Company. These risks and uncertainties
may cause actual results to differ from information contained herein,
when estimates and assumptions have been used to measure and report
results. There can be no assurance that such forward-looking statements
will prove to be accurate. Actual results and future events could
differ materially from those anticipated in such statements. These and
all subsequent written and oral forward-looking statements are based on
the estimates and opinions of management on the dates they are made and
expressly qualified in their entirety by this notice. The Company
assumes no obligation to update forward-looking statements should
circumstances or management's estimates or opinions change. All trademarks and brands mentioned in this release are the property of their respective owners.
Contacts: Wi-LAN Inc. Bill Middleton VP Licensing & General Counsel
O: 613-688-3894 wmiddleton@wi-lan.com Wi-LAN Inc. Steve Bower CFO C:
613.697.7159 O: 613.688.4898 sbower@wi-lan.com SOURCE: Wi-LAN Inc. mailto:wmiddleton@wi-lan.com mailto:sbower@wi-lan.com Copyright 2007 Market Wire, All rights reserved. |