Wi-LAN Signs Additional V-Chip Licenses
OTTAWA, ONTARIO, Dec 11, 2007 (MARKET WIRE via COMTEX News Network) -- Wi-LAN
Inc. (TSX: WIN)("Wi-LAN"), a leading technology licensing company,
today announced that it has signed a license for U.S. Patent 5,828,402
with Homecast Co., Ltd. of Korea and Manhattan Digital of United
States. Wi-LAN also announced it has signed a license for Canadian
Patent 2,179,474 with Qingdao Haier Electronics Co., Ltd., of China.
These licenses contemplate the payment of a running royalty for the
lives of the patents through 2016. Homecast manufactures
set-top-box products for global markets, including products sold under
the Homecast Brand, and is aggressively pursuing the U.S. market by
leveraging the NTIA Converter Box program. Manhattan Digital is an
established satellite equipment provider in the United States. Qingdao
Haier Electronics Co., Ltd., is a division of the Haier Group Company
of China which is the world's 4th largest manufacturer of major
appliances with a diverse product portfolio that includes televisions,
home theatre systems and DVD players. "Since October 31 we have
signed nine licensing agreements for our V-Chip and wireless patented
innovations, a solid testament to the focus and hard work of our
licensing teams," said Wi-LAN President & CEO Jim Skippen. "As our
determined licensing efforts continue, we look forward to announcing
additional agreements in the coming months and remain confident that
our licensing plan will produce positive results for Wi-LAN." 115
licenses have been signed for Wi-LAN's Canadian and/or U.S. V-chip
patents to electronics manufacturers in Korea, Japan, Taiwan, China,
Thailand, Singapore, Hong Kong, Canada and the United States. Wi-LAN has a large and growing portfolio of more than 280 issued or pending patents. About Wi-LAN 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. Tyler Burns Director, Investor Relations and
Communications O: 613-688-4330 C: 613-697-0367 tburns@wi-lan.com SOURCE: Wi-LAN Inc. mailto:tburns@wi-lan.com Copyright 2007 Market Wire, All rights reserved. |