Acer just settled!!!!WiLAN Provides Settlement Update
OTTAWA, Canada – January 26, 2011 – Wi-LAN Inc. (“WiLAN” or the “Company”) (TSX:WIN), a leading technology innovation and licensing company, today announced that the Company has concluded a definitive license agreement with Intel Corporation (“Intel”). The agreement is pursuant to the memorandum of understanding between WiLAN and Intel which was announced in a press release issued by the Company on January 14, 2011.
WiLAN also announced that the Company has reached a memorandum of understanding with Acer, Inc. (“Acer”). The agreement includes the dismissal of all litigations between the companies. WiLAN expects a final definitive agreement to be signed within the next few weeks. The amounts to be paid by Acer and other terms of the agreement reached are confidential.