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Quarterhill Inc T.QTRH

Alternate Symbol(s):  QTRHF | T.QTRH.DB

Quarterhill Inc. is a Canada-based company, which is engaged in providing of tolling and enforcement solutions in the intelligent transportation system (ITS) industry. The Company is focused on the acquisition, management and growth of companies that provide integrated, tolling and mobility systems and solutions to the ITS industry as well as its adjacent markets. The Company’s solutions include congestion charging, performance management, insights & analytics, analytics, toll interoperability, mobility marketplace, maintenance, e-screening, tire anomaly detection, multi-modal data, intersection management, and others. Its tolling includes roadside technologies, commerce and mobility platforms, audit and enforcement, and tolling services. Its safety and enforcement comprise commercial vehicles, automated enforcement, freight mobility, smart transportation, and data solutions. The Company’s wholly owned subsidiary is International Road Dynamics Inc.


TSX:QTRH - Post by User

Bullboard Posts
Post by xanada2on Dec 22, 2010 1:09pm
775 Views
Post# 17883247

News release contents...

News release contents...

WiLAN and LG Settle Wireless Patent Litigation

OTTAWA, Canada – December 22, 2010 – Wi-LAN Inc. (“WiLAN” or the “Company”) (TSX:WIN), a

leading technology innovation and licensing company, today announced that WiLAN has settled all

pending wireless patent litigation with LG Electronics Mobilecomm U.S.A., Inc. and LG Electronics,

Inc. (collectively, “LG”). As a result of the settlement, LG has obtained a multi-year license to certain

patents of WiLAN. LG will make a series of fixed cash payments to WiLAN. Other terms of the

agreement are confidential.

LG is the 12th cellular handset manufacturer to take a license from WiLAN.

As a result of this settlement, civil actions 2:08-cv-247, 2:10-cv-124 and 6:10-cv-521 filed by WiLAN

against LG in the U.S. District Court for the Eastern District of Texas will be dismissed. Civil action

10-cv-432, involving WiLAN’s V-Chip technology, filed by WiLAN against LG Electronics, Inc. and

LG Electronics U.S.A., Inc. in the U.S. District Court for the Southern District of New York will

continue.

Prior to disclosure of this settlement, the underwriters in WiLAN’s recent bought deal of up to

5,625,000 common shares confirmed that they have fully completed their draw down under the overallotment

option and purchased an additional 116,300 common shares from the Company.

Bullboard Posts