Gladios license agreement settled.
Now with this settled, Gladios can focus fully on Poynts patents.
WiLAN and 01 Communique Announce License Agreement with Bomgar 2 hours ago - ACQUIREMEDIA OTTAWA AND TORONTO, CANADA--(Marketwire - June 11, 2012) - Wi-LAN Inc. ("WiLAN" or the "Company") (TSX:WIN)(NASDAQ:WILN), together with 01 Communique Laboratory Inc. ("01 Communique") (TSX:ONE), today announced that the Company and 01 Communique have entered into a Settlement and Patent License Agreement with Bomgar Corporation ("Bomgar"), which settles all litigation among the parties and provides Bomgar with a license to 01 Communique's US Patent Nos. 6,928,479 and 6,938,076, US Patent App. No. 95/001,018, Canada Patent No. 2,309,398 and certain patents issuing from or claiming priority to the foregoing. This is the first license that has been achieved under the previously announced partnership between WiLAN and 01 Communique. WiLAN's Gladios Division ("Gladios") had day-to-day responsibility for developing the licensing program as per the terms of the agreement with 01 Communique. Gladios partners with patent owners to develop licensing programs. Due to a confidentiality clause in the agreement financial terms have not been disclosed. "This Settlement and Patent License Agreement represents an important milestone for our business," said Andrew Cheung, President and CEO, 01 Communique. "We believe our technology is fundamental and groundbreaking and hope that other companies competing against us will now respect our intellectual property. We are very pleased with the results that were achieved by working closely with WiLAN's Gladios division, which is a testimony to the professionalism and quality of their team. We look forward to continued success and to working closely with the Gladios team on additional programs." "Our partnership with 01 Communique is important for WiLAN and I believe the results we have delivered for them speak to the overall strength of the Gladios partnership model, our licensing program and the expertise of the team," said Michael Vladescu COO, WiLAN. "I am confident that the Gladios program will continue to grow and look forward to reaping rewards for many patent owners in the future."