Another Wi-lan deal signed
Sensio, Wi-LAN sign new licensing deal
2014-12-01 09:36 ET - News Release
Also News Release (C-WIN) Wi-LAN Inc
Mr. Nicholas Routhier of Sensio reports
WILAN AND SENSIO EXPAND LICENSING PARTNERSHIP
Sensio Technologies Inc. and Wi-LAN Inc. have entered into a new multiyear licensing partnership agreement.
This new agreement builds on the previous agreement signed in 2012. The previous agreement with Wi-LAN resulted in certain Sensio patents being licensed to major TV manufacturers Sony and Panasonic. The new agreement grants Wi-LAN all rights to license a number of additional Sensio patents related to 3-D technologies for digital displays including Sensio S2D Switch technology and technology related to temporal interpolation.
Net revenues generated from licensing of the patents under the new agreement will be shared between Sensio and Wi-LAN. All other terms of the agreement are confidential.
"We are very happy to expand our patent licensing partnership with Wi-LAN," said Nicholas Routhier, president and chief executive officer of Sensio. "We were looking at growing our patent licensing activities, especially pursuant to the recent granting of the temporal interpolation patents. With the great relationship and positive results of our first patent licensing agreement with Wi-LAN, today's new agreement was the only natural conclusion to our endeavour. We are extremely positive with Wi-LAN's ability to maximize the value of our assets and generate value for our shareholders."