Quarterhill Inc T.QTRH

RE:RE:Patents in Auriga vs. Intel (settled)

[shakka]

Here is the response from Dave from this morning. I asked him the same question.



We cant disclose terms of our individual agreements, but I can say that a majority of patent license agreements throughout the industry are lump sum in nature versus multi-year. In addition, new IFRS rules introduced January 1, 2018 mandate that the full value of a patent license agreement, whether it is lump-sum or multi-year, must be recognized in the quarter in which it is completed.

Regards,
Dave 

Dave Mason, CFA
[e-mail]
D: [phone] | M: [phone]

-----Original Message-----
From: ******************************
Sent: October 8, 2020 10:13 AM
To: Dave Mason <[e-mail]>
Subject: Re: This mornings PR

Ok great

Is Intel a 1 time payment or multi year?

Thx,

Shak