WiLAN and Subsidiary Sign License with LG Parties Settle Litigation
OTTAWA, ON, March 1, 2021 /CNW/ - Wi-LAN Inc. ("WiLAN"), a Quarterhill Inc. ("Quarterhill") company (TSX: QTRH) (OTCQX: QTRHF), today announced that WiLAN and its wholly-owned subsidiary Polaris Innovations Ltd. ("Polaris") have entered into a license agreement and settled litigation relating to TV and display technologies with LG Electronics ("LG"). The licensed patents are related to memory interface technologies and digital display and TV technologies. The license fees payable by LG and all other terms and conditions of this agreement are confidential.
"We are pleased to have settled the litigation with LG and granted LG licenses to various WiLAN portfolios," said Michael Vladescu, President and CEO of WiLAN. "We continue to see companies wanting to take licenses to our Polaris and TV patent portfolios."