Quarterhill Inc T.QTRH

There goes Apple...

[Joske]

Parties Settle All Pending Litigations

WiLAN and Apple Sign License Agreement

 

 

OTTAWA, ON , March 22, 2022 /CNW/ - Quarterhill Inc. ("Quarterhill") (TSX: QTRH) (OTCQX: QTRHF) subsidiary Wi–LAN Inc. ("WiLAN") and WiLAN's subsidiary Polaris Innovations Limited ("Polaris") today announced a new patent license agreement (the "Agreement") with Apple Inc. ("Apple").

The Agreement also includes the settlement and dismissal of all litigation pending between WiLAN and Polaris and Apple in the United States , Canada and Germany .

The specific consideration payable under the Agreement and all other terms and conditions are confidential.

 

[Joske]

The timing of this PR makes you wonder why they changed the release of Q4 numbers with one day...

[Possibleidiot01]

Lack of details is disturbing , wonder when details would show up in financials or other documents in Sedar?

[v_guerriero]

Congrats to all longs! The sale process for WiLan can now go ahead. You get an agreement without any specifics to the financial implications to Quarterhill.  Was it for $10Million to enable the sale process?  Was it the same as Samsung for $35 million?  what does "specific consideration payable" mean? How much does McKool Smith get now that it is a settlement

[OutOfOptions]

It's likely to be in the 80-100M range, and much like most other deals, have contingent consideration to pay.  If I were to guess, 60-80M usd margin.