OTTAWA - Wi-LAN Inc. (
TSX:T.WIN,
Stock Forum) said Wednesday that HTC Corp.(
GREY:HTCCY,
Stock Forum) has agreed to sign a deal for a multi-year licence for patents for mobile handsets and tablets sold in the United States.
The deal settles five pending lawsuits between the companies.
Wi-LAN shares closed up 40 cents or about 10 per cent at $4.15 on the Toronto Stock Exchange.
The company, which licenses the rights to patents in its portfolio and earns money through royalty payments, said it expects a definitive agreement with HTC to be signed by the end of October.
Specific financial terms of the deal were not released.
``In taking its first license, HTC will join many other handset makers, including Samsung, LG and Motorola, who recognized the value of the many wireless inventions in our patent portfolio,'' Wi-LAN president and CEO Jim Skippen said.
On Monday, Wi-LAN announced a deal to settle a dispute with Alcatel-Lucent USA Inc. (
NYSE:ALU,
Stock Forum), which received a multi-year licence to certain Wi-LAN patents related to wireless products.
Under a separate agreement, Wi-LAN will acquire a portfolio of patents from Alcatel-Lucent.
Terms and conditions of the two agreements were kept confidential.