OTTAWA _
Wi-LAN Inc. (
TSX: T.WIN,
Stock Forum) has announced settlement deals with two well-known American companies, the latest in a recent spate of such agreements.
In its latest announcement Tuesday, the Ottawa-based patent-licensing firm said settlements had been reached with both Hewlett-Packard Co. (
NYSE: HPQ,
Stock Forum) and Novatel Wireless Inc. (
NASDAQ: NVTL,
Stock Forum).
The deals end litigation with both California-based companies.
Financial terms were not disclosed.
Last week, Wi-LAN Inc. announced a settlement deal with
Sierra Wireless Inc. (
TSX: T.SW,
Stock Forum), a day after disclosing a deal with
BlackBerry (
TSX: T.BB,
Stock Forum).
Wi-LAN, founded in 1992, has licensed its intellectual property to more than 270 companies worldwide that manufacture or sell a wide range of communication and consumer electronics products.