OTTAWA , June 12, 2017 /CNW/ - Quarterhill Inc.
("Quarterhill") (TSX, NASD:QTRH) today announced that its wholly-owned subsidiary Wi-LAN Inc. ("WiLAN") has entered into a
wireless patent license agreement with Ericsson.
The license agreement resolves the LTE wireless litigations pending between WiLAN and Ericsson in the Southern District
of Florida and the Eastern District of Texas. The consideration and all other terms of the
license agreement are confidential.
About WiLAN
WiLAN is one of the most successful patent licensing companies in the world and helps companies unlock the
value of intellectual property by managing and licensing their patent portfolios. The Company operates in a variety of
markets including automotive, digital television, Internet, medical, semiconductor and wireless communication technologies.
For more information: www.wilan.com
.
About Quarterhill
Quarterhill is a diversified investment holding company focused on growing its business by acquiring
technology companies in the Industrial Internet of Things ("IIoT") segment across multiple verticals. Quarterhill targets
companies with a broad range of products and services that capture, analyze and interpret data, and that have strong financial
performance, excellent management teams, strong intellectual property underpinnings and significant opportunities to develop
long-term recurring and growing revenue streams. Quarterhill is listed on the TSX and NASDAQ under the symbol QTRH. For more
information: www.quarterhill.com
.
Forward-looking Information
This news release contains forward-looking statements and forward-looking information within the meaning of
the U.S. Private Securities Litigation Reform Act of 1995 and other United States and Canadian
securities laws. Forward-looking statements and forward-looking information are based on estimates and assumptions made by
Quarterhill in light of its experience and its perception of historical trends, current conditions, expected future developments
and the expected effects of new business strategies, as well as other factors that Quarterhill believes are appropriate in the
circumstances. Many factors could cause Quarterhill's actual performance or achievements to differ materially from those
expressed or implied by the forward-looking statements or forward-looking information. Such factors include, without limitation,
the risks described in Wi-LAN Inc.'s February 10, 2017 annual information form for the year ended
December 31, 2016 (the "AIF"). Copies of the AIF may be obtained at www.sedar.com or www.sec.gov . Quarterhill recommends that readers review and consider
all of these risk factors and notes that readers should not place undue reliance on any of Quarterhill's forward-looking
statements. Quarterhill has no intention, and undertakes no obligation, to update or revise any forward-looking statements or
forward-looking information, whether as a result of new information, future events or otherwise, except as required by
law.
All trademarks and brands mentioned in this release are the property of their respective owners.
SOURCE Quarterhill Inc.
View original content: http://www.newswire.ca/en/releases/archive/June2017/12/c2480.html