OTTAWA, June 13, 2017 /CNW/ - Quarterhill Inc. ("Quarterhill")
(TSX, NASD:QTRH) today announced that its wholly-owned subsidiary Wi-LAN Inc. ("WiLAN") has entered into a patent license
agreement with Amazon.com Inc.
The license resolves litigation pending in Germany. The consideration paid to WiLAN 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.
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