WirelessDevNet.com Press Release
WiLAN Enters into License and Settlement Agreement with Novatel Wireless
Wi-LAN Inc. ("WiLAN" or the "Company") (TSX:WIN) (NASDAQ:WILN) today announced that WiLAN and Novatel Wireless, Inc. ("Novatel Wireless") have entered into a patent license agreement and settled all pending patent litigation.
Under the license agreement, Novatel Wireless has been granted a license related to certain WiLAN patents. As a result, all litigation between the companies in Texas will be dismissed with prejudice. Specific financial terms of the agreement reached are confidential.
WiLAN, founded in 1992, is a leading technology innovation and licensing company. WiLAN has licensed its intellectual property to over 270 companies worldwide. Inventions in our portfolio have been licensed by companies that manufacture or sell a wide range of communication and consumer electronics products including 3G and 4G handsets, Wi-Fi-enabled laptops, Wi-Fi and broadband routers, xDSL infrastructure equipment, cellular base stations and digital TV receivers. WiLAN has a large and growing portfolio of more than 3,000 issued or pending patents. For more information: www.wilan.com