(Calgary, Alberta - September 26, 2001) - Wi-LAN Inc. (TSE:WIN), an innovator of high-speed wireless data/Internet communications, announced that due to recent market activity, the company’s management is commenting on its third quarter results.

Recent articles in the press have reported that "if [Wi-LAN] can't raise enough cash, there is substantial doubt as to the company's ability to continue as a going concern." This statement was extracted, with some editorializing, from the going concern disclosure included in the company’s notes to the July 31, 2001 financial statements, and similar disclosure has been included in the notes in prior financial statements of the company. This statement is essentially a standard disclaimer that was quoted out of context, as a statement of management, and hence was misleading.

As stated in the third quarter press release of September 24, Wi-LAN expects to maintain a minimum cash balance of $3 million over the next 12 months. We expect to do this without recourse to external financing sources by continuing to grow sales, reduce expenditures, and sell non-core assets. We continue to support our wireless revenue guidance of $8 to $10 million for the three months ended October 31, 2001; we have restructured to reduce our monthly expenses by approximately $2 million per month; we have taken the decision to sell a portion of the DTS Asurent operation; and we will take any other actions appropriate to ensure our success.

Also, recent press coverage has focused on financial amounts that are consolidated with our majority-owned subsidiary, DTS and include many one-time adjustments. The consolidated numbers are negatively impacted by DTS, but Wi-LAN’s relationship with DTS is that of a shareholder only.
Wi-LAN does not financially support DTS and has no legal obligation to do so. Wi-LAN’s cash position, excluding DTS, was $8.7 million at July 31, 2001. Wi-LAN’S working capital position, excluding DTS, was $20.7 million at July 31, 2001. Other key financial numbers reported in the September 24 press release, excluding DTS and one-time items are as follows:

Wi-LAN Inc. (excluding DTS and one-time items)
All figures in Canadian dollars

	2001	2000
3rd Quarter July 31:
Revenues	C$7,574,000	C$3,528,000
Operating income	(9,023,000)	(6,113,000)

The impact of the corporate restructuring, which is expected to reduce monthly expenses by $2 million per month, is not reflected in the financial statements of July 31, 2001 because the actions were taken very near or after the end of the reporting period.


9 months:
Revenues	19,443,000	9,239,000
Operating income	(24,354,000)	(10,713,000)