News Release Details

Wi-LAN Subsidiary Sells Division

10/11/2001


DTS Liquidates Repair Services Division and Certain Other Assets to Pay Down Debt



(CALGARY, Canada and DULUTH, Georgia - October 11, 2001) - Wi-LAN Inc. (TSE: WIN), a global innovator in the field of high-speed wireless data communications, today announced that its subsidiary Digital Transmission Systems (DTS) (OTC BB: DTSX) has entered into an agreement in which Somera Communications (Nasdaq: SMRA) acquired certain assets, including certain equipment and inventory, and assumed certain liabilities related to the repair business, of Asurent Technologies, a wholly owned subsidiary of DTS.

"We stated in our third quarter report that we had made the decision to dispose of a portion of the Asurent operations owned by DTS," said Dr. Hatim Zaghloul, President, Chairman, and CEO, 
Wi-LAN. "With this transaction, we have now acted upon that decision."

Under the agreement, Somera is expected to pay approximately US$6 million in cash, most of which will be used to pay secured creditors of the assets. Asurent Technologies will remain a subsidiary of DTS, and will continue to manage the balance of assets and liabilities.

"The sale of the Asurent assets was anticipated through non-cash special charges and asset write-downs recorded in the third quarter consolidated financial results of Wi-LAN," said Steve Bellamy, Chief Financial Officer, Wi-LAN. "Although it has no impact on our core wireless operations, we are pleased to see this transaction close because it will enhance Wi-LAN's consolidated financial results going forward."

In March 2000, Telcor Communications Inc. was purchased by DTS, and after restructuring the company and installing a new management team, two wholly-owned subsidiaries were created: Asurent Wireless Inc. and Asurent Technologies Inc. Asurent Technologies focuses on new and de-installed equipment sales, as well as test, repair, and asset recovery services for wireless networking applications. 

"The downturn in the telecom equipment market has made it increasingly difficult to implement our plans to expand Asurent Technologies and align it more closely with Asurent Wireless," said Andy Salazar, Chief Executive Office of DTS. "This transaction will allow us to focus on the future success of Asurent Wireless by winding down the remaining operations of Asurent Technologies in an orderly fashion."

About DTS
DTS provides the telecommunications industry with a wide range of products and services through its wholly-owned subsidiaries Asurent Wireless, Inc. and Asurent Technologies, Inc. DTS and its subsidiaries are based in Duluth, Georgia - a suburb of Atlanta. Asurent Wireless develops and delivers network access products while Asurent Technologies has traditionally sold new and de-installed wireless networking equipment. Primary customers for both subsidiaries include domestic and international wireless service providers, telephone service companies and private wireless network users. Asurent Wireless’ products include the FlexT1® (domestic) and FlexE1™ (international) integrated network access product lines, microFlexTM cross connect switch and InterFlexTM. DTS is 51% owned by Wi-LAN Inc. For more information about DTS and its products, call 1-800-FLEX-DTS (1-800-353-9387) or visit the corporate Web site at www.asurent.com.

With our Interactive Analyst Center (IAC), historical financial data, both quarterly and annual, is available in an easy to access spreadsheet format. View and export our financial statements, non-GAAP reconciliations as well as share information.

Disclaimer

Please note that you are now entering a website directly or indirectly maintained by a third party (the "External Site") and that you do so at your own risk.

Wi-LAN Inc. and its affiliates (“WIN”) have no control over the External Site, any data or other content contained therein or any additional linked websites. The link to the External Site is provided for convenience purposes only.

By clicking “Accept” you acknowledge and agree that neither WIN nor third party provider Virtua Research, Inc. (“Virtua) is responsible, or accepts or assumes any responsibility or liability whatsoever for, the content, the data or the technical operation of the Linked Site. Further, by entering the External Site, you also acknowledge and agree that you completely and irrevocably waive any and all rights and claims against WIN and Virtua and further acknowledge and agree that in no event shall WIN or Virtua, or their respective officers, employees, directors and agents be liable for any (i) indirect, consequential, incidental, special, compensatory or punitive damages, (ii) damages for loss of income, loss of business profits, business interruption, loss of data or business information, loss of or damage to property, (iii) claims of third parties, or (iv) other pecuniary loss, arising out of or related to the Legal Notice, this disclaimer or the External Site

By entering the External Site, you further acknowledge and agree that the disclaimer of warranties and limitations of liability set out in this disclaimer shall apply regardless of the causes, circumstances or form of action giving rise to the loss, damage, claim or liability, even if such loss, damage, claim or liability is based upon breach of contract (including, without limitation, a claim of fundamental breach or breach of a fundamental term), tort (including, without limitation, negligence), strict liability or any other legal or equitable theory, and even if WIN and Virtua are advised of the possibility of the loss, damage, claim or liability. The waiver and release specifically includes, without limitation, any and all rights and claims pertaining to the processing of personal data, including but not limited to any rights under any applicable data protection statute(s).

If in any jurisdiction, any part of this disclaimer is held to be unenforceable by a court of competent jurisdiction, such part of this disclaimer shall be restricted or eliminated to the minimum extent and the remaining disclaimer shall otherwise remain in full force and effect.

Please note the information presented is deemed representative at the time of its original release. Changes in historical information may occur due to adjustments in accounting and reporting standards & procedures.

Non-GAAP Information

In addition to disclosing results determined in accordance with GAAP, WIN may also disclose certain non-GAAP and pro forma non-GAAP results of operations, including certain ratios, operational and miscellaneous data, as well as net income, diluted earnings per share, operating expenses, and operating income that make certain adjustments or exclude certain charges and gains that are outlined in the schedules included in this website. Management believes that this non-GAAP and pro forma non-GAAP information provides investors with additional information to assess WIN operating performance by making certain adjustments or excluding costs or gains and assists investors in comparing WIN's operating performance to prior periods. Management uses this non-GAAP and pro forma non-GAAP information, along with GAAP information, in evaluating its historical operating performance. WIN and Virtua also take no responsibility for third party pricing data provided for informational purposes and certain ratio results formulated from the provided third party pricing data.

The non-GAAP information is not prepared in accordance with GAAP and may not be comparable to non-GAAP information used by other companies. The non-GAAP information should not be viewed as a substitute for, or superior to, other data prepared in accordance with GAAP.

Decline Agree

Copyright © . All rights reserved. Q4 Web Systems