News Release Details

Wi-LAN Announces Executive Changes

02/24/2005

 

William Dunbar Appointed CEO Effective Immediately; Hatim Zaghloul Resigns Executive Responsibilities but Retains Chairman Role

CALGARY, Canada - February 24, 2005 - Wi-LAN Inc. (TSX:WIN), a global provider of broadband wireless communications products and technologies, today announced that Mr. William (Bill) Dunbar, C.M., has been appointed President and Chief Executive Officer. Mr. Dunbar, Chairman of the Compensation Committee of Wi-LAN’s Board replaces Dr. Sayed-Amr (Sisso) El-Hamamsy as President and CEO. Dr. Hatim Zaghloul will remain as Chairman of the Board, but will no longer have any executive responsibilities at Wi-LAN.

"The Board would like to take this opportunity to thank Sisso for his dedicated service to Wi-LAN over the past four years," said Bill Hews, Chairman of the Corporate Governance Committee of Wi-LAN’s Board. "Sisso led Wi-LAN through some very challenging times. During his tenure the company has made major strides forward in supply chain operations and product design, and, more recently, sales and marketing capability. The Board felt it was appropriate to make a change as we move into the next phase of Wi-LAN’s development, with WiMAX and all the challenges that it will bring. We are confident that Wi-LAN’s talented and seasoned team, under Bill Dunbar’s guidance, will continue to advance the best interests of Wi-LAN’s customers, employees and shareholders."

"Wi-LAN has been a very exciting experience for the past thirteen years, and I look forward to seeing the company prosper and grow under Bill Dunbar’s leadership," said Dr. Hatim Zaghloul, Chairman of the Board of Wi-LAN. "Bill has been a Director on the Board for six years and has a strong understanding of the business and the Company."

"I have great confidence in the employees of Wi-LAN, and I look forward to leading them through this transition," said William Dunbar.

William Dunbar has forty years of experience in the Canadian and International telecommunications industry. Mr. Dunbar has previously held the office of President and CEO of Northwestel Inc. and WIC Connexus Inc. Under his guidance, Northwestel purchased the telecommunications operations for the eastern Northwest Territories from Bell Canada in 1992. WIC ConneXus was the Local Multipoint Distribution System (LMDS) license holder for 33 city markets in Canada including Toronto, Vancouver and Edmonton. Mr. Dunbar led this startup company through its early stages arranging investors, vendor selection, vendor financing, and supply agreement to enable the company to enter the Competitive Local Exchange market in its licensed cities. This plan did not proceed due to a change in control of the parent company. In addition, Mr. Dunbar was the Chief Operating Officer of Vesper S.A., a Bell Canada International investment and a major Brazilian telecommunications company, during its critical startup phase, implementing telecommunications systems in 29 cities over 16 states, and growing the company from startup to over 2,000 employees.

In 1995 Mr. Dunbar became a member of the Order of Canada.

About Wi-LAN Inc.
Wi-LAN is a global provider of broadband wireless communications products and technologies, offering businesses, including telecom service providers, and government enterprises effective, economic and secure wireless high-speed communications solutions. Wi-LAN specializes in high-speed Internet access, data network extension, wireless Voice-over-IP, and wireless data and telephony backhaul, utilizing its high quality products and industry-leading technologies. Wi-LAN’s broadband wireless solutions feature an all-inclusive 2-year parts and labor warranty and are supported by 24/7 customer service.

Wi-LAN believes its portfolio of patents, including its core W-OFDM patents and 17 patents and patent applications acquired from Ensemble Communications in May 2004, are necessary for the implementation of devices using the IEEE 802.16 WirelessMAN Standard (1) and the ETSI BRAN HiperMAN(1) standard (the WiMAX Forum(1) standards). As well, Wi-LAN’s W-OFDM patents are believed to be required for the implementation of devices using the IEEE standards 802.11a and 802.11g (the 2nd generation Wi-Fi Alliance(1) standards), and the ETSI BRAN HiperLAN/2(1) standard. Wi-LAN licenses its patented technology and has executed non-exclusive W-OFDM license agreements with semiconductor and broadband wireless equipment companies.

Wi-LAN is the chair company of the OFDM Forum and a charter member of the WiMAX Forum (www.wimaxforum.org). Wi-LAN's common shares trade on The Toronto Stock Exchange under the symbol "WIN." Detailed information on Wi-LAN can be found at www.wilan.com.

(1) All trademarks and brands mentioned in this release are the property of their respective owners.

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