News Release Details

Wi-LAN Technology Corporation acquires substantial assets of Ensemble Communications

03/24/2006

 

Agreement relieves company of large royalty commitment

CALGARY, Canada - March 24, 2006 - Wi-LAN Technologies Corporation, the newly created patent licensing subsidiary of Wi-LAN Inc. (Wi-LAN or "the Company") (TSX:WIN), today announced the purchase of substantially all of the assets of Ensemble Communications Inc., based in La Jolla, California. This transaction is consistent with the Company ’s strategy to focus its core business on its patent portfolio.

Under the terms of the agreement, Wi-LAN buys back the patent purchase and royalty commitment executed between Wi-LAN and Ensemble in 2004, which provided Wi-LAN with its current WiMax MAC patents. As part of the prior deal, Ensemble acquired licensing rights to the Wi-LAN patent portfolio, and significant revenue sharing on any licenses Wi-LAN sold in the future. Today’s announcement in effect relieves the Company of these commitments. Wi-LAN also receives inventors’ files, drawings and notes for other technology Ensemble was working on prior to its wind-up in 2004, as well as a license to a number of additional patents that are complementary to Wi-LAN's current portfolio.

"As Wi-LAN continues to aggressively change its business plan to leverage its core assets, the removal of a license to our patent portfolio and the removal of revenue sharing provisions to Ensemble sets the stage for Wi-LAN’s licensing initiatives, which are already formalized and well underway," said Bill Dunbar, President and CEO, Wi-LAN Inc. "Wi-LAN Technologies Corp. is the vehicle that will be negotiating licenses with companies in a number of markets this year that utilize Wi-LAN's many patented technologies including its fundamental US and Canadian patents in OFDM technology, and its global WiMax MAC patents.  We will be making further announcements in this area imminently."

Ensemble Communications will receive consideration for the transaction of 2,000,000 Wi-LAN common shares upon closing which is expected on March 31, 2006.

About Wi-LAN Inc.

Wi-LAN is transforming itself into a company focusing and capitalizing on the value of its patent portfolio. Its focus and assets are central to the WLAN and WiMAX markets where the Company believes its patented technology is necessary for devices using the IEEE 802.11a and 802.11g standards (the 2 nd generation Wi-Fi Alliance standards) and the implementation of WiMAX Forum Certified devices.

Wi-LAN is a charter member of the WiMAX Forum ( www.wimaxforum.org). Additional information on Wi-LAN can be found at www.WiLAN.com.

Forward Looking Information

Certain statements in this release, other than statements of historical fact, may include forward-looking information that involves various risks and uncertainties. These may include, without limitation, statements based on current expectations involving a number of risks and uncertainties related to all aspects of the wireless communications industry. These risks and uncertainties include, but are not restricted to, continued increased demand for the Company's products, the Company's ability to maintain its technological leadership in the field of high-speed wireless communications, the Company's ability to attract and retain key employees, the enforceability of the Company's patents, and the availability of key components.

These uncertainties may cause actual results to differ from information contained herein. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice. The Company assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change.

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

- ## -

For more information please contact:

Wi-LAN Inc.
Amir Nayeri
Genoa Management
1-866-430-6247
info@genoa.ca

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