Company confirms ten new companies licensed at mid-point in fourth quarter
OTTAWA, Canada – September 22, 2008 – Wi-LAN Inc. (“Wi-LAN” or the “Company”) (TSX:WIN), a leading technology innovation and licensing company, today announced that the Company’s strong licensing momentum continues in the fourth quarter with the signing of ten licenses at the mid-point in the quarter. Companies that have signed license agreements for wireless-related patents this quarter include Research in Motion. V-chip-related patents have been licensed by Kontech Group Co., Ltd., Imation Enterprises Corp., AccessHD Ltd. and Taiwan G.Credit Electronic Co., Ltd. In addition, during the fourth quarter Wi-LAN has signed license agreements for DSL-related technologies with two prominent DSL modem and DSLAM manufacturers.
“We are pleased that our momentum and success in signing new licenses is continuing unabated during our fourth quarter” said Jim Skippen, President & CEO. “We have signed 64 licenses so far this fiscal year and have over 90 running royalty agreements in total. We are also very excited that our DSL licensing program is starting to produce results with the signing of prominent modem and DSLAM manufacturers to multi-year running royalty agreements.”
“The progress being made by our licensing teams combined with our healthy financial position give Wi-LAN a very solid foundation to move forward,” said Skippen.
About Wi-LAN
Wi-LAN, founded in 1992, is a leading technology innovation and licensing company. Our portfolio of patented inventions applies to a wide range of consumer electronics and communications products. Some of the fundamental technologies covered by Wi-LAN’s patents include: CDMA, DOCSIS, DSL, GSM/EDGE, V‑chip, Wi-Fi and WiMAX. Wi-LAN has a large and growing portfolio of more than 300 issued or pending patents. Wi-LAN has licensed its intellectual property to over 130 companies. For more information: 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 that face the Company; such statements may contain such words as “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions, and may be based on management’s current assumptions and expectations related to all aspects of the wireless and wireline telecommunications industries and the global economy. Risks and uncertainties that may face the Company include, but are not restricted to: licensing of the Company’s patents can take an extremely long time and may be subject to variable cycles; the Company is currently reliant on licensees paying royalties under existing licensing agreements and additional licensing of its patent portfolio to generate future revenues and increased cash flows; the Company may be required to establish the enforceability of its patents in court in order to obtain material licensing revenues; changes in patent laws or in the interpretation or application of patent laws could materially adversely affect the Company; a court may determine that certain of the Company’s patents are not infringed by certain standards or products or may disagree with management with respect to whether one or more of the Company’s patents apply to certain standards or products, which could adversely affect the Company; the Company will need to acquire or develop new patents to continue and grow its business; the Company has made and may make acquisitions of technologies or businesses which could materially adversely affect the Company; the Company may require investment to translate its intellectual property position into sustainable profit in the market; the generation of future V-chip revenues and the likelihood of the Company signing additional V-chip licenses could be negatively impacted by changes in government regulation; the Company is dependent on its key officers and employees; and the price of the Company’s common shares is volatile and subject to market fluctuation. These risks and uncertainties may cause actual results to differ from information contained in this release, when estimates and assumptions have been used to measure and report results. There can be no assurance that any statements of forward-looking information contained in this release 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 statements containing forward-looking information are based on the estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice. Except as required by applicable laws, the Company assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change. Readers are cautioned not to place undue reliance on any statements of forward looking information that speak only as of the date of this release. Additional information identifying risks and uncertainties relating to the Company’s business are contained under the heading “Risk Factors” in Wi-LAN’s current Annual Information Form and its other filings with the various Canadian securities regulators which are available online at www.sedar.com.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States
All trademarks and brands mentioned in this release are the property of their respective owners.
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For more information, please contact:
Tyler Burns
Director, Investor Relations & Communications
O: 613.688.4330
C: 613.697.0367
E: tburns@wilan.com
