WILN Press Release
Date: January 11, 2016
By:
/s/ Prashant R. Watchmaker
Name: Prashant R. Watchmaker
Title: Vice-President, Corporate Legal & Corporate Secretary
Exhibit 99.1
PRESS RELEASE
WiLAN Subsidiary Enters into License Agreement with GLOBALFOUNDRIES
OTTAWA, Canada – January 11, 2016 – WiLAN (TSX:WIN) (NASD:WILN) today announced that the Company’s subsidiary, Polaris Innovations Limited, has entered into a patent license agreement with GLOBALFOUNDRIES Inc., for patents related to processes used in its foundry services and patents related to application-specific integrated circuit (ASIC) products. The licensed patents are part of the Qimonda portfolio, which was acquired by WiLAN in June 2015 from Infineon Technologies AG.
“The Qimonda portfolio is already known for its depth and strength regarding DRAM technologies and this agreement demonstrates its relevance to other technologies as well,” said Jim Skippen, President & CEO, WiLAN. “Including Samsung, this is the second major company to take a license from WiLAN to this portfolio, and we expect there will be many others. We are pleased that the license was concluded without litigation.”
The consideration to be paid to WiLAN and all other terms of the license agreement are confidential.
About WiLAN
WiLAN is one of the most successful patent licensing companies in the world and helps companies unlock the value of intellectual property by managing and licensing their patent portfolios. The Company operates in a variety of markets including automotive, digital television, Internet, medical, semiconductor and wireless communication technologies. Founded in 1992, WiLAN is listed on the TSX and NASDAQ and is included in the S&P/TSX Dividend and Dividend Aristocrats Indexes. For more information: www.wilan.com.
Forward-looking Information
This news release contains forward-looking statements and forward-looking information within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and other United States and Canadian securities laws. Forward-looking statements and forward-looking information are based on estimates and assumptions made by WiLAN in light of its experience and its perception of historical trends, current conditions, expected future developments and the expected effects of new business strategies, as well as other factors that WiLAN believes are appropriate in the circumstances. Many factors could cause WiLAN's actual performance or achievements to differ materially from those expressed or implied by the forward-looking statements or forward-looking information. Such factors include, without limitation, the risks described in WiLAN’s February 2, 2015 annual information form for the year ended December 31, 2014 (the “AIF”). Copies of the AIF may be obtained at www.sedar.com or www.sec.gov. WiLAN recommends that readers review and consider all of these risk factors and notes that readers should not place undue reliance on any of WiLAN's forward-looking statements. WiLAN has no intention, and undertakes no obligation, to update or revise any forward-looking statements or forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.
All trademarks and brands mentioned in this release are the property of their respective owners.
- ## -
www.wilan.com © copyright Wi-LAN 20151
PRESS RELEASE
For media and investor inquiries, please contact:
Dave Mason
Investor Relations
LodeRock Advisors Inc.
C: 613.688.1693
E: dave.mason@loderockadvisors.com
www.wilan.com
Date: January 11, 2016
By:
/s/ Prashant R. Watchmaker
Name: Prashant R. Watchmaker
Title: Vice-President, Corporate Legal & Corporate Secretary
Exhibit 99.1
PRESS RELEASE
WiLAN Subsidiary Enters into License Agreement with GLOBALFOUNDRIES
OTTAWA, Canada – January 11, 2016 – WiLAN (TSX:WIN) (NASD:WILN) today announced that the Company’s subsidiary, Polaris Innovations Limited, has entered into a patent license agreement with GLOBALFOUNDRIES Inc., for patents related to processes used in its foundry services and patents related to application-specific integrated circuit (ASIC) products. The licensed patents are part of the Qimonda portfolio, which was acquired by WiLAN in June 2015 from Infineon Technologies AG.
“The Qimonda portfolio is already known for its depth and strength regarding DRAM technologies and this agreement demonstrates its relevance to other technologies as well,” said Jim Skippen, President & CEO, WiLAN. “Including Samsung, this is the second major company to take a license from WiLAN to this portfolio, and we expect there will be many others. We are pleased that the license was concluded without litigation.”
The consideration to be paid to WiLAN and all other terms of the license agreement are confidential.
About WiLAN
WiLAN is one of the most successful patent licensing companies in the world and helps companies unlock the value of intellectual property by managing and licensing their patent portfolios. The Company operates in a variety of markets including automotive, digital television, Internet, medical, semiconductor and wireless communication technologies. Founded in 1992, WiLAN is listed on the TSX and NASDAQ and is included in the S&P/TSX Dividend and Dividend Aristocrats Indexes. For more information: www.wilan.com.
Forward-looking Information
This news release contains forward-looking statements and forward-looking information within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and other United States and Canadian securities laws. Forward-looking statements and forward-looking information are based on estimates and assumptions made by WiLAN in light of its experience and its perception of historical trends, current conditions, expected future developments and the expected effects of new business strategies, as well as other factors that WiLAN believes are appropriate in the circumstances. Many factors could cause WiLAN's actual performance or achievements to differ materially from those expressed or implied by the forward-looking statements or forward-looking information. Such factors include, without limitation, the risks described in WiLAN’s February 2, 2015 annual information form for the year ended December 31, 2014 (the “AIF”). Copies of the AIF may be obtained at www.sedar.com or www.sec.gov. WiLAN recommends that readers review and consider all of these risk factors and notes that readers should not place undue reliance on any of WiLAN's forward-looking statements. WiLAN has no intention, and undertakes no obligation, to update or revise any forward-looking statements or forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.
All trademarks and brands mentioned in this release are the property of their respective owners.
- ## -
www.wilan.com © copyright Wi-LAN 20151
PRESS RELEASE
For media and investor inquiries, please contact:
Dave Mason
Investor Relations
LodeRock Advisors Inc.
C: 613.688.1693
E: dave.mason@loderockadvisors.com
www.wilan.com
