WiLAN and InfoSonics Sign Wireless License
OTTAWA, Canada – November 25, 2013 – Wi-LAN Inc. (“WiLAN” or the “Company”) (TSX:WIN) (NASD:WILN) today announced that InfoSonics Corporation (“InfoSonics”) has signed a five-year running royalty license to WiLAN’s wireless patent portfolio including HSPA and WCDMA-related technologies. All other terms of the license agreement are confidential.
“We are very pleased that InfoSonics entered good faith negotiations to reach a fair and reasonable license agreement,” said Andrew Parolin, Senior Vice-President, Business Unit Leader. “This license and recent agreements with Alcatel-Lucent, HTC and others, demonstrate the value that industry continues to recognize in our 3G and broader wireless technology portfolio.”
InfoSonics, headquartered in San Diego, California and founded in 1994, is the parent company of several subsidiaries dedicated to the design, development, manufacturing, sale and distribution of the company’s proprietary line of wireless handsets and other wireless solutions under the verykool® brand. More information on InfoSonics can be found at www.infosonics.com. |
