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Technology Stocks : Wi-LAN Inc. (T.WIN)

WILN 1.390

0.0%

Sep 18 5:00 PM EST

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From: xanada	4/1/2014 5:01:29 PM
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WiLAN Subsidiary Acquires Automotive Patent Portfolio OTTAWA, Canada – April 1, 2014 – Wi-LAN Inc. (“WiLAN” or the “Company”) (TSX:WIN) (NASD:WILN) today announced that a subsidiary has acquired a patent portfolio that relates to technology used in automotive headlights. "We are very pleased to have completed this acquisition,” said Jim Skippen, President & CEO. “This is our first acquisition in the automotive market, a market in which we see significant opportunity. Like the recent partnership with Panasonic, which anchors our new semiconductor licensing program, our drive into the automotive market continues our efforts to diversify and grow our business.” The acquisition of this portfolio will be funded through a sharing of net revenues generated by licensing the patents. All other terms of the agreement are confidential.

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