Wi-LAN Inc. (T.WIN) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

WILN 1.390

0.0%

Sep 18 5:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: xanada	4/16/2014 11:38:06 AM
	Read Replies (1) of 16863

WiLAN Acquires Irrigation Technology Patents and Revenue Stream OTTAWA, Canada – April 16, 2014 – Wi-LAN Inc. (“WiLAN” or the “Company”) (TSX:WIN) (NASD:WILN) today announced that a subsidiary has entered into a partnership agreement with the inventors of patented technologies that relate to the operation of irrigation control systems. Under the terms of the agreement, WiLAN has assumed responsibility for licensing a patent portfolio with demonstrated market value. The portfolio has already been licensed and pursuant to the partnership agreement, WiLAN will receive the future revenue stream generated by all existing running royalty agreements. WiLAN will share, with the vendor, future revenues generated by new licenses to the portfolio. The Company did not pay any money up front for rights to the portfolio. Revenues from this agreement are expected to begin contributing to WiLAN’s revenue stream in the second quarter of 2014. “This partnership is one example of the many patent portfolios in diverse markets that are being offered to WiLAN by inventors and companies seeking the right partner to license their inventions,” said Jim Skippen, President & CEO. “With a solid licensing track record, including over 280 companies licensed and an estimated three quarters of a billion dollars in bookings generated to date, WiLAN is the right licensing partner for many patent owners.”

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next