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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	6/3/2014 5:09:31 PM
	Read Replies (1) of 16863

WiLAN Subsidiary Enters License with Bluegrass Cellular (ccnm) OTTAWA, CANADA--(Marketwired - June 3, 2014) - Wi-LAN Inc. ("WiLAN" or the "Company") (TSX:WIN)(NASDAQ:WILN) today announced that a WiLAN subsidiary has entered into a license with U.S.-based wireless carrier, Bluegrass Cellular. The license, which is a multi-year running royalty agreement, applies to the management of wireless cellular phone services, including current generation LTE networks. The terms of the agreement are confidential. "This license agreement is another important step in our new network management licensing program," said Jim Skippen, President & CEO. "Network operator licensees are recognizing the value of our technology and we are pleased with the progress this program is making. This agreement was achieved without litigation and that is always our preference." The licensed patents relate to fault management and lawful intercept aspects of network management technologies. The patents are a subset of the global portfolio of patents and applications that WiLAN acquired from Siemens AG related to telecommunication network management and mobile multimedia in July 2012. The licensed fault management technology helps network operators provide reliable network connectivity to customers. This provides significant benefits to network operators including increased subscriber attraction and retention and service level commitments. The licensed technology is fundamental to efficient network operations around the world. The licensed lawful intercept technology helps network operators meet legal obligations in a streamlined and efficient manner. By reducing the overhead associated with meeting these obligations, the licensed technology helps operators provide a necessary service with minimal impact on operations and bottom line financial performance.

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