To: Hatim Zaghloul who wrote (210 ) 5/27/1999 11:44:00 AM From: VisionsOfSugarplums Read Replies (1) | Respond to of 16863
News out today:fin-info.com Wi-LAN Announces Update on Business Development Activities CALGARY, ALBERTA-- Wi-LAN Signs Two Non-Binding Preliminary Agreements with Two 'Fortune 500' Listed Companies Wi-LAN Inc. (ASE:WIN), a technology leader in the rapidly growing wireless Internet/data communications sector, today announced that it has signed non-binding agreements focussed on joint product development and licensing its patented W-OFDM technology with two separate companies represented within the Fortune 500 listings. Agreements are scheduled to be completed by the end of June, 1999. Confidentiality agreements prevent Wi-LAN from releasing any further details including the names of the companies involved. Discussions with other companies are on-going at this time. "Recent discussions about our patented W-OFDM technology convinced us that we have the right technology to address the growing high-speed networking market. As our growth continues, we will evaluate options that make the most sense for Wi-LAN and its shareholders," says Dr. Hatim Zaghloul, President and CEO of Wi-LAN Inc. Wi-LAN designs, builds and markets leading-edge technologies and products to deliver high-speed wireless data communications/Internet access to customers. Wi-LAN currently owns two key patents; the first patent covers wide-band orthogonal frequency division multiplexing (W-OFDM) which is the technology adopted by the IEEE for the IEEE802.11a draft standard. The 30 Megabits per second W-OFDM product, is scheduled to be launched in June. The second patent is on multi-code direct sequence spread spectrum, which should prove its value in third generation cellular telephones. Wi-LAN is already supplying its patented product to national networks for high-speed wireless Internet access. Wi-LAN's customers include telephone companies such as the national Swedish Telephone Company, Telia, and RSL Com Canada, a fully owned subsidiary of RSL Communications (NASDAQ:RSLCF), large national Internet and intranet service providers such as Tele2(UK), a subsidiary of Millicom International (NASDAQ: MICCF), cable companies and regional school districts. Wi-LAN is currently proposing systems for various public high-speed wireless data networks worldwide. About Wi-LAN Wi-LAN delivers wireless data/Internet communications products that feature consistent high performance, easy installation and superior quality at significantly lower costs than traditional wire-based networking alternatives. Wi-LAN provides infrastructure and high-speed networking equipment for public and private wireless data networks. The company's Hopper(TM) and Hopper Plus products have been sold in more than 30 countries on six continents. Wi-LAN (TM) shares trade on the Alberta Stock Exchange under the symbol WIN. Detailed information on Wi-LAN can be found on the Web at wi-lan.com -30- FOR FURTHER INFORMATION PLEASE CONTACT: Wi-LAN Inc. Wanda Posehn (403) 273-9133 Toll-Free In North America: 1(800) 258-6876 wandap@wi-lan.com or Noble House Investments Dan Patience (403) 262-7111 noblehouse@home.com The Alberta Stock Exchange has neither approved nor disapproved the information contained herein.