|By Marketwired .||
|July 23, 2014 01:32 PM EDT||
OTTAWA, CANADA -- (Marketwired) -- 07/23/14 -- Wi-LAN Inc. ("WiLAN" or the "Company") (TSX:WIN)(NASDAQ:WILN) today announced that the Company's subsidiary, Open Network Solutions Inc., has entered into a license agreement with Koninklijke Philips N.V. and Philips Electronics North America Corporation. The licensed patents relate to networking capabilities of non-standard devices.
"WiLAN acquired these patents through a licensing partnership that we signed in April of this year," said Jim Skippen, President & CEO. "I am pleased with the early progress that we are making in this program."
The remaining terms of the license agreement are confidential.
WiLAN, founded in 1992, is a leading technology innovation and licensing company. WiLAN has licensed its intellectual property to over 285 companies worldwide. Inventions in our portfolio have been licensed by companies that manufacture or sell a wide range of communication and consumer electronics products including 3G and 4G handsets, Wi-Fi-enabled laptops, Wi-Fi and broadband routers, xDSL infrastructure equipment, cellular base stations and digital TV receivers. For more information: www.wilan.com.
All trademarks and brands mentioned in this release are the property of their respective owners.
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In today's digital world, change is the one constant. Disruptive innovations like cloud, mobility, social media, and the Internet of Things have reshaped the market and set new standards in customer expectations. To remain competitive, businesses must tap the potential of emerging technologies and markets through the rapid release of new products and services. However, the rigid and siloed structures of traditional IT platforms and processes are slowing them down – resulting in lengthy delivery ...
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