Wi-LAN Inc.
TSX : WIN

Wi-LAN Inc.

January 21, 2008 08:00 ET

Wi-LAN Appoints Shaun McEwan as Chief Financial Officer

OTTAWA, ONTARIO--(Marketwire - Jan. 21, 2008) - Wi-LAN Inc. (TSX:WIN) ("Wi-LAN"), a leading technology innovation and licensing company, today announced that it has appointed Shaun McEwan to the position of Chief Financial Officer.

"I am very pleased to welcome a seasoned senior financial executive like Shaun McEwan to Wi-LAN," said Jim Skippen, President and CEO. "Shaun brings an impressive track record and a clear understanding of what it takes to effectively manage the finances and financial relationships that are critical to a publicly traded high technology company. His experience and leadership capabilities will prove invaluable as we continue to grow our business."

Mr. McEwan has more than 16 years experience in finance and executive leadership positions in public and private high technology companies. Most recently, he held the position of Chief Financial Officer at BreconRidge Manufacturing Solutions (BreconRidge) where he was responsible for overall financial management. His many accomplishments while at BreconRidge included leading private placement transactions that raised more than $40 million and completing numerous corporate acquisitions. Prior to BreconRidge, Mr. McEwan served in increasingly senior positions at Calian Technologies Ltd (Calian), first as Chief Financial Officer and then President and Chief Executive Officer. During his tenure at Calian, Mr. McEwan was responsible for all financial affairs of this publicly traded company, completed several corporate acquisitions and divestitures, assisted in growing revenues to more than $125 Million and served as corporate secretary as well as a Director. Mr. McEwan also held senior executive positions at Microstar Software Limited and led the company's Initial Public Offering on the Toronto Stock Exchange in 1993.

"Wi-LAN is taking bold steps to realize the business potential of intellectual property and with its strong financial position, large patent portfolio and experienced team, Wi-LAN is well positioned for success, said Mr. McEwan. "I strongly believe that my diverse background in finance and executive leadership will help Wi-LAN continue to achieve its many goals. I look forward to assisting Wi-LAN with its ongoing efforts to lead technology innovation and licensing."

Mr. McEwan is expected to assume his duties at Wi-LAN on February 19, 2008.

About Wi-LAN

Wi-LAN, founded in 1992, is a leading technology innovation and licensing company. Our portfolio of patented inventions applies to a wide range of electronics and communications products. Some of the fundamental technologies covered by Wi-LAN's patents include: CDMA, DOCSIS, DSL, GSM/EDGE, V-chip, Wi-Fi and WiMAX. Wi-LAN has licensed its intellectual property to a growing number of companies around the world. For more information: www.wi-lan.com.

Forward-looking Information

Certain statements in this release, other than statements of historical fact, may include forward-looking information that involves various risks and uncertainties. These may include, without limitation, statements based on current assumptions and expectations involving a number of risks and uncertainties related to all aspects of the wireless and wireline communications industry and the global economy. These risks and uncertainties include, but are not restricted to: the almost exclusive reliance of the Company on licensing its patent portfolio to generate revenues and cash flows; that the Company may be required to establish the enforceability of its patents in court to obtain material licensing revenues; that the Company will need to acquire or develop new patents to continue to grow its business; that the Company requires investment to translate its intellectual property position into sustainable profit in the market; that the Company is dependent on the performance of its key officers and employees; that changes in patent legislation or in the interpretation or application of patent litigation could materially adversely affect the Company; and that the Company has and may make acquisitions of products, technologies or businesses which could materially adversely affect the Company. These risks and uncertainties may cause actual results to differ from information contained herein, when estimates and assumptions have been used to measure and report results. There can be no assurance that such forward-looking statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice. The Company assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change.

All trademarks and brands mentioned in this release are the property of their respective owners.

Contact Information

  • Wi-LAN Inc.
    Tyler Burns
    Director, Investor Relations and Communications
    C: 613-697-0367
    O: 613-688-4330
    tburns@wi-lan.com