Wi-LAN Inc.
TSX : WIN

Wi-LAN Inc.

November 20, 2007 07:00 ET

Wi-LAN Enters License Agreement With Hyundai

OTTAWA, ONTARIO--(Marketwire - Nov. 20, 2007) - Wi-LAN Inc. (TSX:WIN)("Wi-LAN"), a leading technology licensing company, today announced it has licensed its U.S. and Canadian V-chip patents to Korean digital television manufacturer Hyundai IT Corp. ("Hyundai IT"). The agreement calls for a running royalty for the lives of the patents through 2016.

Hyundai IT, formerly Hyundai Electronics, is one of South Korea's most respected brand names, with more than 20 years worldwide business expertise. The revitalized company, which became Hyundai IT in 2006, manufactures a complete line of LCD TVs and computer monitors.

Additional U.S. converter box program licenses also signed

Wi-LAN V-chip also continues to license manufacturers expected to participate in the United States Commerce Department National Telecommunications Information Agency ("NTIA") Converter Coupon program. The NTIA program will distribute as many as 33 million US$40 coupons in the United States beginning January 2008 to assist TV owners financially when analog broadcast signals are discontinued in February 2009. Certified converter boxes will allow customers to receive and convert digital television signals so they can continue using their analog television sets after the February 2009 date when analog broadcasting will cease. Almost US$1 billion has been allocated for the first phase of the converter box program.

Wi-LAN V-chip has recently licensed three more companies targeting the converter box program. Dongguan Contel Electronics Co., Ltd. (China), Zhejiang Tianle Digital Electric Co., Ltd. (China), and PCT International Inc. (U.S.A.) have been licensed for Wi-LAN's U.S. patented V-chip technology and Contel has signed a license for Wi-LAN's Canadian V-chip technology.

Wi-LAN has a large and growing portfolio of more than 280 issued or pending patents.

About Wi-LAN

Wi-LAN, founded in 1992, licenses intellectual property that applies to a full 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 electronics and 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.
    Murray Eldon
    Director, Communications (V-chip)
    416-298-8551 ext. 212
    meldon@wi-lan.com
    or
    Wi-LAN Inc.
    Steve Bower
    CFO
    613-688-4898
    cell: 613-697-7159
    sbower@wi-lan.com