Wi-LAN Inc.
TSX : WIN

Wi-LAN Inc.

January 03, 2008 09:09 ET

Wi-LAN and Bang & Olufsen Sign V-chip License Agreements

OTTAWA, CANADA--(Marketwire - Jan. 3, 2008) - Wi-LAN Inc. (TSX:WIN) ("Wi-LAN"), a leading technology licensing company, today announced that Bang & Olufsen a/s (Bang & Olufsen) has signed license agreements for its U.S. and Canadian V-chip Patents. The agreements provide for the payment of running royalties for the lives of the patents and include provision for payment in respect of past sales.

Bang & Olufsen a/s, which was founded in 1925, is world-renowned for it's distinctive range of quality consumer electronic products. The Bang and Olufsen Group manufactures a unique range of televisions, music systems, loudspeakers, telephones and multimedia products. The company has approximately 2,500 employees and the products are sold in more than 100 countries worldwide.

"We are very pleased that Bang & Olufsen, a marquee manufacturer of home entertainment products, has negotiated license agreements for our V-chip patents," said Wi-LAN V-chip President Najmul Siddiqui. "Our V-chip licensing team generated significant momentum in 2007 and we expect this momentum to continue in 2008."

117 licenses have been signed for Wi-LAN's Canadian and/or U.S. V-chip Patents to electronics manufacturers in Korea, Japan, Taiwan, China, Thailand, Singapore, Hong Kong, Denmark, Canada and the United States.

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 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
    O: 613-688-4330 / C: 613-697-0367
    tburns@wi-lan.com