Wi-LAN Inc.
TSX : WIN

Wi-LAN Inc.

April 07, 2006 10:48 ET

Court Orders Dissident Wi-LAN Shareholders to Comply with Law

CALGARY, CANADA--(CCNMatthews - April 7, 2006) - Wi-LAN Inc. (TSX:WIN) (Wi-LAN or "the Company") Wi-LAN announced today that the Alberta Court of Queen's Bench has issued an Order requiring that a group of dissident Wi-LAN shareholders comply with applicable corporate law in soliciting proxies for the election of directors at Wi-LAN's upcoming annual and special general meeting to be held on April 20, 2006.

The Court Order prohibits this group of dissident shareholders from further illegal proxy solicitation activities. It requires that the dissident group prepare and disseminate to Wi-LAN shareholders a proxy circular setting out the prescribed information. Under applicable law, the dissidents will be required to certify that their circular contains no untrue statement of the material facts.

The management of Wi-LAN certified and filed a proxy circular dated March 8th. This circular includes information concerning the dissident group's proposal and slate of directors, notwithstanding that the material from the dissidents was received subsequent to the deadline by which it was required to be included. Shareholders can view this proxy circular on the Company's website at www.wi-lan.com.

The 2006 Annual and Special Meeting of Shareholders of Wi-LAN Inc. will be held at 5 p.m. at the Sheraton Cavalier Hotel, 2620 32nd Avenue N.E., Calgary, Alberta on April 20, 2006. Management recommends that Wi-LAN shareholders vote their proxy FOR all resolutions. Proxies must be returned by April 19, 2006 at 5:00 p.m. Calgary time for your vote to count. For more information on how to vote proxies or where to receive the Wi-LAN management proxy circular, investors should contact Georgeson Shareholder, Wi-LAN's proxy and information agent at the following North American toll-free number 1-866-686-4822.

About Wi-LAN Inc.

Wi-LAN is a global provider of broadband wireless communications solutions. Wi-LAN believes its portfolio of patents is necessary for the implementation of WiMAX Forum Certified devices and devices using the IEEE standards 802.11a and 802.11g (the 2nd generation Wi-Fi Alliance standards). Wi-LAN is a charter member of the WiMAX Forum (www.wimaxforum.org). Detailed information on Wi-LAN can be found at 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 expectations involving a number of risks and uncertainties related to all aspects of the wireless communications industry. These risks and uncertainties include, but are not restricted to, continued increased demand for the Company's products, the Company's ability to maintain its technological leadership in the field of high-speed wireless communications, the Company's ability to attract and retain key employees, the enforceability of the Company's patents, and the availability of key components.

These uncertainties may cause actual results to differ from information contained herein. There can be no assurance that such 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.
    Amir Nayeri
    c/o Genoa Management
    (866) 430-6247
    Email: info@genoa.ca