Wi-LAN Inc.

Wi-LAN Inc.

September 13, 2007 09:24 ET

Wi-LAN Acquires Essential Wireless Patent Portfolio

OTTAWA, CANADA--(Marketwire - Sept. 13, 2007) - Wi-LAN Inc. (or "Wi-LAN") (TSX:WIN) announced today that it has acquired a portfolio of 10 issued and pending U.S. patents which are essential to multi-mode and multi-standard communication devices.

WI-LAN believes the inventions protected by these patents are used in U.S. products which combine multiple standards and modulation formats. This means that U.S. products which combine two or more wireless formats, including GSM, CDMA, WiFi, WiMAX or EDGE, will generally require a license.

"We believe these patents have several claims that would be infringed by most cellular handsets sold in the United States today," said Andrew Parolin, VP Business Development. "What is particularly exciting is that we believe GSM/Edge cell phones, which is a format used by most GSM phones sold in the U.S. today, will require a license."

The portfolio purchase was brokered through the law firm of Goldstein, Faucett & Prebeg, LLP for a purchase price of U.S. $7,000,000 with the potential of additional consideration of up to U.S. $4,000,000 based on meeting certain licensing milestones. The patents expire August 10, 2019. The portfolio is not heavily licensed. Current licensees include Nokia and Siemens.

"This acquisition is an important milestone for Wi-LAN and a great success for our patent acquisition team," said Jim Skippen, President and CEO. Our strategy is to continually acquire valuable patents to increase the value proposition for licensees and to ensure that our licensing program can continue indefinitely. We believe this essential wireless portfolio greatly increases the strength of our existing WiFi, CDMA and WiMAX portfolios, and will also permit licensing in larger new markets such as GSM handsets."

With the addition of these latest patents, Wi-LAN's current portfolio totals 237 patents.

About Wi-LAN

Wi-LAN, founded in 1992, licenses intellectual property applicable to a full range of products providing access in the communications and consumer electronics markets. Some of the fundamental technologies covered by Wi-LAN's patents include: CDMA, DOCSIS, DSL, V-chip, Wi-Fi and WiMAX. Wi-LAN has already licensed its intellectual property to a number of the world's largest companies. 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.

Contact Information

  • Wi-LAN Inc.
    Steve Bower, CFO
    C: 1-613-697-7159
    O: 1-613-688-4898
    Wi-LAN Inc.
    David Ward, Director, IR & Communications
    C: 1-613-697-0367
    O: 1-613-688-4330