Wi-LAN Inc.

Wi-LAN Inc.

May 01, 2007 14:02 ET

Wi-LAN Comments on Recent Market Activity

OTTAWA, CANADA--(CCNMatthews - May 1, 2007) - Wi-LAN Inc. (TSX:WIN)("Wi-LAN," or "the "Company"), at the request of the Toronto Stock Exchange concerning recent market activity of Wi-LAN's shares, confirms that there are no new material developments that would account for such activity.

Wi-LAN remains in discussions on a number of initiatives, including the acquisition of patents, although all such discussions remain preliminary at this time. Wi-LAN is also in negotiations with a number of companies which have expressed an interest in its Early License Program. Under the Program, Wi-LAN is offering patent licenses at reduced rates to those companies who conclude license agreements by July 31, 2007.

Wi-LAN is continuing its activities in accordance with the previously announced non-binding letter of intent to merge with Tri-Vision International Ltd. ("TVL"). The companies agreed to extend the exclusivity period from April 27, 2007 to May 11, 2007 in order to allow both parties to complete due diligence and finalize an acquisition agreement.

In the view of Wi-LAN's management, recent decisions of the U.S. Supreme Court do not materially impact the Company's licensing program.

About Wi-LAN Inc.

Wi-LAN, founded in 1992, licenses intellectual property that drives a full range of products providing access in wireless and wireline telecommunications markets. Some of the fundamental technologies covered by Wi-LAN's patents include: CDMA, Wi-Fi, WiMAX and DSL. Wi-LAN has already licensed its intellectual property to a number of major companies, including Cisco, Fujitsu and Nokia.

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 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.
    Steve Bower
    C: 1.613.697-7159
    O: 1-613-688-4898
    Wi-LAN Inc.
    Lynne Bermel
    Director Corporate Communications
    C: 1.613.864.4058
    O: 1.613.688.4900 ext. 2019