Wi-LAN Inc.
TSX : WIN

Wi-LAN Inc.

December 03, 2007 07:53 ET

Wi-LAN Sells Think Broadband Solutions

OTTAWA, CANADA--(Marketwire - Dec. 3, 2007) - Wi-LAN Inc. (TSX:WIN) ("Wi-LAN") announced that it has closed the sale of its Think Broadband Solutions ("Think Broadband") business to PCT International, Inc. ("PCT") for approximately $1.2 million. The transaction is consistent with Wi-LAN's previously announced plans to divest of Think Broadband, acquired when Wi-LAN purchased Tri-Vision International Ltd. ("Tri-Vision") in June this year.

Under the terms of the agreement, PCT has agreed to acquire certain inventory, capital assets and all applicable customer contracts, agreements and existing sales prospects relating to the Think Broadband cable and services business. In addition, all staff associated with the Think Broadband business have accepted positions with PCT. Wi-LAN has retained the land and building located in Toronto, and has agreed to a six month lease to PCT.

"This sale is the last major step in integrating the Tri-Vision V-chip licensing business with Wi-LAN," said Jim Skippen, President & CEO. "We will continue to devote our entire focus on licensing our valuable patents and growing our intellectual property portfolio. On a personal level, I am pleased that PCT took the entire Think Broadband team, and wish them continued success in the Canadian market."

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 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.

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