Wi-LAN Inc.

Wi-LAN Inc.

May 04, 2009 14:44 ET

Wi-LAN's Strong Licensing Momentum Continues in Second Quarter

Company signs 15 licenses

OTTAWA, ONTARIO--(Marketwire - May 4, 2009) - Wi-LAN Inc. ("Wi-LAN" or the "Company") (TSX:WIN), a leading technology innovation and licensing company, today announced that the Company signed licenses with 15 companies during its second quarter, which ended April 30, 2009.

During the quarter, the Company signed V-Chip license agreements with 7 companies including Setec Corporation, Ensky Technology PTE Ltd, IVI Digital Company Limited, AV Guangzhou Limited, Atico International Inc., Hisense USA Corporation and Westinghouse Digital Electronics LLC. This brings the total number of companies that have signed V-Chip licenses to date to 112.

In addition, the Company signed wireless license agreements with 7 companies, including manufacturers of wireless-enabled laptops, femtocells, base stations and routers. This brings the total number of wireless licenses signed to date to 62.

During the second quarter, Wi-LAN also signed a license agreement for wireline technologies.

"Our licensing success and momentum continued during the second quarter of the fiscal year," said Jim Skippen, Chairman & CEO. "At the halfway point of the fiscal year, we have signed 27 new license agreements, the vast majority of which are long-term running royalty agreements. Like last fiscal year, we have been signing new licenses at a rate of more than one per week so far this fiscal year."

Mr. Skippen added, "I am also pleased that although we are still compiling results, early indications suggest that Wi-LAN's revenues will be strong in the second quarter."

About Wi-LAN

Wi-LAN, founded in 1992, is a leading technology innovation and licensing company. Our portfolio of patented inventions applies to a wide range of consumer electronics and communications products. Technologies in Wi-LAN's patent portfolio may relate to: CDMA, DOCSIS, DSL, multi-mode wireless, V-Chip, Wi-Fi and WiMAX. Wi-LAN has a large and growing portfolio of more than 300 issued or pending patents. Wi-LAN has licensed its intellectual property to over 170 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 that face the Company; such statements may contain such words as "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions, and may be based on management's current assumptions and expectations related to all aspects of the wireless and wireline telecommunications industries and the global economy. Risks and uncertainties that may face the Company include, but are not restricted to: licensing of the Company's patents can take an extremely long time and may be subject to variable cycles; the Company is currently reliant on licensees paying royalties under existing licensing agreements and additional licensing of its patent portfolio to generate future revenues and increased cash flows; the Company may be required to establish the enforceability of its patents in court in order to obtain material licensing revenues; changes in patent laws or in the interpretation or application of patent laws could materially adversely affect the Company; a court may determine that certain of the Company's patents are not infringed by certain standards or products or may disagree with management with respect to whether one or more of the Company's patents apply to certain standards or products, which could adversely affect the Company;
the Company will need to acquire or develop new patents to continue and grow its business; the Company has made and may make acquisitions of technologies or businesses which could materially adversely affect the Company; the Company may require investment to translate its intellectual property position into sustainable profit in the market; the generation of future V-chip revenues and the likelihood of the Company signing additional V-chip licenses could be negatively impacted by changes in government regulation; the Company is dependent on its key officers and employees; the price of the Company's common shares is volatile and subject to market fluctuation; and the Company may be negatively affected by reduced consumer spending due to the uncertainty of economic and geopolitical conditions. These risks and uncertainties may cause actual results to differ from information contained in this release, when estimates and assumptions have been used to measure and report results. There can be no assurance that any statements of forward-looking information contained in this release 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 statements containing forward-looking information are based on the estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice. Except as required by applicable laws, the Company assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change. Readers are cautioned not to place undue reliance on any statements of forward looking information that speak only as of the date of this release. Additional information identifying risks and uncertainties relating to the Company's business are contained under the heading "Risk Factors" in Wi-LAN's current Annual Information Form and its other filings with the various Canadian securities regulators which are available online at www.sedar.com.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States

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 & Communications
    613-688-4330 or Cell: 613-697-0367