Friday, January 14, 2011

Intel and WiLAN Reach Agreement to End Litigations

OTTAWA, Canada – January 14, 2011 – Wi-LAN Inc. (TSX:WIN), a leading technology innovation and licensing company, today announced that Intel Corporation and WiLAN have signed a memorandum of understanding which calls for Intel to take a multi-year license to WiLAN’s patent portfolio and to make a series of payments to WiLAN. The agreement will include the dismissal of all litigations between the companies in the U.S. District Court for the Eastern District of Texas and in the U.S. District Court for the Northern District of California. WiLAN expects a final definitive agreement to be signed within the next few weeks. Specific financial terms of the agreement reached are confidential.