Wi-LAN Gets Patents

WiLAN acquires portfolio of mobile communication 'pioneer' patents

June 29, 2011

1 Min Read

OTTAWA -- Wi-LAN Inc. ("WiLAN" or the "Company") (TSX:WIN) (NASDAQ:WILN), today announced that it has acquired the "Glenayre Patents", from Glenayre Electronics, Inc. for $8 million in cash.

The comprehensive portfolio includes 60 issued U.S. patents plus foreign counterparts that pioneered critical aspects of modern mobile telephony.

"This acquisition interested WiLAN because the patent portfolio includes inventions that anticipated a number of the mobile phone functions commonly in use today," said Jim Skippen, Chairman & CEO. "Specifically, we believe that patents in the portfolio address aspects of mobile messaging and wireless data transmission and reception that are relevant to today's mobile phone market."

Wi-LAN Inc. (Toronto: WIN) (Nasdaq: WILN)

Subscribe and receive the latest news from the industry.
Join 62,000+ members. Yes it's completely free.

You May Also Like