OTTAWA, CANADA--(Marketwired - Sept. 22, 2014) - Top intellectual property licensing company, WiLAN (TSX:WIN)(NASD:WILN), today announced that the Company and Grace Digital Inc. ("Grace Digital") have renewed a patent license agreement pursuant to which Grace Digital receives a multi-year running royalty license to certain wireless technologies. The consideration to be paid to WiLAN and all other terms of the agreement are confidential.
WiLAN first signed a patent license agreement with Grace Digital in the second quarter of 2008. Founded in San Diego, CA in 2007, Grace Digital is an innovator in the world of internet radios and leading manufacture of a wide variety of award-winning wired and wireless home audio solutions. For more information on Grace Digital, please visit www.gracedigital.com.
WiLAN, founded in 1992, is a leading technology innovation and licensing company. WiLAN has licensed its intellectual property to over 285 companies worldwide. Inventions in our portfolio have been licensed by companies that manufacture or sell a wide range of communication and consumer electronics products including 3G and 4G handsets, Wi-Fi-enabled laptops, Wi-Fi and broadband routers, xDSL infrastructure equipment, cellular base stations and digital TV receivers. For more information: www.wilan.com.
This news release contains forward-looking statements and forward-looking information within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and other United States and Canadian securities laws. The phrases "multi-year running royalty license", "to be paid" and similar terms and phrases are intended to identify these forward-looking statements. Forward-looking statements and forward-looking information are based on estimates and assumptions made by WiLAN in light of its experience and its perception of historical trends, current conditions, expected future developments and the expected effects of new business strategies, as well as other factors that WiLAN believes are appropriate in the circumstances. Many factors could cause WiLAN's actual performance or achievements to differ materially from those expressed or implied by the forward-looking statements or forward-looking information. Such factors include, without limitation, the risks described in WiLAN's February 3, 2014 annual information form for the year ended December 31, 2013 (the "AIF"). Copies of the AIF may be obtained at www.sedar.com or www.sec.gov. WiLAN recommends that readers review and consider all of these risk factors and notes that readers should not place undue reliance on any of WiLAN's forward-looking statements. WiLAN has no intention and undertakes no obligation to update or revise any forward-looking statements or forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.
All trademarks and brands mentioned in this release are the property of their respective owners.