OTTAWA, CANADA – Wi-LAN Inc. (“WiLAN” or the “Company”) (TSX:WIN)(NASDAQ:WILN) today announced that MediaTek Inc. (“MediaTek”) has signed a five-year license agreement related to Bluetooth and Wi-Fi standards. Other terms of the agreement are confidential.
MediaTek Inc. is a leading fabless semiconductor company for wireless communications and digital multimedia solutions. The company is a market leader and pioneer in cutting-edge system-on-chip solutions for wireless communications, high-definition TV, optical storage, and DVD and Blu-ray products. Founded in 1997 and listed on Taiwan Stock Exchange, MediaTek is headquartered in Taiwan and has sales or research subsidiaries in Mainland China, Singapore, India, U.S., Japan, Korea, Denmark, England, Sweden and Dubai. For more information, see www.mediatek.com.
WiLAN, founded in 1992, is a leading technology innovation and licensing company. WiLAN has licensed its intellectual property to over 260 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. WiLAN has a large and growing portfolio of more than 3,000 issued or pending patents. For more information: www.wilan.com.
In 2012, the company reached eight rights agreements with companies including Siemens AG (NYSE:SI) and Alvarion Ltd. (NASDAQ:ALVR). These agreements “are expected to generate significant future revenues”, CEO Jim Skippen said in a statement.
Wi-LAN announced on Wednesday that Taiwan-based MediaTek Inc. (TPE:2454) has signed a five-year license agreement related to Bluetooth and Wi-Fi standards.
Wi-LAN is a licensing company that develops, acquires, and licenses a range of intellectual property that drives products in communications and consumer electronics markets.