Press release from Marketwire
WiLAN Acquires Cypress Semiconductor Portfolio
Tuesday, June 11, 2013
WiLAN Acquires Cypress Semiconductor Portfolio15:16 EDT Tuesday, June 11, 2013
OTTAWA, CANADA--(Marketwired - June 11, 2013) - Wi-LAN Inc. ("WiLAN" or the "Company") (TSX:WIN)(NASDAQ:WILN) today announced that it has acquired a portfolio of patents from Cypress Semiconductor Corporation related to phase locked loop technology used in a wide range of semiconductor products. WiLAN believes the portfolio has current applicability to memory and other semiconductor products using clock control circuitry.
"WiLAN has already established successful licensing programs in the areas or wireless and display technologies, programs from which we continue to see tremendous revenue potential. In addition, we are in the process of building new licensing programs in the areas of semiconductor, medical and cloud related technologies," said Jim Skippen, President & CEO. "This acquisition is an important step towards building our semiconductor portfolio, an area in which we see significant licensing opportunities."
WiLAN, founded in 1992, is a leading technology innovation and licensing company. WiLAN has licensed its intellectual property to over 265 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.
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 "towards building", "we see" 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 and expected future developments, 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 March 7, 2013 annual information form for the year ended December 31, 2012 (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.
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