OTTAWA, Feb. 28, 2019 /CNW/ - Wi-LAN Inc. ("WiLAN"),
a Quarterhill Inc. ("Quarterhill") company (TSX: QTRH) (NASDAQ:
QTRH), today announced that WiLAN, along with several of its
wholly‑owned subsidiaries, including Cetus Technologies Inc.
("Cetus"), have entered into a comprehensive semiconductor license
agreement with SK hynix Inc. ("SK hynix").
The licensed patents generally cover dynamic random-access
memory (DRAM), NAND flash memory and other related semiconductor
technologies.
"We are very excited to conclude our first major agreement
relating to patents held by Cetus, the fourth portfolio from
Panasonic, acquired in 2017," said Michael
Vladescu, WiLAN President and CEO. "This agreement with SK
hynix continues to establish WiLAN's growing presence in the
semiconductor industry in addition to its traditional focus in the
telecommunications
industry."
SK hynix is a South Korean memory semiconductor supplier of DRAM
and flash memory chips. They are the world's second-largest
memory chipmaker and the world's third-largest semiconductor
company.
The consideration paid by SK hynix and all other terms of the
agreement are confidential.
About WiLAN
WiLAN, a Quarterhill company, is one of the most successful
patent licensing companies in the world and helps companies unlock
the value of intellectual property by managing and licensing their
patent portfolios. The company operates in a variety of
markets including automotive, digital television, Internet,
medical, semiconductor and wireless communication
technologies. For more information: www.wilan.com.
About Quarterhill
Quarterhill is focused on the disciplined acquisition,
management and growth of companies in dedicated technology areas
including, vertical market software and solutions, intelligent
industrial systems, and innovation and licensing.
Quarterhill's emphasis is on seeking out acquisition opportunities
at reasonable valuations that provide a foundation for recurring
revenues, predictable cash flows and margins, profitable growth,
intimate customer relationships and dedicated management
teams. Quarterhill is listed on the TSX and NASDAQ under the
symbol QTRH. For more information: www.quarterhill.com.
Forward-looking Information
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.
Forward-looking statements and forward-looking information are
based on estimates and assumptions made by Quarterhill and WiLAN in
light of their experience and their perception of historical
trends, current conditions, expected future developments and the
expected effects of new business strategies, as well as other
factors that Quarterhill and WiLAN believe are appropriate in the
circumstances. Many factors could cause 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
Quarterhill's March 1, 2018 annual
information form for the year ended December
31, 2017 (the "AIF"). Copies of the AIF may be
obtained at www.sedar.com or www.sec.gov. Quarterhill
recommends that readers review and consider all of these risk
factors, and notes that readers should not place undue reliance on
any of Quarterhill's or WiLAN's forward-looking statements. Neither
Quarterhill nor WiLAN has any 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.
View original
content:http://www.prnewswire.com/news-releases/wilan-and-several-subsidiaries-sign-comprehensive-semiconductor-license-agreement-with-sk-hynix-300803706.html
SOURCE Wi-LAN Inc.