Parties Settle All Pending
Litigations
OTTAWA, April 23, 2019 /PRNewswire/ - Wi-LAN Inc.
("WiLAN"), a Quarterhill Inc. ("Quarterhill") company (TSX: QTRH)
(NASDAQ: QTRH), today announced that WiLAN's wholly-owned
subsidiary, Polaris Innovations Limited ("Polaris"), has granted a
term license for certain patents owned by Polaris to NVIDIA
Corporation ("NVIDIA") as well as options for NVIDIA to renew
through the life of the patents. The licensed patents relate
to memory interface technology and are part of the portfolio that
Polaris acquired from Infineon Technologies in June 2015. The license fees payable to Polaris
are confidential.
The license also settles all litigations pending between the
parties in the US Federal Court for the Northern District of
California, the District Court of
Dusseldorf, Germany and the
Inter Partes Review proceedings at the Patent Trial and
Appeal Board of the United States Patent Office, some of the
written decisions of which are under appeal at the US Court of
Appeals for the Federal Circuit. On March 28, 2019, the District Court of
Dusseldorf found that one of the
German patents asserted by Polaris against NVIDIA was infringed and
would be provisionally enforceable inter alia by an
injunction in favor of Polaris, upon Polaris posting a security
bond and pending further proceedings in Munich. Subject to the terms of the license
agreement however, the injunction granted by the Dusseldorf Court shall not be enforced by
Polaris, and NVIDIA is not pursuing further proceedings to overturn
the District Court decision.
"We are very pleased to have reached a comprehensive resolution
with NVIDIA with respect to the Polaris memory interface patents,"
said Michael Vladescu, President and
CEO of WiLAN. "We believe this license further demonstrates
the strength and breadth of the Polaris Portfolio which has now
been licensed to numerous companies in various industry sectors
including consumer electronics, semiconductor foundry, multimedia
processors, DRAM and now graphics processors."
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 February 28, 2019
annual information form for the year ended December 31, 2018 (the "AIF"). Copies of the AIF
may be obtained at www.sedar.com and as part of Quarterhill's Form
40-F for the year ended December 31,
2018 filed with the U.S. Securities and Exchange Commission
and available at www.sec.com. 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.
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SOURCE Wi-LAN Inc.