WiLAN Signs Wireless License in Automotive Industry

Rhea-AI Summary

Wi-LAN Inc., a subsidiary of Quarterhill, has signed a license agreement with an unnamed company in the automotive industry regarding wireless technology patents. The agreement includes confidential licensing fees and other terms. Wi-LAN specializes in patent monetization across various sectors including automotive and wireless communications. Quarterhill aims to grow in the Intelligent Transportation System (ITS) space and is listed on both TSX and OTCQX under symbols QTRH and QTRHF respectively.

OTTAWA, ON, Aug. 4, 2021 /PRNewswire/ - Wi-LAN Inc. ("WiLAN"), a Quarterhill Inc. ("Quarterhill") company (TSX: QTRH) (OTCQX: QTRHF), today announced that WiLAN has entered into a license agreement with a company in the automotive industry.  The licensed patents relate to wireless technology.

The license fees payable to WiLAN and all other terms and conditions of this agreement are confidential.

About WiLAN

WiLAN, a Quarterhill company, is one of the most successful patent monetization companies in the world and partners with its customers to unlock the value of intellectual property through various patent monetization models.  WiLAN 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 a growth-oriented company in the Intelligent Transportation System (ITS) industry as well as a leader in Intellectual Property licensing. Our goal is to execute an investment strategy that capitalizes on attractive growth opportunities within ITS - and its adjacent markets - to become a global leader in that industry. Quarterhill is listed on the TSX under the symbol QTRH and on the OTCQX Best Market under the symbol QTRHF. For more information: www.quarterhill.com

All trademarks and brands mentioned in this release are the property of their respective owners.

View original content:https://www.prnewswire.com/news-releases/wilan-signs-wireless-license-in-automotive-industry-301347931.html

SOURCE Wi-LAN Inc.

FAQ

What is the recent license agreement announced by Wi-LAN?

Wi-LAN Inc. has entered into a license agreement with a company in the automotive industry regarding wireless technology patents.

What is the significance of Wi-LAN's agreement in the automotive sector?

The agreement signifies Wi-LAN's continued expansion in the patent monetization market, particularly within the automotive industry.

What are the financial terms of Wi-LAN's new licensing deal?

The licensing fees and other terms of the agreement are confidential.

Where can I find more information about Quarterhill?

More information about Quarterhill can be found on their official website at www.quarterhill.com.

What are the stock symbols for Quarterhill?

Quarterhill is listed on TSX under QTRH and on OTCQX under QTRHF.