WiLAN Signs Wireless License with Motorola

Rhea-AI Summary

On October 1, 2021, Wi-LAN, a subsidiary of Quarterhill Inc. (TSX: QTRH; OTCQX: QTRHF), announced a licensing agreement with Motorola Mobility LLC. This agreement pertains to patents related to wireless technology, although specific terms remain confidential. Wi-LAN specializes in patent monetization across various markets, including automotive and wireless communications, while Quarterhill focuses on growth within the Intelligent Transportation System industry.

Positive

• Secured a licensing agreement with Motorola Mobility, enhancing revenue potential.
• Wi-LAN's expertise in patent monetization across diverse markets strengthens its position.

Negative

• None.

OTTAWA, ON, Oct. 1, 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 Motorola Mobility LLC. The licensed patents relate to wireless technology. The 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.

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SOURCE Quarterhill Inc.

FAQ

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

Wi-LAN announced a license agreement with Motorola Mobility LLC for wireless technology patents on October 1, 2021.

What does Wi-LAN specialize in?

Wi-LAN specializes in patent monetization in sectors such as automotive, digital television, and wireless communication technologies.

What are the stock symbols for Quarterhill Inc.?

Quarterhill Inc. is listed on the TSX as QTRH and on the OTCQX as QTRHF.

When was the licensing agreement with Motorola announced?

The licensing agreement with Motorola was announced on October 1, 2021.