WiLAN Subsidiary Acquires Additional IBM Patents

Rhea-AI Summary

Wi-LAN Inc., a subsidiary of Quarterhill (TSX: QTRH, OTCQX: QTRHF), announced on Sept. 30, 2020, the acquisition of a new portfolio of patents from IBM. These patents focus on semiconductor manufacturing process technologies, enhancing Wi-LAN's capabilities in intellectual property monetization. The financial details remain confidential, but this acquisition underscores Wi-LAN's strategy to strengthen its market position across various sectors, including automotive and wireless communications.

Positive

• Acquisition of patents enhances Wi-LAN's technology portfolio.
• Strengthens Wi-LAN's presence in semiconductor manufacturing.
• Potential for increased revenue through enhanced patent monetization.

Negative

• None.

OTTAWA, ON, Sept. 30, 2020 /PRNewswire/ - Wi-LAN Inc. ("WiLAN"), a Quarterhill Inc. ("Quarterhill") company (TSX: QTRH) (OTCQX: QTRHF), today announced that WiLAN's wholly-owned subsidiary, Elpis Technologies Inc., has acquired an additional portfolio of patents from International Business Machines Corporation ("IBM"). The newly acquired patents relate to semiconductor manufacturing process technologies. All other terms of the 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 Intellectual Property and Intelligent Transportation System (ITS) industries. Our goal is to pursue an investment strategy that capitalizes on attractive market trends in both ITS and its adjacent markets. 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.

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SOURCE Wi-LAN Inc.

FAQ

What patents did Wi-LAN acquire from IBM?

Wi-LAN acquired a portfolio of patents related to semiconductor manufacturing process technologies.

What is the significance of the IBM patent acquisition for QTRHF?

The acquisition is expected to strengthen Wi-LAN's intellectual property portfolio, potentially leading to increased revenues.

When was the patent acquisition announced?

The acquisition was announced on September 30, 2020.

How does this acquisition impact Quarterhill's market strategy?

The acquisition aligns with Quarterhill's goal of pursuing growth in the Intellectual Property sector, enhancing their competitive edge.