WiLAN Subsidiary Acquires Wired Connectivity Patent Portfolio

Rhea-AI Summary

On November 23, 2021, Wi-LAN Inc., a subsidiary of Quarterhill Inc. (TSX: QTRH; OTCQX: QTRHF), announced the acquisition of a patent portfolio from a leading publicly-traded semiconductor technology company. The patents pertain to wired connectivity, focusing on various USB-C technologies applicable in desktop computers, laptops, tablets, mobile phones, gaming consoles, and smart TVs. Specific terms of the transaction remain confidential, indicating a strategic move to enhance Wi-LAN's intellectual property assets in high-demand tech sectors.

Positive

• Acquisition of a strategic patent portfolio enhances Wi-LAN's offerings in wired connectivity and USB-C technologies.
• Positioning in high-demand markets such as consumer electronics, which may lead to potential revenue growth.

Negative

• None.

OTTAWA, ON, Nov. 23, 2021 /PRNewswire/ - Wi-LAN Inc. ("WiLAN"), a Quarterhill Inc. ("Quarterhill") company (TSX: QTRH) (OTCQX: QTRHF), today announced that one of WiLAN's wholly-owned subsidiaries has acquired a patent portfolio from a publicly-traded leader in semiconductor technologies. The acquired patents relate to wired connectivity functionality, including various USB-C technologies used in a wide range of applications such as desktop and laptop computers, tablets, mobile phones, gaming consoles, and smart TVs.  All other terms of the transaction 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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View original content:https://www.prnewswire.com/news-releases/wilan-subsidiary-acquires-wired-connectivity-patent-portfolio-301430541.html

SOURCE Wi-LAN Inc.

FAQ

What is the significance of Wi-LAN's recent patent acquisition on November 23, 2021?

The acquisition enhances Wi-LAN's portfolio in wired connectivity and USB-C technologies, crucial for various consumer electronic applications.

What technologies are covered in the acquired patent portfolio from Wi-LAN?

The patent portfolio includes technologies related to wired connectivity, specifically various USB-C functionalities.

How might the acquisition impact Quarterhill's stock (QTRHF)?

The acquisition could strengthen Wi-LAN's market position and potentially boost revenue, positively influencing Quarterhill's stock performance.

What company did Wi-LAN acquire the patents from?

The patents were acquired from a publicly-traded leader in semiconductor technologies, although the name has not been disclosed.