WiLAN Subsidiary Signs Agreement with Security Camera Manufacturer

Rhea-AI Summary

Wi-LAN Inc., a subsidiary of Quarterhill (TSX: QTRH, OTCQX: QTRHF), announced a new licensing agreement with a prominent provider of security video solutions. This agreement pertains to multiple security video technologies. The specific financial terms of the agreement remain confidential. Wi-LAN is recognized as a leading patent monetization firm and operates across various markets, including automotive and medical technologies.

OTTAWA, ON, June 23, 2021 /PRNewswire/ - Wi-LAN Inc. ("WiLAN"), a Quarterhill Inc. ("Quarterhill") company (TSX: QTRH) (OTCQX: QTRHF), today announced that WiLAN's wholly-owned subsidiary, Security Video Camera Systems Inc. ("SVCS"), has entered into a license agreement with a leading security video and solution provider. The license covers various security video technologies. 

The consideration payable to SVCS and all other terms of the license 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.

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SOURCE Wi-LAN Inc.

FAQ

What recent agreement did Wi-LAN Inc. announce on June 23, 2021?

On June 23, 2021, Wi-LAN Inc. announced a licensing agreement with a leading security video solution provider.

What does the licensing agreement cover for Wi-LAN Inc.?

The licensing agreement covers various security video technologies.

What are the stock symbols for Quarterhill Inc.?

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

What is Wi-LAN known for?

Wi-LAN is known as one of the most successful patent monetization companies globally.

Are the financial terms of the license agreement disclosed?

No, the financial terms of the license agreement are confidential.