OTTAWA,
Canada – April 4, 2018
– Wi-LAN Inc. (“WiLAN”), a Quarterhill Inc.
(“Quarterhill”) company (TSX: QTRH) (NASDAQ: QTRH), today announced that its
wholly-owned subsidiary, Anton Innovations, Inc., has granted a license for
certain patents owned by Anton Innovations to MSI Computer Corporation
(“MSI”). The licensed patents relate to multi-modal Wi-Fi technology.
MSI is a Taiwanese
multinational information technology corporation. It designs, develops
and provides computer hardware,
related products and services.
The consideration paid
to WiLAN and all other terms of the license agreement are confidential.
About WiLAN
WiLAN,
a Quarterhill company, is one of the most successful patent licensing companies
in the world and helps companies unlock the value of intellectual property by
managing and licensing their patent portfolios.
The company 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 focused on the
disciplined acquisition, management and growth of companies in dedicated
technology areas including, vertical market software and solutions, intelligent
industrial systems, and innovation and licensing. Quarterhill’s emphasis is on seeking out
acquisition opportunities at reasonable valuations that provide a foundation
for recurring revenues, predictable cash flows and margins, profitable growth,
intimate customer relationships and dedicated management teams. Quarterhill is listed on the TSX and NASDAQ
under the symbol QTRH. For more information: www.quarterhill.com.
Forward-looking
Information
This news release contains
forward-looking statements and forward-looking information within the meaning
of the U.S. Private Securities Litigation Reform Act of 1995 and other United
States and Canadian securities laws. Forward-looking statements and
forward-looking information are based on estimates and assumptions made by Quarterhill
in light of its experience and its perception of historical trends, current
conditions, expected future developments and the expected effects of new
business strategies, as well as other factors that Quarterhill believes are
appropriate in the circumstances. Many factors could cause Quarterhill's actual
performance or achievements to differ materially from those expressed or
implied by the forward-looking statements or forward-looking information. Such
factors include, without limitation, the risks described in its March 1, 2018
annual information form for the year ended December 31, 2017 (the
"AIF"). Copy of the AIF may be
obtained at www.sedar.com or www.sec.gov. Quarterhill recommends that readers review and consider all of
these risk factors, and notes that readers should not place undue reliance on
any of Quarterhill's forward-looking statements. Quarterhill has no intention,
and undertakes no obligation, to update or revise any forward-looking
statements or forward-looking information, whether as a result of new
information, future events or otherwise, except as required by law.
All trademarks
and brands mentioned in this release are the property of their respective
owners.
For inquiries, please contact:
Jeanette Morrison
T: 613.688.3899
E: jmorrison@wilan.com