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Wi-LAN Signs V-chip Licenses With Major Electronics Manufacturers
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29 Jan 2008 08:31 ET MarketwireWi-LAN Inc.January 29, 2008 - 08:31:16 AMWi-LAN Signs V-chip Licenses With Major Electronics ManufacturersOTTAWA, CANADA--(Marketwire - Jan. 29, 2008) - Wi-LAN Inc. ("Wi-LAN", or the"Company") (TSX:WIN), a leading technology innovation and licensing company,today announced that it has signed a license agreement for its U.S. andCanadian V-chip Patents with Tatung Company (Tatung). Wi-LAN also announcedthat it has signed a license agreement for its U.S V-chip Patent with Hon HaiPrecision Industry Co., Ltd. (Hon Hai). These agreements provide for thepayment of running royalties for the lives of the Patents and includeprovisions for payment in respect of past sales.Tatung is a worldwide leader in the design and manufacturing of a vast arrayof digital consumer products, including consumer PCs, LCD TVs,network-connected devices, storage-based media players, videophones and homeappliances. Tatung also delivers advanced products for business computing,such as Tablet PCs, blade servers and wireless thin clients.Hon Hai, which goes by the trade name Foxconn, is the world's largest contractelectronics manufacturer. Hon Hai manufacturers a variety of computer,consumer electronics and communication products for major brand name customersaround the world. Hon Hai has more than 500,000 employees and generatedrevenues of over US$40 Billion in 2006. "Tatung, a well known brand, and Hon Hai are very welcome additions to ourV-chip licensee family," said Najmul Siddiqui, President, Wi-LAN V-chip Corp."With large manufacturing capabilities in China, Hon Hai has become China'slargest exporter. These license agreements could have significant futurepotential for Wi-LAN.""These license agreements are the latest examples of the solid progress thatour V-chip licensing team has made in 2008," said Jim Skippen, President &CEO, Wi-LAN. "As discussions with various manufacturers continue, we expect tosign a number of wireless and V-chip license agreements in the coming months."126 licenses for Wi-LAN's Canadian or U.S. V-chip Patents have been signedwith electronics manufacturers in Korea, Japan, Taiwan, China, Thailand,Singapore, Hong Kong, Denmark, Canada and the United States.Wi-LAN has a large and growing portfolio of more than 280 issued or pendingPatents.About Wi-LANWi-LAN, founded in 1992, is a leading technology innovation and licensingcompany. Our portfolio of patented inventions applies to a wide range ofelectronics and communications products. Some of the fundamental technologiescovered by Wi-LAN's patents include: CDMA, DOCSIS, DSL, GSM/EDGE, V-chip,Wi-Fi and WiMAX. Wi-LAN has licensed its intellectual property to a growingnumber of companies around the world. For more information: www.wi-lan.com.Forward-looking Informationinformation that involves various risks and uncertainties that face theCompany; such statements may contain such words as "may", "would", "could","will", "intend", "plan", "anticipate", "believe", "estimate", "expect" andsimilar expressions, and may be based on management's current assumptions andexpectations related to all aspects of the wireless and wirelinetelecommunications industries and the global economy. Risks and uncertaintiesthat may face the Company include, but are not restricted to: licensing of theCompany's patents can take an extremely long time and may be subject tovariable cycles; the Company is currently almost exclusively reliant onadditional licensing of its patent portfolio to generate future revenues andcash flows; the Company may be required to establish the enforceability of itspatents in court in order to obtain material licensing revenues; changes inpatent laws or in the interpretation or application of patent laws couldmaterially adversely affect the Company; a court may determine that certain ofthe Company's patents are not infringed by certain standards or products ormay disagree with management with respect to whether one or more of theCompany's patents apply to certain standards or products, which couldadversely affect the Company; the Company will need to acquire or develop new patents to continue and growits business; the Company has made and may make acquisitions of technologiesor businesses which could materially adversely affect the Company; the Companymay require investment to translate its intellectual property position intosustainable profit in the market; the viability of the Company's V-chiptechnology may be subject to continued government support; the Company isdependent on its key officers and employees; and the price of the Company'scommon shares is volatile and subject to market fluctuation. These risks anduncertainties may cause actual results to differ from information contained inthis release, when estimates and assumptions have been used to measure andreport results. There can be no assurance that any statements offorward-looking information contained in this release will prove to beaccurate. Actual results and future events could differ materially from thoseanticipated in such statements. These and all subsequent written and oralstatements containing forward-looking information are based on the estimatesand opinions of management on the dates they are made and expressly qualifiedin their entirety by this notice. Except as required by applicable laws, theCompany assumes no obligation to update forward-looking statements shouldcircumstances or management's estimates or opinions change. Readers arecautioned not to place undue reliance on any statements of forward lookinginformation that speak only as of the date of this release. Additionalinformation identifying risks and uncertainties relating to the Company'sbusiness are contained under the heading "Risk Factors" in Wi-LAN's currentAnnual Information Form and its other filings with the various Canadiansecurities regulators which are available online at www.sedar.com.This press release does not constitute an offer to sell or a solicitation ofan offer to buy any securities in the United States.All trademarks and brands mentioned in this release are the property of theirrespective owners.FOR FURTHER INFORMATION PLEASE CONTACT: Wi-LAN Inc. Tyler Burns Director, Investor Relations and Communications C:613-697-0367 O: 613-688-4330 tburns@wi-lan.com
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