WiLAN Subsidiary Enters into License Agreement with Lexmark (ccnm)

OTTAWA, CANADA--(Marketwired - Sept. 2, 2015) - WiLAN (TSX:WIN) (NASDAQ:WILN) today announced that the Company's subsidiary, Open Network Systems Inc., has entered into a patent license agreement with Lexmark International Inc. The licensed patents relate to networking capabilities of non-standard devices. The licensed technologies enable devices, including point of sale terminals, printers and smart TVs, to communicate on a network. WiLAN had acquired these patents through a licensing partnership in April 2014.

The license resolves litigation pending in the District of Delaware. The consideration paid and the terms of the license agreement are confidential.

Under its licensing partnership model, WiLAN typically offers little to no upfront payment to acquire portfolios. Patent vendors receive all or most of their compensation once WiLAN has successfully licensed the relevant portfolio.