OTTAWA, June 12, 2017 /PRNewswire/ – Quarterhill Inc. (“Quarterhill”) (TSX, NASD:QTRH) today announced that its wholly-owned subsidiary Wi-LAN Inc. (“WiLAN”) has entered into a wireless patent license agreement with Ericsson.
The license agreement resolves the LTE wireless litigations pending between WiLAN and Ericsson in the Southern District of Florida and the Eastern District of Texas. The consideration and all other terms of the license agreement are confidential.
WiLAN 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.
Quarterhill is a diversified investment holding company focused on growing its business by acquiring technology companies in the Industrial Internet of Things (“IIoT”) segment across multiple verticals. Quarterhill targets companies with a broad range of products and services that capture, analyze and interpret data, and that have strong financial performance, excellent management teams, strong intellectual property underpinnings and significant opportunities to develop long-term recurring and growing revenue streams. Quarterhill is listed on the TSX and NASDAQ under the symbol QTRH. For more information: www.quarterhill.com.