WiLAN Signs Wireless License with LG
QUARTERHILL INC COMMON SHARES (QTRH)
Last quarterhill inc common shares earnings: 11/8 06:30 am
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Source: PR Newswire
Parties Settle Wireless Patent Litigation OTTAWA, Nov. 25, 2019 /PRNewswire/ - Wi-LAN Inc. ("WiLAN"), a Quarterhill Inc. ("Quarterhill") company (TSX: QTRH) (NASDAQ: QTRH), today announced that WiLAN has entered into a license agreement and settled all pending wireless patent litigation with LG Electronics ("LG"). Subject to the license agreement, LG has obtained a multi-year license to certain WiLAN patents related to wireless technology. This is the second license LG has taken to WiLAN's wireless patent portfolio; the first license LG received from WiLAN was concluded in 2010. The license fees paid to WiLAN and all other terms of this agreement are confidential.As a result of this agreement, civil action 3:18-cv-01577 in the Southern District of California, case T-1349-17 in the Federal Courts of Canada and case 7 O 152/17 in the Manheim Court in Germany all will be dismissed. Civil action 2:13-cv-04895 in the District Court of New Jersey, relating to imaging technologies and telev
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