WiLAN Subsidiary and CXMT Enter into License and Acquisition Agreements
QUARTERHILL INC COMMON SHARES (QTRH)
Last quarterhill inc common shares earnings: 11/8 06:30 am
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Source: PR Newswire
OTTAWA and HEFEI, China, Dec. 5, 2019 /PRNewswire/ - Wi-LAN Inc. ("WiLAN"), a Quarterhill Inc. ("Quarterhill") company (TSX: QTRH) (NASDAQ: QTRH) and ChangXin Memory Technologies, Inc. ("CXMT"), today announced that Polaris Innovations Limited ("Polaris"), a wholly owned subsidiary of WiLAN, and CXMT have entered into a patent license agreement and an independent patent acquisition agreement, each relating to certain Dynamic Random Access Memory ("DRAM") patents developed by former DRAM manufacturer Qimonda AG ("Qimonda"). Under the patent license agreement, Polaris grants a license to CXMT for numerous Polaris patents relating to DRAM technologies. The licensed DRAM patents are a subset of the portfolio that Polaris acquired from Infineon Technologies, the former parent company of Qimonda, in June 2015.Under the patent acquisition agreement, CXMT has agreed to acquire a number of Polaris DRAM patents.All other terms of the license and acquisition agreements, including the considerati
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