Wi-LAN and HTC sign memorandum of understanding
Sep 23, 2013 (MarketLine via COMTEX) --
Wi-LAN Inc., which develops, acquires, and licenses intellectual property, has announced that HTC Corporation, a manufacturer of smartphones and tablets, and WiLAN have signed a binding memorandum of understanding in which HTC has agreed to enter into a multi-year license to certain WiLAN patents for mobile handsets and tablets sold within the US. As part of the agreement, all five of the pending litigations between HTC and WiLAN will be resolved.
WiLAN expects a definitive agreement to be executed by the end of October 2013. Specific financial terms of the agreement reached are confidential, said Wi-LAN.
"We are pleased to have reached this agreement with HTC," said Jim Skippen, President & CEO. "In taking its first license, HTC will join many other handset makers, including Samsung, LG, and Motorola, who recognized the value of the many wireless inventions in our patent portfolio."
Republication or redistribution, including by framing or similar means,
is expressly prohibited without prior written consent. Datamonitor shall
not be liable for errors or delays in the content, or for any actions
taken in reliance thereon
[ Back To Technology News's Homepage ]