WiLAN Subsidiaries Sign License Agreement with PSMC
OTTAWA, ON, July 6, 2021 /PRNewswire/ - Wi-LAN Inc. ("WiLAN"), a Quarterhill Inc. ("Quarterhill") company (TSX: QTRH) (OTCQX: QTRHF), today announced that WiLAN's wholly-owned subsidiaries, Cetus Technologies Inc. ("Cetus") and North Star Innovations Inc. ("North Star"), have granted a license for patents owned by Cetus and North Star to Powerchip Semiconductor Manufacturing Corporation ("PSMC").
The Cetus and North Star patents generally relate to design or manufacturing of semiconductor devices including memory and logic chips; the portfolios were acquired from Panasonic Corporation in January 2018 and Freescale Semiconductor in November 2015, respectively.
"This agreement with PSMC follows the previous one concluded in December 2018 relating to patents owned by WiLAN's other wholly-owned subsidiary, Polaris Innovations Limited," said Michael Vladescu, WiLAN President and CEO. "It also adds to transactions relating to the Cetus Portfolio and the North Star Portfolio, both of which have seen increasing traction in our cntinuing efforts to license semiconductor technologies to companies around the world."
The consideration paid by PSMC and all other terms of the license agreement are confidential.
All trademarks and brands mentioned in this release are the property of their respective owners.
SOURCE Wi-LAN Inc.
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