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Published: 29 November -0001
May 22nd
Wi-LAN and ASUSTeK Sign Multi-Year Wi-Fi License Agreement
Wi-LAN Inc. (\"Wi-LAN\" or the \"Company\") (TSX: WIN), a leading technology innovation and licensing company, today announced that Taiwan\'s ASUSTeK Computer Inc. (ASUS) has signed a five-year license agreement relating to Wi-LAN\'s Wi-Fi patents. The license provides for the payment of a running royalty on branded ASUS notebook PCs, access points and other wireless products sold in North America and includes a payment in respect of past sales.
ASUS is a leading provider of computer, communications and consumer electronics solutions. With a global staff of more than 8000, ASUS generated revenues of U.S. $6.9 billion in 2007. ASUS\' product portfolio includes desktop PCs, motherboards, wireless solutions, mobile phones and networking devices. ASUS also manufactures a wide range of branded ASUS notebook PCs including the Eee PC ultra-mobile computer. ASUS joins other leading computer vendors including Panasonic, Fujitsu, Fujitsu Seimens, Motion Computing and Portable One, in licensing Wi-LAN\'s wireless technology. ASUS\' North American notebook shipments grew significantly in 2007 due in part to the very successful launch of the Eee PC. In 2007, according to market research firm DisplaySearch LLC, ASUS had the largest increase in global notebook shipments of all major notebook vendors. ASUS has stated its goal is to become one of the top five global notebook PC vendors.
\"We are extremely pleased that we were able to negotiate this license agreement with ASUS, the seventh largest and fastest growing notebook computer vendor in the world,\" said Bill Middleton, Senior VP, Licensing & General Counsel. \"With ASUS\' innovative products like the Eee PC and aggressive growth plans, this license agreement could have significant future potential for Wi-LAN.\"
Wi-LAN has a large and growing portfolio of more than 290 issued or pending patents.
About Wi-LAN
Wi-LAN, founded in 1992, is a leading technology innovation and licensing company. Our portfolio of patented inventions applies to a wide range of electronics and communications products. Some of the fundamental technologies covered by Wi-LAN\'s patents include: CDMA, DOCSIS, DSL, GSM/EDGE, V-chip, Wi-Fi and WiMAX. Wi-LAN has licensed its intellectual property to over 100 companies. For more information: www.wi-lan.com.
Forward-looking Information
Certain statements in this release, other than statements of historical fact, may include forward-looking information that involves various risks and uncertainties that face the Company; such statements may contain such words as \"may\", \"would\", \"could\", \"will\", \"intend\", \"plan\", \"anticipate\", \"believe\", \"estimate\", \"expect\" and similar expressions, and may be based on management\'s current assumptions and expectations related to all aspects of the wireless and wireline telecommunications industries and the global economy. Risks and uncertainties that may face the Company include, but are not restricted to: licensing of the Company\'s patents can take an extremely long time and may be subject to variable cycles; the Company is currently almost exclusively reliant on additional licensing of its patent portfolio to generate future revenues and cash flows; the Company may be required to establish the enforceability of its patents in court in order to obtain material licensing revenues; changes in patent laws or in the interpretation or application of patent laws could materially adversely affect the Company; a court may determine that certain of the Company\'s patents are not infringed by certain standards or products or may disagree with management with respect to whether one or more of the Company\'s patents apply to certain standards or products, which could adversely affect the Company; the Company will need to acquire or develop new patents to continue and grow its business; the Company has made and may make acquisitions of technologies or businesses which could materially adversely affect the Company; the Company may require investment to translate its intellectual property position into sustainable profit in the market; the viability of the Company\'s V-chip technology may be subject to continued government support; the Company is dependent on its key officers and employees; and the price of the Company\'s common shares is volatile and subject to market fluctuation.
These risks and uncertainties may cause actual results to differ from information contained in this release, when estimates and assumptions have been used to measure and report results. There can be no assurance that any statements of forward-looking information contained in this release will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral statements containing forward-looking information are based on the estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice. Except as required by applicable laws, the Company assumes no obligation to update forward-looking statements should circumstances or management\'s estimates or opinions change. Readers are cautioned not to place undue reliance on any statements of forward looking information that speak only as of the date of this release. Additional information identifying risks and uncertainties relating to the Company\'s business are contained under the heading \"Risk Factors\" in Wi-LAN\'s current Annual Information Form and its other filings with the various Canadian securities regulators which are available online at www.sedar.com.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States.
All trademarks and brands mentioned in this release are the property of their respective owners.
Contacts: Wi-LAN Inc. Director, Investor Relations and Communications Tyler Burns O: 613-688-4330 C: 613-697-0367
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SOURCE: Wi-LAN Inc.
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