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WiLAN signs wireless license with LG; shares +7% PM

  • WiLAN, a Quarterhill Inc. (NASDAQ:QTRH) company has entered into a license agreement and settled all pending wireless patent litigation with LG Electronics.
  • Subject to the said 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 and all other terms of this agreement are confidential.

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