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Wi-LAN Signs License with Powerstar International
OTTAWA, Canada – August 2, 2007 – Wi-LAN Inc. (TSX: WIN) (“Wi-LAN”), a leading technology licensing company, today announced that it has signed a license agreement with wireless and digital solutions provider Powerstar International Inc. (TSX: PWS) (“Powerstar”). This is the fifth license signed under Wi-LAN’s Early License Program.
Under the terms of the 5-year royalty-based agreement, Powerstar will make quarterly cash payments to Wi-LAN on revenues generated from its Wi-Fi/WiMAX hot spots, based on a 0.5% running royalty.
About Wi-LAN
Wi-LAN, founded in 1992, licenses intellectual property applicable to a full range of products providing access in the communications and consumer electronics markets. Some of the fundamental technologies covered by Wi-LAN’s patents include: CDMA, DOCSIS, DSL, V-chip, Wi-Fi and WiMAX. Wi-LAN has already licensed its intellectual property, which includes 227 issued or pending patents, to a number of the world’s largest companies. For more information: www.wi-lan.com.
Under the terms of the 5-year royalty-based agreement, Powerstar will make quarterly cash payments to Wi-LAN on revenues generated from its Wi-Fi/WiMAX hot spots, based on a 0.5% running royalty.
About Wi-LAN
Wi-LAN, founded in 1992, licenses intellectual property applicable to a full range of products providing access in the communications and consumer electronics markets. Some of the fundamental technologies covered by Wi-LAN’s patents include: CDMA, DOCSIS, DSL, V-chip, Wi-Fi and WiMAX. Wi-LAN has already licensed its intellectual property, which includes 227 issued or pending patents, to a number of the world’s largest companies. For more information: www.wi-lan.com.
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