WiLAN Signs Wireless License with Motorola
On October 1, 2021, Wi-LAN, a subsidiary of Quarterhill Inc. (TSX: QTRH; OTCQX: QTRHF), announced a licensing agreement with Motorola Mobility LLC.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
On October 1, 2021, Wi-LAN, a subsidiary of Quarterhill Inc. (TSX: QTRH; OTCQX: QTRHF), announced a licensing agreement with Motorola Mobility LLC. This agreement pertains to patents related to wireless technology, although specific terms remain confidential. Wi-LAN specializes in patent monetization across various markets, including automotive and wireless communications, while Quarterhill focuses on growth within the Intelligent Transportation System industry.
Positive
- Secured a licensing agreement with Motorola Mobility, enhancing revenue potential.
- Wi-LAN's expertise in patent monetization across diverse markets strengthens its position.
Negative
- None.
Details
News Market Reaction – QTRHF
The recorded move for QTRHF in the trading session of this news was +2.28%.
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AI-generated analysis. How Rhea-AI works. Not financial advice.
OTTAWA, ON, Oct. 1, 2021 /PRNewswire/ - Wi-LAN Inc. ("WiLAN"), a Quarterhill Inc. ("Quarterhill") company (TSX: QTRH) (OTCQX: QTRHF), today announced that WiLAN has entered into a license agreement with Motorola Mobility LLC. The licensed patents relate to wireless technology. The terms and conditions of this agreement are confidential.
About WiLAN
WiLAN, a Quarterhill company, is one of the most successful patent monetization companies in the world and partners with its customers to unlock the value of intellectual property through various patent monetization models. WiLAN operates in a variety of markets including automotive, digital television, Internet, medical, semiconductor and wireless communication technologies. For more information: www.wilan.com.
About Quarterhill
Quarterhill is a growth-oriented company in the Intelligent Transportation System (ITS) industry as well as a leader in Intellectual Property licensing. Our goal is to execute an investment strategy that capitalizes on attractive growth opportunities within ITS - and its adjacent markets - to become a global leader in that industry. Quarterhill is listed on the TSX under the symbol QTRH and on the OTCQX Best Market under the symbol QTRHF. For more information: www.quarterhill.com.
All trademarks and brands mentioned in this release are the property of their respective owners.
View original content:https://www.prnewswire.com/news-releases/wilan-signs-wireless-license-with-motorola-301389466.html
SOURCE Quarterhill Inc.
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