WiLAN Subsidiary Signs Agreement with Security Camera Manufacturer
Wi-LAN Inc., a subsidiary of Quarterhill (TSX: QTRH, OTCQX: QTRHF), announced a new licensing agreement with a prominent provider of security video solutions.
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Wi-LAN Inc., a subsidiary of Quarterhill (TSX: QTRH, OTCQX: QTRHF), announced a new licensing agreement with a prominent provider of security video solutions. This agreement pertains to multiple security video technologies. The specific financial terms of the agreement remain confidential. Wi-LAN is recognized as a leading patent monetization firm and operates across various markets, including automotive and medical technologies.
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OTTAWA, ON, June 23, 2021 /PRNewswire/ - Wi-LAN Inc. ("WiLAN"), a Quarterhill Inc. ("Quarterhill") company (TSX: QTRH) (OTCQX: QTRHF), today announced that WiLAN's wholly-owned subsidiary, Security Video Camera Systems Inc. ("SVCS"), has entered into a license agreement with a leading security video and solution provider. The license covers various security video technologies.
The consideration payable to SVCS and all other terms of the license 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:http://www.prnewswire.com/news-releases/wilan-subsidiary-signs-agreement-with-security-camera-manufacturer-301318073.html
SOURCE Wi-LAN Inc.
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