WiLAN Provides Litigation Update on Hon Hai Suit
OTTAWA, CANADA, Oct 26, 2012 (Menafn - MARKETWIRE via COMTEX) --Wi-LAN Inc. ("WiLAN") WILN today provided alitigation update.
On October 1, 2012, WiLAN filed a law suit against Hon Hai PrecisionIndustry Co. Ltd. ("Hon Hai") in Florida State Court concerning HonHai's failure to report sales and revenues as required under alicense agreement signed with WiLAN in January 2008.
Subsequently, on October 23, 2012, Hon Hai filed a suit in New Yorkrequesting a declaration that Hon Hai does not infringe WiLAN'sV-Chip patent and to declare the patent invalid. WiLAN has not yetbeen served with the New York suit.
WiLAN believes that Hon Hai's filing of this suit in New York is atactical response related to WiLAN's filing of the initial suit inFlorida. This tactic was anticipated by WiLAN as one possibleresponse by Hon Hai, and is not entirely unexpected.
WiLAN does not consider these suits to be material changes. Hon Haiis a relatively small TV and display licensee in terms of itshistorical payments to WiLAN. Aggregate TV and display revenuescontinue to be consistent with management's expectations.
WiLAN's key V-Chip patent was put into re-exam several years ago atthe request of a third party. As a result of the re-exam process, theUnited States Patent and Trademark Office ("USPTO") confirmed thevalidity of all claims in the patent and added more than 30 newclaims. The re-examination certificate was issued by the USPTO onAugust 21, 2012.
WiLAN's ongoing V-Chip case against LG Electronics, Inc. is scheduledfor oral arguments to the U.S. Federal Circuit Court of Appeals onDecember 5, 2012.
WiLAN, founded in 1992, is a leading technology innovation andlicensing company. WiLAN has licensed its intellectual property toover 260 companies worldwide. Inventions in our portfolio have beenlicensed by companies that manufacture or sell a wide range ofcommunication and consumer electronics products including 3G and 4Ghandsets, Wi-Fi-enabled laptops, Wi-Fi and broadband routers, xDSLinfrastructure equipment, cellular base stations and digital TVreceivers. WiLAN has a large and growing portfolio of more than 3,000issued or pending patents. For more information: www.wilan.com.
This news release contains forward-looking statements andforward-looking information within the meaning of the U.S. PrivateSecurities Litigation Reform Act of 1995 and other United States andCanadian securities laws. The phrases "WiLAN believes", "continue tobe", "is scheduled" and similar terms and phrases are intended toidentify these forward-looking statements. Forward-looking statementsand forward-looking information are based on estimates andassumptions made by WiLAN in light of its experience and itsperception of historical trends, current conditions and expectedfuture developments, as well as other factors that WiLAN believes areappropriate in the circumstances. Many factors could cause WiLAN'sactual performance or achievements to differ materially from thoseexpressed or implied by the forward-looking statements orforward-looking information. Such factors include, withoutlimitation, the risks described in WiLAN's March 9, 2012 annualinformation form for the year ended December 31, 2012 (the "AIF").Copies of the AIF may be obtained at www.sedar.com or www.sec.gov.WiLAN recommends that readers review and consider all of these riskfactors and notes that readers should not place undue reliance on anyof WiLAN's forward-looking statements. WiLAN has no intention andundertakes no obligation to update or revise any forward-lookingstatements or forward-looking information, whether as a result of newinformation, future events or otherwise, except as required by law.
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SOURCE: Wi-LAN Inc.
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