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Wi-LAN Inc (WILN.O)

WILN.O on Nasdaq

1.41USD
26 May 2017
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$-0.00 (-0.00%)
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Latest Key Developments (Source: Significant Developments)

A German patent court acknowledged receipt of nullity actions filed by Nvidia
Tuesday, 23 May 2017 04:38pm EDT 

May 23 (Reuters) - Nvidia Corp :On March 31, A German patent court acknowledged receipt of nullity actions filed by co challenging validity of EP1428225 and DE 1020066043668.Polaris Innovations Limited has not yet responded to actions.On May 9, co filed motion to stay action pending final resolution of ipr of U.S. Patents nos. 7,886,122; 7,124,325; and 8,161,344.  Full Article

Wi-Lan acquires Viziya Corporation
Thursday, 4 May 2017 06:32am EDT 

May 4 (Reuters) - Wi-Lan Inc ::Wi-Lan acquires Viziya Corporation.Wi-Lan inc - Wilan's cost of acquisition will be approximately $40.5 million.Wi-Lan inc - Wilan will fund cash portion of acquisition with cash and cash equivalents on hand.  Full Article

Wi-Lan Q1 loss per share $0.06
Thursday, 4 May 2017 06:30am EDT 

May 4 (Reuters) - Wi-Lan Inc ::Wi-Lan reports 2017 first quarter financial results.Q1 gaap loss per share $0.06.Wi-Lan says announced that will change name to quarterhill inc and announced two corporate acquisitions, all of which expected to conclude in q2.Wi-Lan - in 3-month period ended march 31, 2017, had negative ebitda $1.9 million,$0.02/ basic earnings per share, versus positive ebitda $19.8 million or $0.16 per basic share.Wi-lan-"we expect an increase in litigation expenses in fiscal 2017 due to expected level of litigation activities and corresponding fee arrangements".Wi-Lan says operating expense guidance, previously provided for exclusively patent licensing business, will no longer be provided for fy 2017.Q1 revenue $7.6 million versus $30.2 million.  Full Article

Wi-Lan to acquire International Road Dynamics for $63.5 mln
Monday, 17 Apr 2017 03:57pm EDT 

April 17 (Reuters) - Wi-Lan Inc -:WiLan to acquire International Road Dynamics.Wi-Lan Inc - deal for equity value of approximately $63.5 million.Wi-Lan Inc- Wi-Lan will fund acquisition with cash from its balance sheet, which at december 31, 2016 was $143.1 million.Wi-Lan Inc - deal for $4.25 or us $3.17 per share in cash.Wi-Lan Inc says boards of directors of both wilan and ird have unanimously approved the transaction.Wi-Lan Inc - acquisition of international road dynamics will be immediately accretive to wilan's ebitda.On a combined pro forma basis, for fiscal 2016 wilan would have generated revenue of $188.4 million and ebitda of $76.1 million.Wi-Lan - IRD directors,officers, certain ird shareholders,representing about 25.4% of total ird shares outstanding agreed to tender their ird shares into deal.Wi-Lan inc says all amounts, unless stated otherwise, are in canadian dollars.  Full Article

Wi-Lan names CFO Shaun Mcewan, interim CEO
Monday, 17 Apr 2017 03:55pm EDT 

April 17 (Reuters) - Wi-Lan Inc :Wi-Lan announces corporate developments and new growth strategy.Wi-Lan Inc - James Skippen, president & ceo, will become executive chairman.Paul Mccarten, chairman of board of directors will become independent lead director.Wi-Lan Inc - Wi-Lan will change its name to quarterhill inc on or about june 1, 2017.Wi-Lan Inc- steve thompson, vp finance will become interim cfo.Wi-Lan Inc - effective immediately Shaun Mcewan, cfo, will become interim ceo.Wi-Lan Inc- board of directors has begun search for a full-time ceo.Wi-Lan Inc says acquired businesses will operate independently as subsidiaries of quarterhill.Wi-Lan - quarterhill's growth strategy will focus on acquiring technology companies in industrial internet of things segment across multiple verticals.Wi-Lan Inc- Wi-Lan will continue as a key subsidiary of quarterhill focusing on patent licensing.Wi-Lan Inc - following change of its name to quarterhill, wilan will continue intellectual property licensing business as a subsidiary of quarterhill.Wi-Lan Inc- at December 31, 2016, company had $107.7 million in cash and cash equivalents and no debt.  Full Article

WiLAN's unit entered into patent license agreement with Santa's Best Craft LLC
Monday, 20 Mar 2017 10:00am EDT 

Wi-Lan Inc : WiLAN subsidiary variable lighting inks another license agreement . Consideration paid to WiLAN and all other terms of license agreement are confidential .Wi-Lan Inc says company's subsidiary, Variable Lighting LLC, has entered into a patent license agreement with Santa's Best Craft, LLC.  Full Article

WiLAN subsidiaries enter into license agreements with Nanya Technology
Monday, 23 Jan 2017 06:30am EST 

Wi-Lan Inc : Wi-Lan - Co's units, North Star Innovations, Inc, PLL Technologies, Inc., have entered into patent license agreements with Nanya Technology Corporation .Consideration to be paid to WiLAN and all other terms of license agreements are confidential.  Full Article

Wi-Lan provides litigation update
Wednesday, 18 Jan 2017 05:15pm EST 

Wi-Lan Inc : Wi-Lan provides litigation update . Wi-Lan - update on litigation against Ericsson concerning Wilan's U.S. patent nos. 8,229,437, 8,027,298 and 8,249,014 related to lte technologies . Wi-Lan - in decision released Tuesday, Federal Circuit Court of appeals overturned Florida District Court's negative rulings on three patents at issue .Wi-Lan - Court found 8,229,437 patent should not have been found invalid & 8,027,298, 8,249,014 patents shouldn't have been found non-infringed.  Full Article

Wi-Lan, Funai Electric enter license agreement
Thursday, 29 Dec 2016 10:00am EST 

Wi-Lan Inc : Press release - Wil-Lan and Funai enter license agreement .Consideration to be paid to Wi-Lan and all other terms of license agreement are confidential.  Full Article

Wilan reports Q3 earnings per share $0.01
Thursday, 3 Nov 2016 06:30am EDT 

Wi-lan Inc - : Q3 gaap earnings per share $0.01 . Q3 revenue $16.6 million versus $21.4 million . Cash operating expenses for Q4 2016 are expected to be in range of $8.3 million to $10.8 million .Wilan reports 2016 third quarter financial results.  Full Article

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BRIEF-Wi-Lan acquires Viziya Corporation

* Wi-Lan inc - Wilan's cost of acquisition will be approximately $40.5 million