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Wi-Lan renews patent licensing agreement with Samsung Electronics

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(Globalpost/GlobalPost)

OTTAWA - Wi-Lan Inc. (TSX:WIN)(NASDAQ:WILN) says it has renewed its licensing agreement with Samsung Electronics Co., Ltd.

Under the agreement, Wi-Lan grants Samsung a licence to its patents for wireless products such as handsets, tablets and laptops, and for networking infrastructure equipment.

The new agreement adds "significantly greater patent scope and term of years," Wi-Lan said in a statement.

All other terms of the deal are confidential.

Wi-Lan licenses the rights to patents in its portfolio and earns money through royalty payments from companies that use the protected technology in their products and services.

http://www.globalpost.com/dispatch/news/the-canadian-press/130621/wi-lan-renews-patent-licensing-agreement-samsung-electronics