WiLAN (WILN), the patent licensing company run by CEO Jim Skippen, said it has licensed its wireless patent portfolio including Wi-Fi, HSPA, CDMA and LTE-related technologies to NEC Corp.
NEC is a leading multinational provider of telecom carrier equipment and was founded in 1899. This is the third license that NEC Corporation has taken to WiLAN technologies.
The consideration to be paid to WiLAN and all other terms of the license agreement are confidential.
WiLAN also said yesterday its Advanced Microscopy Inc. unit entered into a settlement agreement with Keyence Corp. of America.
Ottawa, Ontario-based WiLAN said the agreement resolves litigation pending in U.S. District Court in Wilmington, Delaware.
The consideration to be paid to WiLAN and all other terms of the agreement are confidential.
The license relates to technology that provides enhanced image processing capabilities. Potential applications relate to the life sciences, material sciences, and semiconductor research.
This patent portfolio was acquired through a licensing partnership with a top research institution in April 2015. This is the fourth license WiLAN has secured to this portfolio after licenses to Leica Microsystems Inc., Olympus Corp. and Nikon Corp.
Under its licensing partnership model, WiLAN typically offers little to no upfront payment to acquire portfolios. Patent vendors receive all or most of their compensation after WiLAN has successfully licensed the relevant portfolio.
Advanced Microscopy also has related pending infringement actions against Carl Zeiss Microscopy LLC.
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