WiLAN to assist in licensing Espial's patent portfolio
OTTAWA, Feb. 13, 2013 /CNW/ - Espial® Group Inc. ("Espial" or the "Company"), (TSX: ESP), a leader in
on-demand TV software and solutions, today announced that Wi-LAN Inc.
("WiLAN") (TSX:WIN) (NASD:WILN) and Espial have entered into an
agreement that will see WiLAN assist Espial in licensing certain of
Espial's patents related to video-over-IP technology.
"Espial is a pioneer in delivery and distribution of video-over-IP
networks. We have invested significantly in innovation and developed a
deep intellectual property portfolio," said Jaison Dolvane, President &
CEO, Espial. "We believe our patents are core to our products, which
have been commercially deployed in many countries since the early
2000s, and are quite valuable to the advancement of the video-over-IP
Added Dolvane, "WiLAN's proven track record makes WiLAN the right
partner to lead the licensing of our patented technologies. We are
excited for the opportunity to work with WiLAN."
"We believe Espial has important patented inventions in the growing
video-over-IP market," said Jim Skippen, President & CEO, WiLAN. "This
partnership brings together two companies with a breadth of experience
developing and licensing digital TV technology and we will work to
develop a licensing program beneficial to both companies."
WiLAN's subsidiary Gladios IP will assume day-to-day responsibility for
developing programs aimed at licensing Espial's patents. Under the
terms of the agreement, Espial and WiLAN will share the net revenues
generated. All other terms of the agreement are confidential.
About Espial (www.espial.com)
Espial is a leading supplier of digital TV and IPTV software and
solutions to cable MSOs and telecommunications operators as well as
consumer electronics manufacturers. Espial's middleware,
video-on-demand, and browser products power a diverse range of pay-TV
and Internet TV business models. Over 10 million licenses of its
patented software are in use across the world. Espial is headquartered
in Ottawa, Canada and has offices in the United States, Europe, and
Asia. Visit www.espial.com or contact via phone at +1 613 230 4770.
About WiLAN (www.wi-lan.com)
WiLAN, founded in 1992, is a leading technology innovation and licensing
company. WiLAN has licensed its intellectual property to over 260
companies worldwide. Inventions in our portfolio have been licensed by
companies that manufacture or sell a wide range of communication and
consumer electronics products including 3G and 4G handsets,
Wi-Fi-enabled laptops, Wi-Fi and broadband routers, xDSL infrastructure
equipment, cellular base stations and digital television receivers.
WiLAN has a large and growing portfolio of more than 3,000 issued or
pending patents. For more information: www.wilan.com.
Forward Looking Information
This press release contains information that is forward looking
information with respect to Espial within the meaning of Section
138.4(9) of the Ontario Securities Act (forward looking statements) and
other applicable securities laws. In some cases, forward-looking
information can be identified by the use of terms such as "may",
"will", "should", "expect", "plan", "anticipate", "believe", "intend",
"estimate", "predict", "potential", "continue" or the negative of these
terms or other similar expressions concerning matters that are not
historical facts. In particular, statements or assumptions about the
completion of the proposed acquisition of ANT and the timing thereof,
the anticipated synergies of such acquisition, economic conditions,
benefits of new customer and partner relationships, future
opportunities for the company and products and any other statements
regarding Espial's objectives (and strategies to achieve such
objectives), future expectations, beliefs, goals or prospects are or
involve forward-looking information.
Forward-looking information is based on certain factors and assumptions.
While the company considers these assumptions to be reasonable based on
information currently available to it, they may prove to be incorrect.
Forward-looking information, by its nature necessarily involves known
and unknown risks and uncertainties. A number of factors could cause
actual results to differ materially from those in the forward-looking
statements or could cause our current objectives and strategies to
change, including but not limited to ability to successfully license
the patents to third parties, the risk of litigation related to the
licensing of the patents, changing conditions and other risks
associated with the on-demand TV software industry and the market
segments in which Espial operates, competition, Espial's ability to
effectively develop its distribution channels and generate increased
demand for its products, economic conditions, technological change,
unanticipated changes in our costs, regulatory changes, litigation, the
emergence of new opportunities, many of which are beyond our control
and current expectation or knowledge.
Additional risks and uncertainties affecting Espial can be found in
Management's Discussion and Analysis of Results of Operations and
Financial Condition for the fiscal year ended December 31, 2011 filed
on SEDAR at www.sedar.com. If any of these risks or uncertainties were to materialize, or if the
factors and assumptions underlying the forward-looking information were
to prove incorrect, actual results could vary materially from those
that are expressed or implied by the forward-looking information
contained herein and our current objectives or strategies may change.
Espial assumes no obligation to update or revise any forward looking
statements, whether as a result of new information, future events or
otherwise, except as required by law. Readers are cautioned not to
place undue reliance on these forward-looking statements that speak
only as of the date hereof.
SOURCE: ESPIAL GROUP
For further information:
Tel: +1 801 349 2840
Director of Marketing
Tel: +1 613 301 3423
Tel: +1 613 230 4770