OTTAWA, July 20, 2017 /CNW/ - Wi-LAN Inc. ("WiLAN"), today announced that its wholly-owned subsidiary Content Delivery Inc. has acquired a portfolio of patents and applications relating to Content Delivery Network ("CDN") technology.
A CDN architecture makes it possible for content providers to simultaneously send the same content to multiple client computing devices efficiently and reliably, even when bandwidth is limited or constrained due to sudden spikes in demand. This is the methodology that is used to serve a large portion of internet content today, including internet television and other video streaming, software downloads and other network services.
For example, major content providers such as Netflix, Hulu and Amazon will often pay CDN operators to deliver their content to end-users using CDN architecture owned by the operator.
Content Delivery Inc. has already documented evidence of use of this portfolio by one major player in the CDN market and will be investigating whether other players utilize the inventions covered by the acquired patents.
No upfront payment was made to acquire this patent portfolio. Net revenues generated from licensing of the patents under the agreement will be shared between WiLAN and the vendor of the patents. All other terms of the agreement are confidential.
WiLAN, a Quarterhill company, is one of the most successful patent licensing companies in the world and helps companies unlock the value of intellectual property by managing and licensing their patent portfolios. The company operates in a variety of markets including automotive, digital television, Internet, medical, semiconductor and wireless communication technologies. For more information: www.wilan.com.
This news release contains forward-looking statements and forward-looking information within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and other United States and Canadian securities laws. Forward-looking statements and forward-looking information are based on estimates and assumptions made by Quarterhill Inc. in light of its experience and its perception of historical trends, current conditions, expected future developments and the expected effects of new business strategies, as well as other factors that Quarterhill believes are appropriate in the circumstances. Many factors could cause Quarterhill's actual performance or achievements to differ materially from those expressed or implied by the forward-looking statements or forward-looking information. Such factors include, without limitation, the risks described in its February 10, 2017 annual information form for the year ended December 31, 2016 (the "AIF"). Copies of the AIF may be obtained at www.sedar.com or www.sec.gov. Quarterhill recommends that readers review and consider all of these risk factors and notes that readers should not place undue reliance on any of Quarterhill's forward-looking statements. Quarterhill has no intention, and undertakes no obligation, to update or revise any forward-looking statements or forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.
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SOURCE Wi-LAN Inc.
For further information: Jeanette Morrison, T: 613.688.3899, E: [email protected]