OTTAWA, Oct. 13, 2017 /CNW/ - Wi-LAN Inc. ("WiLAN"), today announced that its wholly-owned subsidiary SecureWave Storage Solutions Inc. has acquired a portfolio of patents which cover a variety of technologies including improvements to securing data for storage devices, such as self-encrypting drives. These improvements prevent unauthorized access to data in client devices, data centers, and servers at the storage device level.
The patents were originally owned by Wave Systems Corp. ("Wave Systems") and were offered for sale as part of a corporate reorganization. Wave Systems developed products with hardware-based protection critical to securing data and was a board member of the Trusted Computing Group, the standard setting body promoting hardware-based security for devices in the personal computing platform such as storage devices.
The portfolio was acquired in a competitive bid process for an undisclosed amount.
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.
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