NEWS

WiLAN's 'Automation Middleware Solutions' acquires patented technology portfolio in industrial facilities automation

Friday, May 29, 2015

WiLAN's (WILN +4.8%) Automation Middleware Solutions subsidiary has bought "patented technology that relates to the automation of industrial facilities, including manufacturing plants and refineries."

Along with the deal, WiLAN has ""entered into a licensing partnership, with a pioneering developer of industrial automation technology, which gives WiLAN responsibility for licensing a patent portfolio with demonstrated license value." Revenue from new licenses stemming from the partnership will be shared.

CEO Jim Skippen: "This portfolio has already generated license agreements worth many tens of millions of dollars, and key patents in the portfolio have been affirmed by multiple patent office actions." Last week, WiLAN announced the purchase of a patent portfolio related to data transfer between Wi-Fi and mobile networks

 

seekingalpha.com

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