WiLAN announced that the Company's subsidiary, Automation Middleware Solutions, Inc., has entered into a patent license agreement with Yokogawa Electric Corporation for technology related to the automation of industrial facilities, including manufacturing plants and refineries.
This patent portfolio was acquired through a licensing partnership with a top industrial development company in May 2015.
Yokogawa is a leading control company in the industrial automation industry. Yokogawa's product offerings include distributed control systems for the monitoring and control of processes in various production facilities.
The consideration to be paid to WiLAN and all other terms of the license agreement are confidential.