WiLAN (WILN), Samsung Enter Multi-Year Licensing Agreement Tied to Qimonda Patent Portfolio

WiLAN (NASDAQ: WILN) announced that Samsung Electronics Co., Ltd. ("Samsung") and WiLAN's wholly-owned subsidiary, Polaris Innovations Limited ("Polaris"), have signed a multi-year license agreement related to the Qimonda patent portfolio acquired by WiLAN from Infineon Technologies AG ("Infineon").

"We are pleased to have signed our first license to the Qimonda portfolio," said Jim Skippen, President & CEO, WiLAN. "The agreement with Samsung provides a promising start to this licensing program and confirms the value of the Qimonda portfolio. WiLAN's management believes that a significant percentage of the microchips currently being manufactured in the world today most likely are covered by claims associated with the patents in this portfolio. Consequently, our team will be working hard to finalize additional license agreements for the portfolio, since many companies will likely want to take a license."

The Qimonda portfolio of over 7,000 patents and applications includes technologies related to DRAM, FLASH memory, semiconductor processes, semiconductor manufacturing, lithography, packaging, semiconductor circuitry and memory interfaces. The portfolio has broad relevance to many semiconductor products. The issued patents in the portfolio have an average remaining life of over 8 years. The portfolio includes approximately 5,000 US patents and applications.

The patented inventions in the portfolio were developed by Qimonda, Infineon and Siemens AG ("Siemens"). These companies have been pioneers in semiconductor design and manufacturing since 1953, when Siemens became the first company to successfully manufacture the ultra-pure silicon needed for semiconductor components. Qimonda, which had been a part of Infineon, went public in 2006 to form, at the time, the second largest DRAM manufacturer in the world. Qimonda's products included DRAM, graphics RAM, mobile RAM and FLASH memory.

WiLAN provided guidance on April 29, 2015 that it expected revenues for the second quarter of 2015 to be at least US $18.3 Million. WiLAN now expects revenues for the second quarter of 2015 to be in excess of US $34 Million.

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