WiLAN (WILN) Announces Acquisition of Another Panasonic Patent Portfolio

November 7, 2016 10:01 AM EST

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WiLAN (Nasdaq: WILN) announced that the Company's wholly-owned subsidiary, Micro-Optimus Technologies, Inc., has acquired a portfolio of patents from Panasonic Corporation. The portfolio covers motion sensing microelectromechanical systems (MEMS) technologies used in a variety of consumer devices, including fitness trackers and handsets.

This is the third patent assignment agreement under which Panasonic has transferred patents to a WiLAN subsidiary under a licensing partnership framework. Previous agreements involved patent portfolios covering a broad range of technologies including CMOS images sensors, motor drivers, power converters, microcontrollers and semiconductor packaging.

All other terms of the agreement are confidential.

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