January 17, 2011 - Wi-LAN, a patent holding company based in Ottawa, Canada, announced on January 14 that it had signed a memorandum of understanding with Intel to end the litigation that the two companies had pending in U.S. District Courts in Texas and California.
Under the agreement, Intel will receive a multi-year license of Wi-LAN's patents in exchange for royalty payments, the amount of which were not disclosed.
Wi-LAN still has litigation pending against other major companies, including Dell, Motorola, Hewlett-Packard and Apple. GPC's Chairman and CEO, Alexander Poltorak, commented on what this settlement will mean for Wi-LAN's future litigation in a number of media outlets, including Portfolio.com (via Reuters) and the National Post (Canada).