Local intellectual property firm Wi-LAN Inc. (TSX:WIN) announced Wednesday that it will assist Ottawa-based Espial Group Inc. (TSX:ESP) license some of its patents related to video-over-IP technology.
Espial's Jaison Dolvane. (Photo by Joël Côté-Cright)
Espial, a digital software provider, will share with WiLAN net revenues generated from the patents, according to a company release.
“We believe our patents are core to our products, which have been commercially deployed in many countries since the early 2000s, and are quite valuable to the advancement of the video-over-IP industry,” stated Espial president and CEO Jaison Dolvane.
WiLAN’s subsidiary Gladios IP will assume responsibility for developing programs aimed at licensing Espial’s patents. All other terms of the agreement are confidential, according to the release.
“This partnership brings together two companies with a breadth of experience developing and licensing digital TV technology and we will work to develop a licensing program beneficial to both companies,” stated WiLAN president and CEO Jim Skippen.
Espial has issued more than 10 million licenses of its patented software that are currently in use across the world.
Earlier this month, Espial finalized its acquisition of ANT plc, an embedded software company in the United Kingdom.
In January, WiLAN signed an agreement with British Telecommunications Plc. to help the company license some of its technology patents.