Wi-LAN (TSX:WIN), an Ottawa-based patent licensing company, has settled its legal disputes with another company.
© Mark Holleron
WiLAN CEO Jim Skippen.
The agreement announced on Wednesday will see HTC license several patents from WiLAN related to mobile phones and tablets. As part of the deal, the five pending lawsuits between the two companies will be settled.
“In taking its first license, HTC will join many other handset makers, including Samsung, LG and Motorola, who recognized the value of the many wireless inventions in our patent portfolio,” said Jim Skippen, WiLAN president and CEO, in a statement.
The company did not release financial details of the deal.
WiLAN announced the settlement of a similar dispute with Alcatel-Lucent on Monday.
The company still has pending lawsuits against Apple, Hewlett-Packard, Novatel Wireless, Sierra Wireless America, BlackBerry, among others.
WiLAN’s share price rose today, up 34 cents to $4.09 as of 1 p.m.