WiLAN and Kyocera Enter New Wireless License

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Mar 31, 2022, 06:30 ET

OTTAWA, ON, March 31, 2022 /PRNewswire/ - Quarterhill Inc. ("Quarterhill") (TSX: QTRH) (OTCQX: QTRHF) subsidiary Wi‐LAN Inc. ("WiLAN") today announced that Kyocera Corporation has entered into another multi-year wireless license agreement with WiLAN. WiLAN first signed a license with Kyocera in December 2015.

"We are pleased Kyocera has entered into another wireless license with WiLAN," said Michael Vladescu, WiLAN's President & CEO. "The signing of this new license agreement with Kyocera further validates WiLAN's wireless patent portfolio."

The specific consideration payable under the Agreement and all other terms and conditions are confidential.

About WiLAN
WiLAN, a Quarterhill company, is one of the most successful patent monetization companies in the world and partners with its customers to unlock the value of intellectual property through various patent monetization models. WiLAN operates in a variety of markets including automotive, digital television, Internet, medical, semiconductor and wireless communication technologies. For more information: www.wilan.com.

About Quarterhill
Quarterhill is a leading provider of tolling and enforcement solutions in the Intelligent Transportation System (ITS) industry, as well as, through its Wi-LAN Inc. subsidiary, a leader in Intellectual Property licensing. Our goal is global leadership in ITS, via organic growth of the Electronic Transaction Consultants, LLC (ETC) and International Road Dynamics, Inc. (IRD) platforms, and by continuing an acquisition-oriented investment strategy that capitalizes on attractive growth opportunities within ITS and its adjacent markets. Quarterhill is listed on the TSX under the symbol QTRH and on the OTCQX Best Market under the symbol QTRHF. For more information: www.quarterhill.com

All trademarks and brands mentioned in this release are the property of their respective owners.

SOURCE Quarterhill Inc.