WiLAN Inks Licensing Agreement with SENSIO Technologies
Intellectual property licensing company, WiLAN signed a multiyear exclusive license agreement with SENSIO Technologies, a company that develops and markets stereoscopic image-processing technologies.
As per the deal, WiLAN is now granted all rights to license certain SENSIO patents relating to 3D technologies for digital displays and associated with SENSIO S2D Switch technology. The agreement also grants WiLAN exclusive rights on certain other SENSIO patents within a specific field of use.
'Our exclusive license agreement with SENSIO aligns very well with our existing digital TV and display licensing activities and can open up new opportunities in the realm of 3D technologies,' Jim Skippen, president and chief executive officer at WiLAN said in a statement
'SENSIO''s leadership in developing 3D technologies has resulted in some breakthrough patented innovations which, when combined with WiLAN''s licensing expertise, should provide a promising addition to our current digital TV and display licensing efforts,' Skippen added.
WiLAN's statement also clarified that subject to certain terms of the agreement, net revenue generated from licensing of the patents will be shared between SENSIO and WiLAN. SENSIO will also receive an initial payment. All other terms of the agreement are yet to be disclosed.
After having considered various third party patent licensing options, SENSIO is said to have selected WiLAN because of their strong team of professionals, proven track record and solid financial position. This agreement is believed to help SENSIO maximize the monetization of its patents while letting the company focus on its primary business activity, which is the development and marketing of value-added technologies for its customers.
'We are excited to establish a patent licensing partnership with WiLAN, a true leader in patent licensing and a company with demonstrated success in developing licensing programs in the digital display industry,' said Nicholas Routhier, president and chief executive officer at SENSIO.
Edited by Brooke Neuman
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