WiLAN and Apple sign license agreement

The parties settle all ongoing disputes

OTTAWA (ON), March 22, 2022 /PRNewswire/ – Quarterhill Inc. (“Quarterhill”) (TSX: QTRH) (OTCQX: QTRHF), Wi–LAN Inc. (“WiLAN”) subsidiary and WiLAN subsidiary Polaris Innovations Limited (“Polaris”) announced today entered into a new patent license agreement (the “Agreement”) with Apple Inc. (“Apple”).

The agreement also includes the settlement and dismissal of all pending litigation between WiLAN and Polaris and Apple in United States, Canada and Germany.

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

About WiFi
WiLAN, a Quarterhill company, is one of the most successful patent monetization companies in the world and partners with its clients 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, semiconductors and wireless communication technologies. For more information: www.wilan.com.

About Quarter Hill
Quarterhill is a leading provider of tolling and application solutions in the Intelligent Transportation Systems (ITS) industry, as well as, through its subsidiary Wi-LAN Inc., a leader in intellectual property licensing. Our goal is global leadership in ITS, through the organic growth of the Electronic Transaction Consultants, LLC (ETC) and International Road Dynamics, Inc. (IRD) platforms, and by pursuing an acquisition-driven investment strategy that capitalizes on exciting growth opportunities within ITS. and its adjacent markets. Quarterhill is listed on the Toronto Stock Exchange under the symbol QTRH and on the OTCQX Best Market under the symbol QTRHF. For more information: www.quartierhill.com

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

SOURCEQuarthill Inc.

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