WiLAN Subsidiaries Reach License Agreement with Micron

OTTAWA (ON), October 21, 2022 /PRNewswire/ – Wi-LAN Inc. (“WiLAN”), a Quarterhill Inc. (“Quarterhill”) (TSX: QTRH) (OTCQX: QTRHF) company today announced that its wholly-owned subsidiary, Innovative Memory Solutions Inc. (“IMS”), North Star Innovations Inc. (“NSI”) and Cetus Technologies Inc. (“Cetus”) have entered into a License and Settlement Agreement with Micron Technology, Inc. (“Micron”).

Micron has licensed patents held by IMS, NSI, and Cetus, which generally relate to semiconductor memory technologies. The agreement also includes the settlement and dismissal of all pending patent litigation with Micron in United States and China.

The license fees payable by Micron and all other terms of the license agreement 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 visit www.quartierhill.com

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

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SOURCEQuarthill Inc.

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