WiLAN Announces Election of New Independent Directors
OTTAWA, CANADA--(Marketwire - June 4, 2010) - Wi-LAN Inc. ("WiLAN" or the "Company") (TSX:WIN), a leading technology innovation and licensing company, today announced that two new independent directors, Mr. W. Paul McCarten and Mr. Jim Roche, were elected to the Company's Board of Directors at WiLAN's 2010 Annual General & Special Meeting which took place on June 3, 2010.
Mr. McCarten is a partner in the business law group of Borden Ladner Gervais LLP, a large national Canadian law firm. Mr. McCarten is currently the National Secretary of the Board of Directors of the Crohn's and Colitis Foundation of Canada. He previously served as Chair of the Board of Directors of The Canadian Diabetes Association. Mr. McCarten is a member of the Law Society of Upper Canada and the former Chair of the Ontario Bar Association real estate section.
Mr. Roche is President & CEO of Stratford Managers, a company he founded in 2006. Stratford helps businesses, including high technology and manufacturing companies, increase shareholder value. Prior to starting Stratford, Jim was President & CEO of Tundra Semiconductor Corporation, a company he co-founded in 1995. Under his leadership, Tundra grew 25% per year on average and delivered profits after tax of over 10% of revenues. Through organic growth and strategic acquisitions, the company grew to over 300 employees with operations around the world and annual revenues of over $80M. Prior to starting Tundra, he was a founding member in 1986 of Newbridge Networks Corporation, a manufacturer of data and voice communications products. Mr. Roche has served on numerous public, private and non-profit boards including Tundra, Fidus Systems Inc., CANARIE Inc., and the Canadian Microelectronics Corporation.
"WiLAN is very fortunate to have Paul and Jim join our Board. They are both seasoned professionals whose experience and insight will benefit WiLAN as we move through the next phase of growth," said Jim Skippen, Chairman & CEO."
Directors Robert Bramson, Dr. Michel Fattouche, John Gillberry, Bill Jenkins, Rick Shorkey and Jim Skippen were re-elected to WiLAN's Board of Directors during the Company's 2010 Annual General & Special Meeting.
About WiLAN
WiLAN, founded in 1992, is a leading technology innovation and licensing company. WiLAN has licensed its intellectual property to over 220 companies worldwide. Inventions in our portfolio have been licensed by companies that manufacture or sell a wide range of communication and consumer electronics products including 3G cellular handsets, Wi-Fi-enabled laptops, Wi-Fi/DSL routers, xDSL infrastructure equipment, WiMAX base stations and digital television receivers. WiLAN has a large and growing portfolio of more than 800 issued or pending patents. For more information: [ www.wilan.com ].
Forward-looking Information
Certain statements in this release, other than statements of historical fact, may include forward-looking information that involves various risks and uncertainties that face the Company; such statements may contain such words as "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions, and may be based on management's current assumptions and expectations related to all aspects of the wireless and wireline telecommunications industries and the global economy. Risks and uncertainties that may face the Company include, but are not restricted to: licensing of the Company's patents can take an extremely long time and may be subject to variable cycles; the Company is currently reliant on licensees paying royalties under existing licensing agreements and additional licensing of its patent portfolio to generate future revenues and increased cash flows; the Company may be required to establish the enforceability of its patents in court in order to obtain material licensing revenues; changes in patent laws or in the interpretation or application of patent laws could materially adversely affect the Company; a court may determine that certain of the Company's patents are not infringed by certain standards or products or may disagree with management with respect to whether one or more of the Company's patents apply to certain standards or products, which could adversely affect the Company; certain of the Company's patents are, and others may be, subject to administrative proceedings that could invalidate or limit the scope of those patents; the Company will need to acquire or develop new patents to continue and grow its business; fluctuations in foreign exchange rates impact and may continue to impact the Company's revenues and operating expenses, potentially adversely affecting financial results; the Company has made and may make acquisitions of technologies or businesses which could materially adversely affect the Company; the Company may require investment to translate its intellectual property position into sustainable profit in the market; the generation of future V-Chip revenues and the likelihood of the Company signing additional V-Chip licenses could be negatively impacted by changes in government regulation; the Company is dependent on its key officers and employees; the price of the Company's common shares is volatile and subject to market fluctuation; and the Company may be negatively affected by reduced consumer spending due to the uncertainty of economic and geopolitical conditions. These risks and uncertainties may cause actual results to differ from information contained in this release, when estimates and assumptions have been used to measure and report results.
There can be no assurance that any statements of forward-looking information contained in this release will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral statements containing forward-looking information are based on the estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice. Except as required by applicable laws, the Company assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change. Readers are cautioned not to place undue reliance on any statements of forward-looking information that speak only as of the date of this release. Additional information identifying risks and uncertainties relating to the Company's business are contained under the heading "Risk Factors" in WiLAN's current Annual Information Form and its other filings with the various Canadian securities regulators which are available online at [ www.sedar.com ].
This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States.
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