WiLAN Signs Four New V-Chip Licensees
Thursday, July 28, 2011 11:23:00 AM Global television manufacturers license WiLAN's parental control technology http://media3.marketwire.com/docs/WiLAN_new_logo_200.JPG
Wi-LAN Inc. ("WiLAN" or the "Company") (TSX:WIN) (NASDAQ:WILN), today announced that the Company has signed multi-year running royalty agreements for the Company's U.S. V-Chip patent with Favi Entertainment, HKC Overseas Limited, Makena Electronic (Shenzen) Co., Ltd. and TMAX Digital Inc. Terms of the agreements are confidential.
WiLAN's V-Chip technology, invented by Professor Tim Collings, provides parents the power to block television content that they consider inappropriate. His work has been acknowledged by former U.S. Vice President Al Gore and, in 1996, legislation was passed requiring that V-Chip technology be incorporated in all televisions manufactured for the U.S market.
"Since joining the WiLAN team in 2007, Tim has been a very active contributor to our V-Chip licensing activities and ongoing research and development efforts," said Jim Skippen, Chairman & CEO. "We have licensed our V-Chip technology to 127 companies, many of which are world leading television manufacturers, and we are pleased that unlicensed suppliers and new market entrants are taking licenses."