Wireless technology licensing company WiLAN and chippy producers of low energy bluetooth and others CSR have given up the ghost, finally coming to an agreement that will stop all current litigation.
The deal will now be settled out of court. Financial terms have not been disclosed, but CSR is set for signing a mutli-icensing agreement to access WiLAN's patent portfolio. WiLAN had previously shouted at tech companies for infringing on one of its patents, related to Bluetooth. The litigation agreement came to a close at the U.S. District Court for the Eastern District of Texas.
CSR's main beat is Bluetooth and chips.
WiLAN expects a definitive agreement to be signed over the coming weeks. The licence arrangements were signed through a memorandum of understanding and will last for a "multi-year" timeframe.
WiLAN has, it says, over 1,100 issued or pending patents.
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Wi-LAN Inc. ("WiLAN" or the "Company") (TSX:WIN), a leading technology innovation and licensing company, today announced that CSR plc ("CSR") and WiLAN have signed a memorandum of understanding in which WiLAN and CSR shall enter into licensing arrangements that include a multi-year license to WiLAN's patent portfolio.
The agreement will include the dismissal of all litigation between the companies, and the dismissal of all litigation between WiLAN and CSR customers relating to CSR products, in the U.S. District Court for the Eastern District of Texas. WiLAN expects a final definitive agreement to be signed within the next few weeks. Specific financial terms of the agreement reached are confidential.