Rahul Sharma (Editor)

WiLAN

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Type
  
Public

Industry
  
Patent monetization

Headquarters
  
Ontario, Canada

Founded
  
1992

Traded as
  
TSX: WIN NASDAQ: WILN

Area served
  
Worldwide

Founder
  
Hatim Zaghloul

Key person
  
James Skippen

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Key people
  
Jim Skippen, President and CEO Michael B. Vladescu, COO Shaun McEwan, CFO

Products
  
Bluetooth, LTE, WiMAX, WiFi, CDMA, DOCSIS

Stock price
  
WIN (TSE) CA$ 2.44 +0.05 (+2.09%)31 Mar, 4:00 PM GMT-4 - Disclaimer

Subsidiaries
  
Automation Middleware Solutions, Inc.

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WiLAN (trading as Wi-LAN Inc.) is a technology development and intellectual property licensing company with headquarters in Ottawa, Canada. WiLAN licenses patent portfolios that it owns and also partner with owners of patent portfolios through its subsidiary, Gladios IP. According to the New York Times, "As of December 31, 2011, WiLAN had a portfolio of approximately 3,000 patents, including issued and pending patents and foreign equivalents." WiLAN, through its subsidiary, Cygnus Broadband, conducts ongoing research and development into advanced wireless communication systems.

Contents

Wi-LAN Inc. is listed on the Toronto Stock Exchange and the NASDAQ.

History

In 1992, Hatim Zaghloul and Michel Fattouche co-founded WiLAN after they developed together the Wideband Orthogonal Frequency Division Multiplexing (WOFDM), and Multi-code Direct-sequence Spread Spectrum (MCDSSS). Through WiLAN's efforts, the Federal Communications Commission (FCC) has allowed OFDM technology over the 2.4 GHz unlicensed ISM band for the Institute of Electrical and Electronics Engineers (IEEE) 802.11 standards. MC-DSSS (MultiCode-Direct-sequence Spread Spectrum) is central to high speed CDMA applications, the main technology currently used by many cellphone networks.

In 1998, WiLAN had its initial public offering, where the company raised double the amount of its expectations.

In November 1999, WiLAN and Philips invited companies to attend a meeting to form an alliance to promote the OFDM technology and its applications. Fifty five companies attended the meeting and formed the OFDM Forum in March 2000. WiLAN was also a founding member of the WiMAX Forum together with Ensemble, CossSpan, Harris, and Nokia.

From its founding in 1992 to 2000, WiLAN enjoyed success as interest and investment in the tech industry grew. However, in 2000, when the world's first tech bubble collapsed, WiLAN's fortunes changed. At the start of 2000, WiLAN's share price was at $80. By the end of that year, WiLAN's share price had dropped by 90 per cent.

Refocusing business in 2006

2006 was a landmark year for WiLAN. It was in 2006 when WiLAN chose to fundamentally change their business model. Instead of focusing on research and development and trying to commercialize its patent technology, in 2006 WiLAN divested its various technology product lines to refocus its business on licensing intellectual property and patent rights.

Moving forward, WiLAN's company goals would center around licensing its own technology patents to third-party companies, as well as licensing patents it had acquired.

In line with WiLAN's refocus on patent licensing, in late 2005 the company brought in Jim Skippen, who had previous experience in licensing technology from working at Mosaid as a senior vice president of patent licensing and general counsel.

In 2006, WiLAN also moved from its original location in Calgary, Canada to Ottawa, where the company has remained since. That same year, WiLAN acquired Tri-Vision a company that developed a key ingredient in the V-Chip technology. WiLAN also signed a $50 million license deal with Nokia, allowing Nokia to use WiLAN's wireless patents.

A year after refocusing its business model, WiLAN's balance sheet was more positive.

From 2006 to 2011, WiLAN expanded its portfolio of patents from 20 to 3,000. WiLAN in turn licensed out this patented technology to technology giants, such as Nokia, LG Electronics, Samsung, Fujitsu, RIM, Intel, Broadcom and Panasonic.

In 2014 and 2015, WiLAN continued to acquire new patents and also demonstrated signs of branching out their patent acquisitions into new industries, such as industrial automation and the medical industry.

In 2015, WiLAN announced that it had gained a new portfolio of 7,000 patents in technology related to access memory, flash memory, semiconductor manufacturing, and other technologies. Labeled the “Qimonda portfolio”, in June 2015, WiLAN announced it had signed a multi-year licensing agreement with Samsung, allowing Samsung to use technology in WiLAN's new Qimonda portfolio.

Restructuring in 2015

In late 2015, WiLAN announced that, beginning in October 2015, it would undergo a significant company restructuring. As part of this restructuring, WiLAN announced that it would spin off its research and development unit and cut its dividend to shareholders. The restructuring would affect 30 per cent of WiLAN's workforce.

WiLAN's restructuring involved another shift in the company’s business focus. Moving forward, instead of owning patents directly, WiLAN would focus on licensing patent portfolios owned by other companies and providing turnkey solutions for companies to monetize their patents.

Products

  1. Hopper, DS-SSSS modem, 19.2-115kbit/s, 902-926 MHz unlicensed band - 1993-1999.
  2. Hopper Plus, AWE, DS-SSSS CSK modem, up to 1Mbit/s, 2.4 GHz and 5.7 GHz unlicensed bands - 1994-2000.
  3. BWS, Libra Product Lines, OFDM modem, up to 16Mbit/s, 2.4 GHz - 1999-2006.

Awards

  1. 2004 Calgary Export Achievement Award for Collaborative Partnerships by the Haskayne School of Management.
  2. Export Achievement Award from Alberta Venture Magazine in 2004
  3. Wireless Communications Association International "Wemmie" Award in 2003. The award was for the Banco Del Pichincha non-line-of-sight network in Ecuador.
  4. Alberta Professional Engineers, Geologists and Geophysicists Association 2002 APEGGA Achievement Award for substantial technological progress.
  5. 1999 recipient of the CATA Alliance Award of Distinction for Emerging Technology.
  6. 1998 ASTECH Award for "Small Business"
  7. One of four finalists for the 1997 ASTECH Award for "Small Business"
  8. 1993 Electronic Industries Association of Alberta (EIAA) "Award for best technology".
  9. Wireless Communications Association (WCA) International "Wemmie" in the "Most Effective Educational Program" category for the Northern Lights School Division network in Northern Alberta.

References

WiLAN Wikipedia