Source: Quarterhill Inc.
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  • Quarterhill (QTRH) has signed a new licence agreement with a company in the automotive industry
  • The licensed patents are related to wireless technology
  • The agreements are through the company’s intellectual property licensing subsidiary WiLAN
  • This marks the second major automotive maker to sign a deal with the company
  • Quarterhill Inc. is up 2.3 percent, trading at $1.78 at 11:11 am ET

Quarterhill (QTRH) has signed a new licence agreement with a company in the automotive industry.

The licensed patents are related to wireless technology.

The agreements are through the company’s subsidiary, WiLAN. The Ottawa-based tech firm is a technology development and intellectual property licensing company that licenses patent portfolios that it owns and also partners with owners of patent portfolios.

“We are very pleased to have now signed a second major automotive maker to our wireless technology patents,” said WiLAN President and CEO Andrew Parolin.

“We believe this license demonstrates the continued strength of WiLAN’s wireless portfolio and, in particular, its relevance to LTE and 5G technology used in many vehicles today.”

Financial terms of the deal were not disclosed.

Quarterhill is a provider of tolling and enforcement solutions in the Intelligent Transportation System industry.

WiLAN operates in a variety of markets including automotive, digital television, Internet, medical, semiconductor and wireless communication technologies.

Quarterhill Inc. is up 2.3 percent, trading at $1.78 at 11:11 am ET.

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