Quarterhill subsidiary signs license agreement with Nvidia, settles litigation.
Wi-LAN, a Quarterhill (QTRH) company, announced that WiLAN's wholly-owned subsidiary, Polaris, has granted a term license for certain patents owned by Polaris to Nvidia (NVDA) as well as options for Nvidia to renew through the life of the patents. The licensed patents relate to memory interface technology and are part of the portfolio that Polaris acquired from Infineon (IFNNY) in June 2015. The license fees payable to Polaris are confidential. The license also settles all litigations pending between the parties in the U.S. Federal Court for the Northern District of California, the District Court of Dusseldorf, Germany and the Inter Partes Review proceedings at the Patent Trial and Appeal Board of the United States Patent Office, some of the written decisions of which are under appeal at the U.S. Court of Appeals for the Federal Circuit. On March 28, the District Court of Dusseldorf found that one of the German patents asserted by Polaris against Nvidia was infringed and would be provisionally enforceable inter alia by an injunction in favor of Polaris, upon Polaris posting a security bond and pending further proceedings in Munich. Subject to the terms of the license agreement however, the injunction granted by the Dusseldorf Court shall not be enforced by Polaris, and Nvidia is not pursuing further proceedings to overturn the District Court decision.
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|Date:||Apr 23, 2019|
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