Wi-LAN sells more product lines
Wi-LAN Inc. has sold off two more equipment lines. The company announced in February that its manufacturing operations were not profitable, and that it intended to become a design house leveraging its patent portfolio.
The company today announced an agreement to sell its broadband wireless operation - which makes the Ultima 3, VIP and LIBRA MX product lines - to EION Inc. Financial details were not disclosed. EION has purchased the assets along with the current orders in-hand of the three product lines.
On Monday, Wi-Lan announced an agreement to sell its Intellectual Property (IP) Division to Fujitsu Microelectronics America. Wi-LAN said that deal would be worth about $2 million when the sale is completed. Fujitsu is the largest customer of the IP Division and has been working closely on WiMAX technology since late 2002. The two collaborated to develop the new WiMAX 802.16-2004 System-on-a-Chip from Fujitsu. The chip incorporates embedded processors and mixed signal technology in a device that enables systems developers to provide cost-effective WiMAX Forum Certified equipment.