Wi-LAN Inc. announced that Telrad Networks Inc. has taken a license to WiLAN's wireless patent portfolio including LTE-related technologies. The license grants royalty bearing rights covering Telrad Networks worldwide sales of all WiMAX and LTE telecommunications equipment. All other terms of the license agreement are confidential.

Wi-Lan Inc. announced that the Board of Directors has declared an eligible dividend of CAD 0.04 per common share to be paid on July 5, 2013 to shareholders of record on June 14, 2013.

Wi-Lan Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported net and comprehensive loss of $6,434,000 or $0.05 per basic and diluted share on revenues of $18,369,000 compared to net and comprehensive loss of $14,411,000 or $0.12 per basic and diluted share on revenues of $24,693,000 a year ago. Loss from operations was $7,505,000 compared to earnings of $12,829,000 a year ago. Loss before income taxes was $7,310,000 compared to $18,713,000 a year ago. Cash used in operations were $5,042,000 compared to cash generated from operations of $5,998,000 a year ago. Purchase of furniture and equipment was $17,000 compared to $109,000 a year ago. Purchase of patents and other intangibles were $688,000 compared to $687,000 a year ago. The decrease in revenues is primarily attributable to the timing of fixed payment amounts as a result of the timing and amount of various payments under the license agreements. The company generated adjusted earnings of $1,301,000 or $0.01 per basic share as compared to $15,397,000 or $0.13 per basic share, in the comparative period. The decrease in adjusted earnings as compared to last year is primarily attributable to the decrease in revenue and an increase in litigation expenses. For the second quarter ending June 30, 2013, the company expects revenue to be at least $17.5 million. This revenue guidance does not include the potential impact of any new agreements that may be signed during the balance of the second quarter of 2013 or the potential impact of any royalties identified in audits conducted by the company. Operating expenses for the second quarter are expected to be in the range of $16.6 million to $18.2 million of which $10.0 million to $12.0 million is expected to be litigation expense. For the second quarter of 2013, and assuming no additional agreements are signed, adjusted earnings are expected to be between a loss of $1.0 million and earnings of $1.0 million.