ChangXin Storage and WiLAN subsidiary reach patent licensing and purchase agreement

According to the patent license agreement, Changxin Memory has obtained a large number of DRAM technology patents from Polaris. These patents come from the patent portfolio that Polaris purchased from Qimonda's parent company Infineon in June 2015 .

"Changxin Memory will continue to increase its accumulation of semiconductor core technologies and high-value intellectual property through independent research and development and cooperation with international partners such as WiLAN," said Zhu Yiming, Chairman and CEO of Changxin Memory. "The two agreements mark new steps that Changxin Memory has taken to improve its intellectual property portfolio, further strengthen its technology strategy, and safeguard its DRAM business operations."

"Changxin Memory is a leader in China's DRAM industry. We are pleased to see that Changxin Memory recognizes the value of Polaris' DRAM patents. These two agreements demonstrate that Changxin Memory attaches great importance to intellectual property and is committed to continued investment in research and development. We believe that the rights and interests obtained will give Changxin Memory a competitive advantage in the industry and help Changxin Memory continue to develop key DRAM technologies." said Michael Vladescu, President and CEO of WiLAN. "The agreement with Changxin Memory will enable WiLAN to further develop business opportunities in key emerging markets such as China, thereby continuing to create more value for its parent company Quarterhill and investors."

About ChangXin Storage

Changxin Storage started its business in Hefei, Anhui in 2016, specializing in the R&D, production and sales of DRAM. It has built its first 12-inch wafer fab and put it into production. Since its establishment, the company has focused on technology and strengthened the construction of its management system. On this basis, the company uses a dedicated R&D line to rapidly iterate R&D, and combines current advanced equipment to significantly improve the process and develop a unique technology system. Changxin Storage is committed to becoming a technologically leading and commercially successful semiconductor memory chip company, empowering the information society with storage technology and improving human life. For more information, please visit: www.cxmt.com.

About WiLAN

WiLAN, a Quarterhill company, is one of the world's most successful patent licensing companies, helping companies around the world unlock the value of their intellectual property through patent portfolio management and licensing in areas including automotive, digital TV, Internet, pharmaceutical, semiconductor and wireless communications technologies. For more information, visit www.wilan.com.

About Quarterhill

Quarterhill is focused on acquiring, managing and growing companies in select technology areas including software and solutions for industry markets, smart industrial systems, innovation and patent licensing. Quarterhill's focus is on seeking acquisition opportunities at reasonable prices that provide a foundation for recurring revenue, predictable cash flow and margins, profitable growth, strong customer relationships and a committed management team. Quarterhill is listed on the Toronto Stock Exchange and Nasdaq under the ticker symbol QTRH. For more information, visit www.quarterhill.com.