IP licensing company WiLAN has bought a number of patents from the technology company Hewlett-Packard (HP).
Details of the agreement have so far not been disclosed, but the licensing company revealed yesterday (November 6) that the patents relate to lighting and building technology.
Jim Skippen, president of WiLAN, said: “We are very pleased to have completed this first patent transaction with HP.
“With a long history of technology and product innovation, HP has established a very large and valuable patent portfolio covering a broad range of technologies. We believe this could be the first of many opportunities to work with HP to help them optimise the value of their patent portfolio.”
HP did not respond immediately to requests for comment.