0001564590-19-005166.txt : 20190228 0001564590-19-005166.hdr.sgml : 20190228 20190228070038 ACCESSION NUMBER: 0001564590-19-005166 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20190228 FILED AS OF DATE: 20190228 DATE AS OF CHANGE: 20190228 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Quarterhill Inc. CENTRAL INDEX KEY: 0001518419 STANDARD INDUSTRIAL CLASSIFICATION: PATENT OWNERS & LESSORS [6794] IRS NUMBER: 280451743 STATE OF INCORPORATION: A6 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-35152 FILM NUMBER: 19640356 BUSINESS ADDRESS: STREET 1: 303 TERRY FOX DRIVE STREET 2: SUITE 300 CITY: OTTAWA STATE: A6 ZIP: K2K 3J1 BUSINESS PHONE: 613-688-4900 MAIL ADDRESS: STREET 1: 303 TERRY FOX DRIVE STREET 2: SUITE 300 CITY: OTTAWA STATE: A6 ZIP: K2K 3J1 FORMER COMPANY: FORMER CONFORMED NAME: Wi-LAN Inc. DATE OF NAME CHANGE: 20110418 6-K 1 qtrh-6k_20190226.htm 6-K qtrh-6k_20190226.htm

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

 

Washington, D.C. 20549

__________________________

 

FORM 6-K 

__________________________

 

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO
RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of February 2019
Commission File Number: 001-35152

 

__________________________

 

QUARTERHILL INC.

 

(Translation of registrant’s name into English)

 

__________________________

 

303 Terry Fox Drive
Suite 300
Ottawa, Ontario K2K 3J1
Canada
(Address of principal executive office)

 

__________________________

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F               Form 40-F  

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):


EXHIBIT LIST

 

Exhibit

 

Description

99.1 

 

Press Release dated February 28, 2019

 


 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

 

QUARTERHILL INC.

 

 

 

 

Date: February 28, 2019

By:

/s/ Prashant R. Watchmaker

 

 

Name: Prashant R. Watchmaker 

Title: Senior Vice-President & General Counsel 

 

EX-99.1 2 qtrh-ex991_6.htm EX-99.1 qtrh-ex991_6.htm

Exhibit 99.1

 

Press release

 

 

WiLAN and Several Subsidiaries Sign Comprehensive Semiconductor License Agreement with SK hynix

OTTAWA, Canada – February 28, 2019Wi-LAN Inc. (“WiLAN”), a Quarterhill Inc. (“Quarterhill”) company (TSX: QTRH) (NASDAQ: QTRH), today announced that WiLAN, along with several of its wholly‑owned subsidiaries, including Cetus Technologies Inc. (“Cetus”), have entered into a comprehensive semiconductor license agreement with SK hynix Inc. (“SK hynix”). 

The licensed patents generally cover dynamic random-access memory (DRAM), NAND flash memory and other related semiconductor technologies.  

“We are very excited to conclude our first major agreement relating to patents held by Cetus, the fourth portfolio from Panasonic, acquired in 2017,” said Michael Vladescu, WiLAN President and CEO. “This agreement with SK hynix continues to establish WiLAN’s growing presence in the semiconductor industry in addition to its traditional focus in the telecommunications industry.”

SK hynix is a South Korean memory semiconductor supplier of DRAM and flash memory chips.  They are the world’s second-largest memory chipmaker and the world’s third-largest semiconductor company.

The consideration paid by SK hynix and all other terms of the agreement are confidential.

About WiLAN

WiLAN, a Quarterhill company, is one of the most successful patent licensing companies in the world and helps companies unlock the value of intellectual property by managing and licensing their patent portfolios.  The company operates in a variety of markets including automotive, digital television, Internet, medical, semiconductor and wireless communication technologies.  For more information: www.wilan.com.

About Quarterhill

Quarterhill is focused on the disciplined acquisition, management and growth of companies in dedicated technology areas including, vertical market software and solutions, intelligent industrial systems, and innovation and licensing.  Quarterhill’s emphasis is on seeking out acquisition opportunities at reasonable valuations that provide a foundation for recurring revenues, predictable cash flows and margins, profitable growth, intimate customer relationships and dedicated management teams.  Quarterhill is listed on the TSX and NASDAQ under the symbol QTRH.  For more information: www.quarterhill.com.

 

Forward-looking Information

This news release contains forward-looking statements and forward-looking information within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and other United States and Canadian securities laws. Forward-looking statements and forward-looking information are based on estimates and assumptions made by Quarterhill and WiLAN in light of their experience and their perception of historical trends, current conditions, expected future developments and the expected effects of new business strategies, as well as other factors that Quarterhill and WiLAN believe are appropriate in the circumstances. Many factors could cause actual performance or achievements to differ materially from those expressed or implied by the forward-looking statements or forward-looking information. Such factors include, without limitation, the risks described in Quarterhill’s March 1, 2018 annual information form for the year ended December 31, 2017 (the "AIF"). Copies of the AIF may be obtained at www.sedar.com and as part of Quarterhill’s Form 40-F for the year ended December 31, 2018 filed with the U.S. Securities and Exchange Commission and available at www.sec.com. Quarterhill recommends that readers review and consider all of these

 

 


 

Press release

 

risk factors, and notes that readers should not place undue reliance on any of Quarterhill's or WiLAN’s forward-looking statements. Neither Quarterhill nor WiLAN has any intention, and undertakes no obligation, to update or revise any forward-looking statements or forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

All trademarks and brands mentioned in this release are the property of their respective owners.

For inquiries, please contact:

Dave Mason

T: 613.688.1693

E: ir@quarterhill.com

 

 

 

GRAPHIC 3 gnjasfvxslki000001.jpg GRAPHIC begin 644 gnjasfvxslki000001.jpg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end