Wi-LAN Takes Control of Digital Transmission Systems
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High-speed wireless Net and data communications company Wi-LAN Inc., inked a deal with telco equipment manufacturer Digital Transmission Systems, Inc. (DTS) and two DTS security holders to take the majority stake in the company.
Wi-LAN and DTS are also negotiating the licensing of Wi-LAN's patented W-OFDM technology (Wideband Orthogonal Frequency Division Multiplexing) for new products in strategic market segments.
"By acquiring a controlling interest in DTS, Wi-LAN gains a seasoned and dynamic management team, increased access to the U.S. marketplace, a visionary engineering team, and access to key DTS telecommunications clients," says Hatim Zaghloul, chairman and CEO of Wi-LAN.
Andy Salazar, chief executive officer of DTS, said the two companies will work on product development and on renovating DTS' Flex and microFlex product lines.