2013-02-21 15:07:42 -
Trial Scheduled for September 24, 2013 on First Patent Vringo Asserted Against
ZTE in Germany
NEW YORK - February, 21, 2013 - Vringo, Inc. (NYSE MKT: VRNG), a company engaged
in the innovation, development and monetization of mobile technologies and
intellectual property, today announced that its wholly-owned subsidiary, Vringo
Germany GmbH, extended its patent infringement lawsuit against the ZTE Corp.
China, and its German subsidiary, ZTE Deutschland GmbH (ZTE).
"This extension is another step in Vringo's continued enforcement of its
intellectual property assets. We believe that ZTE is one of several large
multinational telecom equipment companies that are currently infringing patents
in our Telecommunications Infrastructure Portfolio," said Andrew D. Perlman,
Chief Executive Officer of Vringo.
The pleading, filed in the District Court of Mannheim, alleges infringement of
the German part of European Patent 1,186,119. Declarations have been filed at
the European Telecommunications and Standards Institute (ETSI) that cover the
patent. ZTE's accused devices are believed to fall within the scope of the
patent. Vringo's complaint brief will be served on ZTE.
According to the complaint, Vringo is seeking injunctive relief, rendering of
accounts, and damages.
"This case is part of Vringo's licensing and enforcement program. The asserted
patent covers fundamental aspects of network operation, and is part of our
telecom infrastructure portfolio," said David Cohen, Head of Litigation,
Licensing and Intellectual Property at Vringo.
"Our lawsuit against ZTE was filed in Germany in November 2012. In the absence
of an agreed settlement, trial on the first asserted patent is scheduled on
September 24, 2013. Further enforcement actions may follow in due course
against ZTE and other companies with products that we believe infringe our
patents. As with all other unlicensed companies we believe infringe our
patents, if ZTE does not agree to a license with us, then we will ask the court
for appropriate relief," Mr. Cohen continued.
About Vringo, Inc.
Vringo, Inc. is engaged in the innovation, development and monetization of
mobile technologies and intellectual property. Vringo's intellectual property
portfolio consists of over 500 patents and patent applications covering telecom
infrastructure, internet search, and mobile technologies. The patents and
patent applications have been developed internally, and acquired from third
parties. Vringo operates a global platform for the distribution of mobile
social applications and services including Facetones® and Video Ringtones which
transform the basic act of making and receiving mobile phone calls into a highly
visual, social experience. For more information, visit: www.vringoIP.com.
Forward-Looking Statements
This press release includes forward-looking statements, which may be identified
by words such as "believes," "expects," "anticipates,"
"estimates," "projects,"
"intends," "should," "seeks," "future,"
"continue," or the negative of such
terms, or other comparable terminology. Forward-looking statements are
statements that are not historical facts. Such forward-looking statements are
subject to risks and uncertainties, which could cause actual results to differ
materially from the forward-looking statements contained herein. Factors that
could cause actual results to differ materially include, but are not limited to:
the inability to realize the potential value created by the merger with
Innovate/Protect for our stockholders; our inability to raise additional capital
to fund our combined operations and business plan; our inability to monetize and
recoup our investment with respect to patent assets that we acquire; our
inability to maintain the listing of our securities on the NYSE MKT; the
potential lack of market acceptance of our products; our inability to protect
our intellectual property rights; potential competition from other providers and
products; our inability to license and monetize the patents owned by our
subsidiaries; our inability to monetize and recoup our investment with respect
to patent assets that we acquire; and other risks and uncertainties and other
factors discussed from time to time in our filings with the Securities and
Exchange Commission ("SEC"), including our quarterly report on Form 10-Q filed
with the SEC on November 14, 2012. Vringo expressly disclaims any obligation to
publicly update any forward-looking statements contained herein, whether as a
result of new information, future events or otherwise, except as required by
law.
Contacts:
Investors and Media:
Cliff Weinstein
Executive Vice President
Vringo, Inc.
(646) 532-6777
cweinstein@vringoinc.com
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originality of the information contained therein.
Source: Vringo, Inc. via Thomson Reuters ONE
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