VRINGO SUBSIDIARY I/P ENGINE AND MICROSOFT CORPORATION ENTER INTO LICENSE & SETTLEMENT AGREEMENT
(Thomson Reuters ONE) -
NEW YORK - May 30, 2013 - Vringo, Inc. (NASDAQ: VRNG), a company engaged in the
innovation, development and monetization of mobile technologies and intellectual
property, today announced that its wholly-owned subsidiary I/P Engine, Inc. has
entered into a license and settlement agreement with Microsoft Corporation to
resolve patent litigation that was pending in the U.S. District Court for the
Southern District of New York.
Additional information concerning the settlement can be found in Vringo's
filings with the United States Securities and Exchange Commission.
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. 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 NASDAQ; 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, including the outcome of the litigation against online search
firms and other companies; 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 annual report on Form 10-K for
the fiscal year ended December 31, 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(at)vringoinc.com
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Vringo, Inc. via Thomson Reuters ONE
[HUG#1705846]
Unternehmensinformation / Kurzprofil:
Datum: 30.05.2013 - 13:12 Uhr
Sprache: Deutsch
News-ID 264879
Anzahl Zeichen: 4232
contact information:
Town:
New York
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 189 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"VRINGO SUBSIDIARY I/P ENGINE AND MICROSOFT CORPORATION ENTER INTO LICENSE & SETTLEMENT AGREEMENT"
steht unter der journalistisch-redaktionellen Verantwortung von
Vringo, Inc. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
