VRINGO PROVIDES SUMMARY OF ENFORCEMENT ACTIVITIES IN SPAIN
(Thomson Reuters ONE) -
NEW YORK - September 17, 2013 - Vringo, Inc. (NASDAQ: VRNG), a company engaged
in the innovation, development and monetization of intellectual property and
mobile technologies, today provided an update of its ongoing enforcement actions
against ZTE Corporation in Spain.
On June 18, 2013, Commercial Court No. 11 of Madrid, specializing in
Intellectual Property matters, notified its Ruling granting the application
filed by Vringo to perform preliminary inquiries (discovery) against ZTE in
Spain on the basis of the likely infringement of Spanish Patent ES 2220484, the
validation in Spain of European Patent EP 1186119, entitled "Method for
transmitting a sequence of symbols".
Court attorneys served the Court's order on ZTE on September 6, 2013. At the
close of business on September 16, 2013, ZTE's period to challenge the decision
of the Court expired.
ZTE is required to deliver to Vringo discovery materials related to ZXSDR Base
Stations, which Vringo alleges were introduced and distributed in Spain during
the last five years.
About Vringo, Inc.
Vringo, Inc. is engaged in the innovation, development and monetization of
intellectual property and mobile technologies. 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.vringo.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:
our inability to license and monetize our patents, 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; our inability to develop and introduce new products and/or develop new
intellectual property; new legislation, regulations or court rulings related to
enforcing patents, that could harm our business and operating results;
unexpected trends in the mobile phone and telecom infrastructure industries; our
inability to raise additional capital to fund our combined operations and
business plan; our inability to maintain the listing of our securities on
NASDAQ; the potential lack of market acceptance of our products; potential
competition from other providers and products; our inability to retain key
members of our management team; 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
year ended December 31, 2012 filed with the SEC on March 21, 2013. 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#1729590]
Unternehmensinformation / Kurzprofil:
Datum: 17.09.2013 - 15:00 Uhr
Sprache: Deutsch
News-ID 297469
Anzahl Zeichen: 4892
contact information:
Town:
New York
Kategorie:
Business News
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