VRINGO ANNOUNCES UPDATE ON ZTE LITIGATION
(Thomson Reuters ONE) -
MANNHEIM, GERMANY - November 12, 2013 - Vringo, Inc. (NASDAQ: VRNG) today
announced that the infringement hearing for European Patent 1,186,119, which
Vringo's wholly-owned subsidiary, Vringo Germany GmbH, has asserted against ZTE
Corporation and its German subsidiary ZTE Deutschland GmbH, has concluded. The
Court stated that it would render its decision on December 17, 2013 at 9:00 a.m.
German local time. The asserted patent is related to 3G infrastructure
equipment.
Background on Vringo v. ZTE Litigation
Vringo, through its wholly-owned subsidiaries, has filed seven patent
infringement cases against ZTE Corporation and its subsidiaries in four
countries, and a preliminary inquiry in Spain. The asserted patents relate to
wireless infrastructure and handsets, and span seven distinct patent families.
* In the United Kingdom, Vringo Infrastructure filed two cases and asserted
three patents in each case related to both infrastructure equipment and
handsets. The first trial is expected in the second half of 2014.
* In Germany, Vringo Germany GmbH asserted two patents related to
infrastructure equipment. The infringement hearing for EP 1,186,119 is the
subject of this press release. The infringement hearing for EP 1,212,919
relating to the infringement of ZTE 3G and 4G LTE infrastructure equipment
is scheduled for the first half of 2014.
* In France, Vringo Infrastructure asserted two patents related to
infrastructure equipment. A scheduling hearing was held on June 25, 2013
and a trial date is forthcoming.
* In Australia, Vringo Infrastructure asserted two patents related to
infrastructure equipment, handsets and tablets.
* In Spain, the Court notified the parties of 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 the Spanish
part of European Patent 1,186,119. 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.
On May 15, 2013, Vringo Infrastructure provided ZTE with a term sheet providing
for the terms under which it would license its standard essential patents. The
term sheet can be found here: http://bit.ly/1c2ZqHH.
On July 3, 2013, Vringo Infrastructure learned that the Patent Reexamination
Board of the Patent Office of the People's Republic of China upheld the validity
of one of its patents that ZTE sought to invalidate through re-examination.
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.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:
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.
Contact:
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#1742462]
Unternehmensinformation / Kurzprofil:
Datum: 12.11.2013 - 14:00 Uhr
Sprache: Deutsch
News-ID 315467
Anzahl Zeichen: 6654
contact information:
Town:
New York
Kategorie:
Business News
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