VRINGO ANNOUNCES UPDATE ON LITIGATION AGAINST ZTE IN THE UNITED STATES AND UNITED KINGDOM
(Thomson Reuters ONE) -
NEW YORK - February 17, 2015 - Vringo, Inc. (NASDAQ: VRNG), a company engaged in
the innovation, development and monetization of intellectual property, today
announced several developments in its global litigation against ZTE.
In the United States, ZTE's case against Vringo, which it improperly brought in
Delaware, has been transferred to the United States District Court for the
Southern District of New York, where it will be heard along with Vringo's
existing claim against ZTE for breach of a non-disclosure agreement between the
parties.
"Vringo has answered ZTE's complaint and looks forward to further addressing
ZTE's allegations regarding Vringo and ZTE's FRAND obligations. Numerous courts
around the world have agreed that Vringo's approach is in accord with FRAND
principles and that it is ZTE, not Vringo, whose behavior is outside of patent
licensing norms," said David Cohen Vringo's Chief Legal and Intellectual
Property Officer.
In the United Kingdom, Vringo looks forward to the remedy phase of its lawsuit
against ZTE for infringement of the UK part of European Patent 1,212,919 (the
"'919 Patent"), which the UK High Court found valid as amended and infringed by
ZTE on November 28, 2014. The Court has ordered the parties to submit pleadings
on remedies, and has scheduled a hearing for May 22, 2015, in which it will set
the structure for the remainder of the case.
Because ZTE has represented that it only intends to sell equipment in the United
Kingdom that is not fully compliant with ETSI standards and, according to ZTE,
ZTE therefore will not infringe the claims-in-suit in the UK in the future; in
order to streamline costs and process; and to expedite the further phases of its
litigation in the United Kingdom, Vringo has withdrawn its infringement claims
against ZTE on the UK parts of European Patents 1,808,029 (the "'029 Patent"),
1,221,212 (the "'212 Patent"), and 1,186,119 (the "'119 Patent"). Vringo's claim
against ZTE for infringement of the UK part of European Patent 1,330,933 remains
pending, and is currently scheduled to be heard by the Court in a trial starting
on June 8, 2015.
In other jurisdictions where ZTE sells products or otherwise infringes these
patents, Vringo continues to maintain its patent infringement lawsuits against
ZTE. The '119 Patent has been held valid and infringed by ZTE in Germany, prima
facie, valid and infringed by ZTE in the Netherlands, and also remains in suit
in France, where it is scheduled to be heard by the court on April 13, 2015.
The '212 Patent remains in suit in France, where it is scheduled to be heard by
the French court on April 13, 2015, and in Australia. The '029 Patent remains in
suit in Romania, where the court has granted a preliminary injunction against
ZTE, and in Malaysia, where it is currently scheduled to be heard by the court
on October 26, 2015.
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 600 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. 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 a
major securities exchange; 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; the future success of Infomedia
and our ability to receive value from its stock; 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 filed with the SEC on March 10, 2014. 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 GlobeNewswire on behalf of
GlobeNewswire 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 GlobeNewswire
[HUG#1895129]
Unternehmensinformation / Kurzprofil:
Datum: 17.02.2015 - 15:15 Uhr
Sprache: Deutsch
News-ID 372081
Anzahl Zeichen: 6864
contact information:
Town:
New York
Kategorie:
Business News
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"VRINGO ANNOUNCES UPDATE ON LITIGATION AGAINST ZTE IN THE UNITED STATES AND UNITED KINGDOM"
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