VRINGO ANNOUNCES FAVORABLE RULING REGARDING PATENT VALIDTY IN GERMAN PATENTS COURT
(Thomson Reuters ONE) -
Validity Upheld on Amended 3G Infrastructure Claims
NEW YORK - July 6, 2015 - Vringo, Inc. (NASDAQ: VRNG), a company engaged in the
innovation, development and monetization of intellectual property, today
announced that the German Patents Court has issued a ruling on the validity of
the German part of European Patent 1,212,919 (the "'919 Patent"), owned by
Vringo's wholly-owned subsidiary Vringo Infrastructure, Inc.
The Court, following a hearing held on March 4, 2015, held that the '919 Patent
claims that read on handover between radio network controllers, a key part of
3G infrastructure technology, were held valid as amended.
Vringo's infringement claims against ZTE on the '919 Patent alleging
infringement of ZTE's 3G and 4G infrastructure equipment are pending before the
Düsseldorf Regional Court, where they are scheduled to be heard on February
25, 2016. In Germany, damages are calculable from one month after the
publication of the grant of the patent, which, in the case of the '919 Patent,
was October 8, 2010. ZTE entered the European market in 2002 and has had a
substantial presence in Germany for many years.
"We are pleased with the claims that were held valid by the German Patents Court
and look forward to the hearing on infringement of these claims in the first
quarter of next year," said David Cohen, Vringo's Chief Legal and Intellectual
Property Officer.
The '919 Patent is the German counterpart of the patent previously found by the
High Court of Justice, Chancery Division, Patents Court in the United Kingdom to
be infringed by ZTE and valid as amended. In the UK ZTE has forfeited its right
to appeal. The '919 Patent is also the German counterpart of the patent found,
prima facie, infringed by ZTE in Brazil, where the Court of Justice of Rio de
Janeiro has issued an ex-parte preliminary injunction against ZTE, which remains
in place pending trial on the merits. To date ZTE has attempted to have the
injunction in Brazil lifted seven times, all of their attempts have been
rejected by numerous courts.
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#1934691]
Unternehmensinformation / Kurzprofil:
Datum: 06.07.2015 - 14:58 Uhr
Sprache: Deutsch
News-ID 404870
Anzahl Zeichen: 5991
contact information:
Town:
New York
Kategorie:
Business News
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