VRINGO PROVIDES UPDATE ON CHALLENGES TO VALIDITY OF VRINGO PATENTS
(Thomson Reuters ONE) -
NEW YORK - October 28, 2015 - Vringo, Inc. (NASDAQ: VRNG), a company engaged in
the innovation, development and monetization of intellectual property as well as
the commercialization and distribution of wire-free charging and rugged
computing devices, today provided an update on ZTE's challenges to the validity
of Vringo's patents in China and the Netherlands.
In China, the Patent Re-Examination Board of the State Intellectual Property
Office of the People's Republic of China today, following an earlier oral
hearing, upheld the validity of ZL200580013835.X in response to a re-examination
request filed by ZTE. This patent is the Chinese equivalent of IN 243,980, which
is currently being asserted against ZTE in India. This was ZTE's second attempt
to invalidate the patent, following ZTE's withdrawal of its first re-examination
request.
ZTE has filed re-examination requests for 33 of Vringo's Chinese Patents. To
date, 18 of those patents have been maintained valid, 2 have been maintained
valid-in-part, and 13 have been found invalid, and are pending appeal.
In the Netherlands, today, the District Court of the Hague, the Netherlands has
found the Dutch part of European Patent 1,186,119 ("EP 119") invalid. Vringo
plans to appeal today's ruling.
On October 23, 2014, ZTE's Dutch subsidiary filed a lawsuit asking the Court to
declare the Dutch part of EP 119 invalid. Today, following a hearing on
September 4, 2015, the Court granted ZTE's request, finding the Dutch part of EP
119 invalid. This decision deviates from an earlier decision rendered by the
President of the same Court, on October 24, 2014, rejecting ZTE's invalidity
arguments and affirming the seizure of ZTE's products detained by Dutch customs
under the Anti Piracy Regulation.
Previously, the validity of EP 119 was confirmed by both the Opposition Division
and the Technical Board of Appeal of the European Patent Office, following
opposition proceedings initiated by Qualcomm.
In Germany, Vringo continues to enforce an injunction against ZTE based on EP
119, which was issued by a German court on December 17, 2013 upon finding that
ZTE infringed EP 119. The injunction remains in place following today's ruling.
In addition, on July 23, 2015, the German Patents Court issued a preliminary
opinion regarding ZTE's invalidity arguments with respect to EP 119, holding the
preliminary view that EP 119 is valid.
Today's decision in the Netherlands will be suspended pending Vringo's appeal.
About Vringo, Inc.
Vringo, Inc. is engaged in the innovation, development and monetization of
intellectual property as well as the commercialization and distribution of wire-
free charging and rugged computing devices. Vringo's intellectual property
portfolio consists of over 600 patents and patent applications covering telecom
infrastructure, internet search, ad-insertion, mobile and wire-free charging
technologies. Vringo's subsidiary fliCharge is dedicated to the licensing and
commercialization of wire-free charging technologies. Vringo's subsidiary Group
Mobile is dedicated to the marketing and sale of rugged computing devices. 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 ZTE and other companies; our inability to recognize the
anticipated benefits of the acquisition of IDG, which may be affected by, among
other things, competition, our ability to secure advantageous licensing and
sales agreements, market acceptance of IDG's technology, potential technology
obsolescence, protection of intellectual property rights and potential liability
risks that are inherent in the marketing and sale of products used by consumers;
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; our inability to protect our
intellectual property rights; 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; our
ability to continue as a going concern; our liquidity 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 16, 2015. 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
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