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Vringo Files Lawsuit against ZTE

  Vringo Files Lawsuit against ZTE

  Vringo Alleges Infringement over Handsets, Base Stations and Base Station
                                 Controllers

Business Wire

NEW YORK -- October 08, 2012

Vringo, Inc. (NYSE MKT: VRNG), a company engaged in the innovation,
development and monetization of mobile technologies and intellectual property,
today announced that its wholly-owned subsidiary, Vringo Infrastructure, Inc.,
filed a patent infringement lawsuit against the UK subsidiary of ZTE
Corporation (ZTE). ZTE describes itself as "a leading global provider of
telecommunications equipment and network solutions," with recently reported
annual revenue of US $13.7 billion (RMB 86.254 billion), according to filings
with the Hong Kong Stock Exchange. According to ZTE's public filings, the
company generates its revenue primarily from the sale of telecommunications
equipment and handsets.

"The filing of this action in the United Kingdom is an initial step in
Vringo's global licensing and enforcement program in the telecommunications
sector. ZTE has elected not to take a license to patents in Vringo's portfolio
relevant to certain international standards, despite manufacturing and selling
devices and equipment for a number of years that are said by ZTE to be
compliant with those standards," said David L. Cohen, Head of Licensing,
Litigation, and Intellectual Property at Vringo. "We believe that ZTE is aware
that it requires licenses to all patents that are essential to relevant
standards. Further, we believe that ZTE is familiar with systems for declaring
patents to standards-setting organizations and the relevant intellectual
property rights policies for those organizations, having itself declared
hundreds of patents to international standards."

The lawsuit, filed in the UK High Court of Justice, Chancery Division, Patents
Court, alleges infringement of European Patents (UK) 1,212,919; 1,166,589; and
1,808,029. Declarations have been filed at the European Telecommunications and
Standards Institute (ETSI) that cover the patents. ZTE's cellular network
elements fall within the scope of all three patents, and ZTE's GSM/UMTS
multi-mode wireless handsets also fall within the scope of the '029 patent.

According to the complaint, Vringo is seeking a declaration that its patents
have been infringed by ZTE's activities and that the court use its full legal,
equitable and injunctive power to stop ZTE's activities as may be appropriate
in the circumstances.

"ZTE's liability will continue to increase as long as the issue remains
unresolved. We hope that ZTE will work with us to resolve this matter in a
positive and productive manner," said Alexander R. Berger, Chief Operating
Officer at Vringo.

A copy of Vringo's complaint is available at www.vringoinc.com, and Vringo's
earlier correspondence to ZTE is available at http://1.usa.gov/OLWhDT.

About Vringo, Inc.

Vringo, Inc. is engaged in the innovation, development and monetization of
mobile technologies and intellectual property. 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 including Facetones® and Video
Ringtones which transform the basic act of making and receiving mobile phone
calls into a highly visual, social experience. 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: the inability to realize the potential value created
by the merger with Innovate/Protect for our stockholders; our inability to
raise additional capital to fund our combined operations and business plan;
our inability to monetize and recoup our investment with respect to patent
assets that we acquire; our inability to maintain the listing of our
securities on the NYSE MKT; the potential lack of market acceptance of our
products; our inability to protect our intellectual property rights; potential
competition from other providers and products; our inability to license and
monetize the patents owned by Innovate/Protect, 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; 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 quarterly report on Form 10-Q filed with the SEC on
August 14, 2012. 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:

Investors:
Vringo, Inc.
Cliff Weinstein
Executive Vice President
646-532-6777 (o)
cliff@vringo.com
or
Media:
The Hodges Partnership
Caroline L. Platt
804-788-1414 (o)
804-317-9061 (m)
cplatt@hodgespart.com
 
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