Vringo Files Lawsuit against ZTE in Germany

  Vringo Files Lawsuit against ZTE in Germany

 Vringo Alleges Infringement over Wireless Network Infrastructure Components

Business Wire

NEW YORK -- November 15, 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 Germany GmbH, filed a
patent infringement lawsuit against the ZTE Corp, China and its German
subsidiary, ZTE Deutschland GmbH (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 Germany is the next 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 District Court of Mannheim, alleges infringement of
the German part of European Patent 1,212,919. Declarations have been filed at
the European Telecommunications and Standards Institute (ETSI) that cover the
patent. ZTE's accused devices are believed to fall within the scope of the
patent. Vringo’s complaint brief is to be served on ZTE.

According to the complaint, Vringo is seeking injunctive relief, rendering of
accounts, recall and destruction of allegedly infringing products as well as
damages.

"As we have said before, 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.

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