Vringo, Inc. : Vringo Extends Its Lawsuit Against ZTE in Germany with Additional Patent Trial Scheduled for September 24, 2013 on First Patent Vringo Asserted Against ZTE in Germany NEW YORK - February, 21, 2013 - 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, extended its patent infringement lawsuit against the ZTE Corp. China, and its German subsidiary, ZTE Deutschland GmbH (ZTE). "This extension is another step in Vringo's continued enforcement of its intellectual property assets. We believe that ZTE is one of several large multinational telecom equipment companies that are currently infringing patents in our Telecommunications Infrastructure Portfolio," said Andrew D. Perlman, Chief Executive Officer of Vringo. The pleading, filed in the District Court of Mannheim, alleges infringement of the German part of European Patent 1,186,119. 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 will be served on ZTE. According to the complaint, Vringo is seeking injunctive relief, rendering of accounts, and damages. "This case is part of Vringo's licensing and enforcement program. The asserted patent covers fundamental aspects of network operation, and is part of our telecom infrastructure portfolio," said David Cohen, Head of Litigation, Licensing and Intellectual Property at Vringo. "Our lawsuit against ZTE was filed in Germany in November 2012. In the absence of an agreed settlement, trial on the first asserted patent is scheduled on September 24, 2013. Further enforcement actions may follow in due course against ZTE and other companies with products that we believe infringe our patents. As with all other unlicensed companies we believe infringe our patents, if ZTE does not agree to a license with us, then we will ask the court for appropriate relief," Mr. Cohen continued. 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 our subsidiaries; 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. Contacts: Investors and Media: Cliff Weinstein Executive Vice President Vringo, Inc. (646) 532-6777 email@example.com ------------------------------------------------------------------------------ This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters 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 Thomson Reuters ONE HUG#1680081
Vringo, Inc. : Vringo Extends Its Lawsuit Against ZTE in Germany with Additional Patent
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