Vringo, Inc. : Vringo Extends Its Lawsuit Against ZTE in Germany with
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:
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
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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.
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Source: Vringo, Inc. via Thomson Reuters ONE
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