Vringo, Inc. : VRINGO FILES LAWSUIT AGAINST ZTE IN AUSTRALIA
NEW YORK - June 12, 2013 - Vringo, Inc. (NASDAQ: 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. (Vringo), filed a patent infringement lawsuit
against ZTE (Australia) Pty Ltd. (ZTE Australia), an Australian subsidiary of
ZTE Corporation (ZTE).
The lawsuit filed in the Federal Court of Australia in the New South Wales
registry, alleges infringement by ZTE Australia of Australian Standard Patents
AU 2005/212,893 and AU 773,182. The proceeding has been assigned Case No.
The patents in suit relate to telecommunications infrastructure equipment and
mobile devices. The ZTE products in suit include base station and server
infrastructure used in mobile networks and also a number of 4G mobile devices.
According to the complaint, Vringo is seeking a declaration that ZTE Australia
has infringed Vringo's patents and orders restraining ZTE Australia from:
1.selling, disposing, using, importing or keeping for sale; or
2.offering to sell, dispose of, import or use, or keep for sale or other
disposal or use, relevant products without the license or authority of
In addition, Vringo is seeking damages or an account of profits and interest
accrued on any sum found due.
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. 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
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 online search firms and other
companies; 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; new legislation,
regulations or court rulings related to enforcing patents, that could harm our
business and operating results; the inability to realize the potential value
created by the merger with Innovate/Protect for our stockholders; 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
NASDAQ; 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; 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 for the
year ended December 31, 2012 filed with the SEC on March 21, 2013. 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.
Investors and Media:
Executive Vice President
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(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
information contained therein.
Source: Vringo, Inc. via Thomson Reuters ONE
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