Vringo, Inc. : VRINGO PROVIDES SUMMARY OF ENFORCEMENT ACTIVITIES IN SPAIN
NEW YORK - September 17, 2013 - Vringo, Inc. (NASDAQ: VRNG), a company engaged
in the innovation, development and monetization of intellectual property and
mobile technologies, today provided an update of its ongoing enforcement
actions against ZTE Corporation in Spain.
On June 18, 2013, Commercial Court No. 11 of Madrid, specializing in
Intellectual Property matters, notified its Ruling granting the application
filed by Vringo to perform preliminary inquiries (discovery) against ZTE in
Spain on the basis of the likely infringement of Spanish Patent ES 2220484,
the validation in Spain of European Patent EP 1186119, entitled "Method for
transmitting a sequence of symbols".
Court attorneys served the Court's order on ZTE on September 6, 2013. At the
close of business on September 16, 2013, ZTE's period to challenge the
decision of the Court expired.
ZTE is required to deliver to Vringo discovery materials related to ZXSDR Base
Stations, which Vringo alleges were introduced and distributed in Spain during
the last five years.
About Vringo, Inc.
Vringo, Inc. is engaged in the innovation, development and monetization of
intellectual property and mobile technologies. 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; 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
This announcement is distributed by Thomson Reuters on behalf of Thomson
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
information contained therein.
Source: Vringo, Inc. via Thomson Reuters ONE
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