Vringo, Inc.: BRAZILIAN COURT UPHOLDS INJUNCTION AGAINST ZTE FOR INFRINGEMENT OF VRINGO PATENT

Vringo, Inc.: BRAZILIAN COURT UPHOLDS INJUNCTION AGAINST ZTE FOR INFRINGEMENT
                               OF VRINGO PATENT

NEW YORK - June 18, 2014 -  Vringo, Inc. (NASDAQ: VRNG), a company engaged  in 
the innovation,  development and  monetization  of intellectual  property  and 
mobile technologies,  today announced  that the  Court of  Justice of  Rio  de 
Janeiro in  Brazil  has upheld  the  ex-parte preliminary  injunction  granted 
against ZTE  Corporation  and  ZTE do  Brasil  (collectively,  "ZTE"),  having 
rejected ZTE's interlocutory appeal of the injunction.

Vringo Infrastructure,  Inc.,  Vringo's wholly-owned  subsidiary,  filed  suit 
against ZTE on April 14, 2014 in the 5^th Trial Court of Rio de Janeiro  State 
Court, alleging infringement of Brazilian patent PI0013975-0, which is related
to 3G/4G/LTE infrastructure. On April 15, 2014, the Court granted an  ex-parte 
preliminary injunction against ZTE, restraining ZTE from manufacturing, using,
offering  for   sale,  selling,   installing,  testing,   or  importing   such 
infrastructure equipment. Vringo posted a bond of approximately $900,000  with 
the Court in order to enforce the  injunction on April 17, 2014. ZTE filed  an 
interlocutory appeal against the injunction on  May 9, 2014. On May 26,  2014, 
the Court  denied ZTE's  request for  a  stay of  the injunction  pending  the 
interlocutory appeal hearing, which took place on June 11, 2014. Judgment  was 
rendered at the conclusion of the hearing, and formally published thereafter.

Following the ruling,  the injunction  is likely to  remain in  place until  a 
decision on the merits  has been reached.  A trial schedule  has not yet  been 
set; the average length of  time in Brazil from the  filing of a claim on  the 
merits until final judgment is two to four years.

Background

On October 5, 2012, Vringo Infrastructure, filed  a suit in the UK High  Court 
of Justice, Chancery Division, Patents Court, alleging infringement of certain
European patents. Subsequently, ZTE responded to the complaint on December 19,
2012 with  a  counterclaim for  invalidity  of  the patents  in  suit.  Vringo 
Infrastructure  filed  a  further  UK  suit  on  December  3,  2012,  alleging 
infringement of additional European  patents. The first  UK suit is  scheduled 
for trial in October  2014 and the  second UK suit is  scheduled for trial  in 
June 2015.

On November 15,  2012, Vringo Germany  filed a suit  in the Mannheim  Regional 
Court in Germany, alleging infringement  of a European patent. The  litigation 
was expanded to  include a  second European patent  on February  21, 2013.  On 
November 4, 2013, Vringo filed a further brief with respect to the proceedings
of the  first European  patent suit,  asserting infringement  by ZTE  eNode  B 
infrastructure equipment used in 4G networks.

On December  17,  2013,  the  Court issued  its  judgment,  finding  that  ZTE 
infringed on  the second  European patent  and ordered  an accounting  and  an 
injunction upon payment of the appropriate bonds. On February 19, 2014, Vringo
Germany filed suit in the Mannheim  Regional Court seeking enforcement of  the 
accounting ordered and a further order that non-compliance be subject to civil
and criminal penalties. Trial in this suit is scheduled for September 2014.

On December 27, 2013, ZTE  filed a notice of  appeal of the Mannheim  Regional 
Court's judgment, and on January 24, 2014, ZTE filed an emergency motion  with 
the Court of Appeals seeking  a stay of the  judge's order pending appeal.  On 
February 24, 2014, ZTE's motion was denied.

On September 13, 2013 and January 28, 2014, Vringo Germany filed two suits  in 
the Regional  Court of  Düsseldorf, alleging  infringement of  two  additional 
European patents. Both cases are scheduled to be heard in November 2014. 

On April 2, 2013, Vringo Infrastructure filed a patent infringement lawsuit in
France in the Tribunal de Grande  Instance de Paris, alleging infringement  of 
the French  part of  two  European patents.  Vringo Infrastructure  filed  the 
lawsuit based on particular information  uncovered during a seizure to  obtain 
evidence of infringement, known as a saisie-contrefaçon, which was executed at
two of  ZTE's facilities  in France.  The oral  hearing in  relation to  these 
patents is scheduled for  December 2014 before the  3^rd division of the  3^rd 
chamber  of  the  Tribunal  de  Grande  Instance  de  Paris  (specializing  in 
intellectual property matters).

On June 11, 2013, Vringo Infrastructure filed a patent infringement lawsuit in
the Federal  Court of  Australia in  the New  South Wales  registry,  alleging 
infringement by ZTE  of two Australian  patents.Vringo currently  anticipates 
that the Court will set a trial date in the second half of 2014.

On September 6, 2013, Vringo Infrastructure filed a preliminary inquiry  order 
against ZTE in the Commercial Court of Madrid, Spain, requiring ZTE to provide
discovery relating to alleged  infringement of a patent  which is the  Spanish 
counter-part of the  second European  patent filed  in Germany.  In light  of 
ZTE's non-responsiveness to the  order, on March 24,  2014, the Court  granted 
Vringo's request to seek discovery of certain of ZTE's Spanish customers.

On November 7, 2013,  Vringo filed a patent  infringement lawsuit in the  High 
Court of Delhi at New Delhi, India, alleging infringement of an Indian  patent 
related  to  CDMA.  On  November  8,  2013,  the  Court  granted  an  ex-parte 
preliminary injunction and appointed commissioners to inspect ZTE's facilities
and collect evidence. ZTE appealed the preliminary injunction and, on December
12, 2013, the appellate panel instituted an interim arrangement, requiring ZTE
to file an accounting affidavit disclosing the number of CDMA devices sold  by 
its entities  in  India,  revenue  derived  therefrom,  and  other  supporting 
documentation. The Court also required ZTE to pay a bond of 50 million  rupees 
(approximately $800,000),directed Indian customs authorities to notify Vringo
when all relevant ZTE goods are imported into India, and required ZTE to  give 
Vringo the  opportunity  to inspect  those  goods. ZTE  filed  its  accounting 
affidavit on January 13, 2014.

On February 3, 2014, Vringo filed a  motion for contempt for ZTE's failure  to 
comply with the Court's order, and requested  that the Court order ZTE to  pay 
an increased bond. Hearing on this motion is scheduled for July 8, 2014.

On January 31, 2014,  Vringo filed a patent  infringement lawsuit in the  High 
Court of Delhi at New Delhi,  alleging infringement of a second Indian  patent 
related to  GSM Infrastructure.  The  Court, finding  a  prima facie  case  of 
infringement, granted an ex-parte preliminary injunction, restraining ZTE  and 
its officers, directors,  agents, distributors and  customers from  importing, 
selling,  offering  for  sale,  advertising,  installing,  or  operating   any 
infringing products, and  giving Vringo  the right to  inspect any  infringing 
goods arriving in India, which are to be detained by customs authorities.  The 
judge granted  the  injunction  after  ruling  that  Vringo  would  suffer  an 
irreparable  loss  if  such  an  injunction  were  not  put  into  place.  ZTE 
subsequently appealed the injunction, which remains in place pending a  ruling 
by the Court, which is expected on July 8, 2014.

On May 28, 2014,  Vringo filed a patent  infringement lawsuit in the  District 
Court of The  Hague in the  Netherlands, alleging infringement  of a  European 
patent.

About Vringo, Inc.

Vringo, Inc. is engaged  in the development  and monetization of  intellectual 
property worldwide. The Company's intellectual property portfolio consists  of 
over 600  patents and  patent  applications covering  telecom  infrastructure, 
internet search  and mobile  technologies. The  Company's patents  and  patent 
applications have been developed internally and acquired from third  parties. 
For more information, visit: www.vringo.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: 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 a major  securities exchange; 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; the future success  of Infomedia and our  ability to receive value  from 
its stock; 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 filed with the SEC on  March 
10, 2014. 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
cweinstein@vringoinc.com

------------------------------------------------------------------------------

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf
of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for
the content, accuracy and originality of the information contained therein.
Source: Vringo, Inc. via Globenewswire
HUG#1795313
 
Press spacebar to pause and continue. Press esc to stop.