|[December 05, 2012]
Vringo Expands Litigation Against ZTE
NEW YORK --(Business Wire)--
Vringo (News - Alert), 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
Infrastructure, Inc., filed an additional patent infringement lawsuit
against the UK subsidiary of ZTE (News - Alert) Corporation (ZTE).
The lawsuit, filed in the UK High Court of Justice, Chancery Division,
Patents Court, alleges infringement of European Patents (UK) 1,186,119;
1,330,933; and 1,221,212. It has been assigned Case No. HC12 B04711.
According to the complaint, Vringo is seeking a declaration that its
patents have been infringed by ZTE's activities, and that the Court use
its full legal, equitable and injunctive power to stop ZTE's activities
as may be appropriate in the circumstances.
"This second UK case, following on from a first lawsuit, filed in the UK
in October, and a related case filed in the District Court of Mannheim,
Germany, in November, is part of Vringo's licensing and enforcement
program. This action involves three additional patents relevant to
infrastructure. In addition, one of the patents covers a technology that
may also be used in certain handsets. The patents cover fundamental
aspects of network operation. The three patents in suit are just part of
our telecom portfolio, and further enforcement actions may follow in due
course. ZTE has no license under the patents in our portfolio. We would
again invite ZTE to request a license from Vringo. If ZTE does not agree
to a license with us, then we will ask the court for appropriate
relief," said David Cohen, Head of Litigation, Licensing and
Intellectual Property at Vringo.
A copy of Vringo's complaint is available at www.vringoinc.com,
and Vringo's earlier correspondence to ZTE is available at http://1.usa.gov/OLWhDT.
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.
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 Innovate/Protect,
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; and other risks and
uncertainties and other factors discussed from time to time in our
filings with the Securities and Exchange Commission ("SEC (News - Alert)"), 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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