Vringo Alleges Infringement over Handsets, Base Stations and Base
NEW YORK--(BUSINESS WIRE)--Oct. 8, 2012--
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
Infrastructure, Inc., filed a patent infringement lawsuit against the UK
subsidiary of ZTE Corporation (ZTE). ZTE describes itself as "a leading
global provider of telecommunications equipment and network solutions,"
with recently reported annual revenue of US $13.7 billion (RMB 86.254
billion), according to filings with the Hong Kong Stock Exchange.
According to ZTE's public filings, the company generates its revenue
primarily from the sale of telecommunications equipment and handsets.
"The filing of this action in the United Kingdom is an initial step in
Vringo's global licensing and enforcement program in the
telecommunications sector. ZTE has elected not to take a license to
patents in Vringo's portfolio relevant to certain international
standards, despite manufacturing and selling devices and equipment for a
number of years that are said by ZTE to be compliant with those
standards," said David L. Cohen, Head of Licensing, Litigation, and
Intellectual Property at Vringo. "We believe that ZTE is aware that it
requires licenses to all patents that are essential to relevant
standards. Further, we believe that ZTE is familiar with systems for
declaring patents to standards-setting organizations and the relevant
intellectual property rights policies for those organizations, having
itself declared hundreds of patents to international standards."
The lawsuit, filed in the UK High Court of Justice, Chancery Division,
Patents Court, alleges infringement of European Patents (UK) 1,212,919;
1,166,589; and 1,808,029. Declarations have been filed at the European
Telecommunications and Standards Institute (ETSI) that cover the
patents. ZTE's cellular network elements fall within the scope of all
three patents, and ZTE's GSM/UMTS multi-mode wireless handsets also fall
within the scope of the '029 patent.
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.
"ZTE's liability will continue to increase as long as the issue remains
unresolved. We hope that ZTE will work with us to resolve this matter in
a positive and productive manner," said Alexander R. Berger, Chief
Operating Officer 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"), including
our quarterly report on Form 10-Q filed with the SEC on August 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.
Source: Vringo, Inc.
Executive Vice President
Caroline L. Platt