VRINGO ANNOUNCES UPDATE ON ZTE LITIGATION

GlobeNewswire

MANNHEIM, GERMANY - November 12, 2013 - Vringo, Inc. (VRNG) today announced that the infringement hearing for European Patent 1,186,119, which Vringo`s wholly-owned subsidiary, Vringo Germany GmbH, has asserted against ZTE Corporation and its German subsidiary ZTE Deutschland GmbH, has concluded.  The Court stated that it would render its decision on December 17, 2013 at 9:00 a.m. German local time.  The asserted patent is related to 3G infrastructure equipment.

Background on Vringo v. ZTE Litigation

Vringo, through its wholly-owned subsidiaries, has filed seven patent infringement cases against ZTE Corporation and its subsidiaries in four countries, and a preliminary inquiry in Spain. The asserted patents relate to wireless infrastructure and handsets, and span seven distinct patent families.

  • In the United Kingdom, Vringo Infrastructure filed two cases and asserted three patents in each case related to both infrastructure equipment and handsets. The first trial is expected in the second half of 2014.  

  • In Germany, Vringo Germany GmbH asserted two patents related to infrastructure equipment.  The infringement hearing for EP 1,186,119 is the subject of this press release. The infringement hearing for EP 1,212,919 relating to the infringement of ZTE 3G and 4G LTE infrastructure equipment is scheduled for the first half of 2014. 

  • In France, Vringo Infrastructure asserted two patents related to infrastructure equipment.  A scheduling hearing was held on June 25, 2013 and a trial date is forthcoming. 

  • In Australia, Vringo Infrastructure asserted two patents related to infrastructure equipment, handsets and tablets. 

  • In Spain, the Court notified the parties of 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 the Spanish part of European Patent 1,186,119. 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. 

On May 15, 2013, Vringo Infrastructure provided ZTE with a term sheet providing for the terms under which it would license its standard essential patents.  The term sheet can be found here: http://bit.ly/1c2ZqHH.

On July 3, 2013, Vringo Infrastructure learned that the Patent Reexamination Board of the Patent Office of the People`s Republic of China upheld the validity of one of its patents that ZTE sought to invalidate through re-examination.

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: www.vringoIP.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 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.

Contact:

Cliff Weinstein
Executive Vice President
Vringo, Inc.
646-532-6777
cweinstein@vringoinc.com




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Source: Vringo, Inc. via Thomson Reuters ONE

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