Vringo, Inc.: ZTE WITHDRAWS PETITIONS FOR INTER PARTES REVIEW OF VRINGO PATENTS
08 June 2015 - 11:00PM
NEW YORK - June 8, 2015 - Vringo,
Inc. (NASDAQ: VRNG), a company engaged in the innovation,
development and monetization of intellectual property, today
announced that ZTE has withdrawn petitions for the Inter Partes Review ("IPR") of five of Vringo's United
States Patents.
ZTE's United States subsidiary,
ZTE (USA) Inc., filed petitions for IPR of five of Vringo's United
States Patents on February 5, 2015. While Vringo has asserted
counterparts of all five patents against ZTE in other
jurisdictions, Vringo has never asserted those United States
Patents against ZTE. On April 7, 2015, ZTE filed corrected IPR
petitions for each patent. On May 11, 2015, ZTE filed second
corrected IPR petitions for each patent. In a ruling, issued on
June 2, 2015, the Patent Trial and Appeal Board ("PTAB") of the
United States Patent and Trademark Office held that ZTE was not
permitted to file such corrected petitions, and, instead, should
have filed new petitions. In its ruling, the PTAB gave ZTE leave to
withdraw its IPR petitions by June 5, 2015. On June 5, 2015, ZTE
filed motions to dismiss without prejudice all five of the IPR
petitions filed against Vringo's United States Patents.
"ZTE's latest litigation misstep
is another example of its meritless campaign to discredit Vringo,"
said Andrew Perlman, Chief Executive Officer of Vringo. "Vringo is
confident that courts around the world will continue to judge
Vringo's cases against ZTE on their merits," Mr. Perlman
continued.
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 600 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. 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; our inability to protect our intellectual
property rights; 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; our ability to continue as a going concern;
our liquidity 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 16, 2015. 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#1926958
XpresSpa (NASDAQ:XSPA)
Historical Stock Chart
From Apr 2024 to May 2024
XpresSpa (NASDAQ:XSPA)
Historical Stock Chart
From May 2023 to May 2024