Vringo Files Lawsuit against ZTE
Vringo Alleges Infringement over Handsets,
Base Stations and Base Station Controllers
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
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
The Hodges Partnership
Caroline L. Platt