Vringo Provides Update On Lawsuit Against ZTE In Germany
Vringo, Inc. (NYSE MKT: VRNG), a company engaged in the innovation,
development and monetization of mobile technologies and intellectual
property, today provided an update on its wholly-owned subsidiary,
Vringo, Inc. (NYSE MKT: VRNG), a company engaged in the innovation, development and monetization of mobile technologies and intellectual property, today provided an update on its wholly-owned subsidiary, Vringo Germany GmbH's patent infringement lawsuit filed against ZTE Corp., China and its German subsidiary, ZTE Deutschland GmbH ("ZTE"). On November 16th, the German court provided notice to counsel for Vringo that the court commenced the process of serving ZTE. In accordance with the court's standard procedure, ZTE has two weeks from service to appoint an attorney and announce that it will defend against the claims brought forward by Vringo. ZTE will then have six additional weeks in which to file a reply to Vringo's complaint. Andrew Perlman, Chief Executive Officer at Vringo said, "We are pleased to see our case in Germany moving along quickly as we anticipated. We are confident in the foundational nature of our Telecom Infrastructure patent portfolio and intend to pursue additional enforcement actions when infringing companies choose not to take a license." The lawsuit, filed in District Court Mannheim, alleges infringement of European Patent 1,212,919. According to the complaint, Vringo is seeking injunctive relief, rendering of accounts, recall and destruction of allegedly infringing products, and monetary damages. Declarations have been filed at the European Telecommunications and Standards Institute (ETSI) that cover the patent-in-suit. The case will be heard by the Second Chamber of the Mannheim Court presided by Judge Dr. Kircher. The reporting judge will be Judge Böttcher. The docket number assigned to Vringo's case is "2 O 275/12". 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.