VRINGO STATEMENT ON FORTHCOMING PATENT INFRINGEMENT TRIAL AGAINST ZTE IN MALAYSIA
Wednesday December 17, 2014 11:15 AM
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NEW YORK - December 17, 2014 - Vringo, Inc. (NASDAQ: VRNG), a company engaged in the innovation, development and monetization of intellectual property, today provides an update on its patent infringement action against ZTE in Malaysia:
On June 23, 2014, Vringo Infrastructure, Inc. sued ZTE Malaysia Corporation Sdn. Bhd. and ZTE Corporation (collectively, "ZTE") in the High Court of Malaya at Kuala Lumpur. The filings allege infringement of Malaysian Patent MY-142706-A, which is the Malaysian counterpart to European Patent 1,808,029. The patent in suit relates to the handover between different networks initiated by a mobile device. This patent has been declared essential in connection with 3G and 4G LTE standards.
When Vringo filed the case in June, it initially sought an interlocutory (interim) injunction against ZTE's infringement of the patent during the time period prior to trial. The court then set the full trial to commence on March 9, 2015. Vringo determined it would be more efficient to withdraw its claim for interim relief and proceed to trial where it is seeking a permanent injunction against ZTE's infringement, among other remedies. At a hearing on December 16, 2014, Vringo formally withdrew its request for interim relief. Although ZTE Malaysia requested costs in a quantified amount, the court denied the request and deferred the determination of the costs to the end of trial. Vringo estimates the costs to be no more than $2,000.
NOT SURE IF IT IS KEEPING TO THE SCHEDULE....?
