Vringo Offers Update on Litigation in Romania

Vringo, Inc. (NASDAQ: VRNG), a company engagedin the innovation, development and monetization of intellectual property andmobile technologies, today provides an update on Vringo Infrastructure, Inc.'slawsuit against ZTE in Romania. In June 2014, Vringo Infrastructure, Inc. sued ZTE in Romania for patentinfringement seeking damages and a permanent injunction.  In a parallelproceeding, Vringo requested and obtained, ex parte, an interim injunctionprohibiting ZTE and its distributors from importing, exporting, introducing onthe market, offering for sale, storing, selling, distributing, promoting,and/or conducting any other trading activity with respect to any 4G/LTE mobilephone produced by ZTE and any infrastructure equipment produced by ZTE whichincorporates 4G/LTE technology.After the trial court granted the interim injunction, ZTE filed a request tooverturn the injunction with the Bucharest Court of Appeal.  ZTE also askedthe Court of Appeal by way of a separate proceeding to suspend the injunctionuntil the Court of Appeal reviewed the grant of the interim injunction.  ZTEalleged that the grant of the interim injunction subjected ZTE to losses inexcess of €31,523,069.00 under its agreements with Cosmote Romania andDeutsche Telekom AG.   On October 10, 2014, in the face of ZTE's allegations that it was immediatelysubject to tens of millions of Euros in contract losses, the Bucharest Courtof Appeal temporary suspended enforcement of Vringo's interim injunctionagainst ZTE pending the outcome of ZTE's appeal, which is expected beforemid-December.This appeal does not affect Vringo's underlying infringement case, in which itis seeking damages and a permanent injunction.  That case is expected to beheard in the second half of 2015."Vringo welcomes the opportunity to have the Bucharest Court of Appeal decidewhether Vringo is entitled to an injunction against ZTE on the full record. Vringo is confident in both the merits of its underlying case and thenecessity and merit of an interim injunction against ZTE," said David Cohen,Vringo's Chief Legal and Intellectual Property Officer.Vringo has sought to engage ZTE in licensing discussions related to Vringo'sstandard essential patent portfolio for over two years following a decade offailed attempts by the previous owner of those patents.  Vringo has evenproposed to have the United Kingdom High Court or independent arbitratorsresolve the parties' disputes. When Vringo tried to engage ZTE in direct discussions in December 2013 andprovided settlement material under a non-disclosure agreement (NDA), ZTEconsciously chose to use Vringo's materials in violation of the NDA.  ZTE'sbreach of the NDA is currently the subject of litigation in New York whereVringo has already received a temporary restraining order against ZTE.  Vringois seeking a permanent injunction as well as compensatory and punitive damagesagainst ZTE in the New York litigation.   Additionally, Vringo believes that ZTE has failed to fully respect relevantcourt orders in Brazil, Germany and India.  As such, Vringo has been left withno choice but to file a request for seizure of certain ZTE equipment inBrazil, a lawsuit for an accounting in Germany, and two contempt motions inIndia.In Brazil, on October 2, 2014, in view of ZTE's violation of an injunction,the trial court ordered the seizure of certain ZTE equipment.In Germany, the litigation on ZTE's failure to provide proper accounting, asordered by the court, will be tried on November 21, 2014.In India, Vringo's contempt motions are currently awaiting a ruling by theIndian court.Notwithstanding ZTE's actions to date, Vringo remains willing to license itsstandard essential patents on a fair, reasonable and non-discriminatory basis.