Vringo Issues Update to Holders: Preparing to Seek Review of Appeals Court Decision

Vringo, Inc. VRNG today provided an update to shareholders. "The management team at Vringo remains focused on its efforts to innovate, develop and monetize intellectual property.  We are preparing to seek further review of the U.S. Court of Appeals for the Federal Circuit's split 2-1 decision in our wholly-owned subsidiary I/P Engine's case against AOL, Google and others.  Our legal team is preparing for the next steps in the case, and we intend to keep our shareholders updated," said Andrew D. Perlman, Chief Executive Officer. "Vringo continues to pursue ZTE Corporation and ASUS and certain of their subsidiaries for past and future license royalties.  Vringo is committed to providing ZTE, ASUS and all other interested parties licenses to its standard essential patents (SEPs) on fair, reasonable and non-discriminatory terms," said David L. Cohen, Esq., Chief Legal and Intellectual Property Officer. "We look forward to the remainder of 2014 where we have more than ten scheduled hearings in which liability, interim or final relief are being determined in more than six countries. We believe strongly in the cases that we have filed, and we intend to prove that these parties and others should take licenses to our intellectual property," Mr. Cohen continued. "Vringo has approximately $29 million in cash and court deposits, and no debt. Vringo's management team is focused on monetization of its existing assets and continues to review assets and strategic opportunities that it believes would add value for our shareholders," said Anastasia Nyrkovskaya, Chief Financial Officer. While dates often change in litigation for a variety of reasons, the following two sections outline the events currently scheduled in Vringo's filed cases, and background on those cases. I/P Engine v. AOL, Google et al. October 15, 2014:  Vringo's wholly-owned subsidiary intends to file a petition with the United States Court of Appeals for the Federal Circuit seeking en banc review of the split appellate decision in its case against AOL Inc., Google, Inc. et al. that issued on August 15, 2014 and reversed the judgment of the United States District Court for the Eastern District of Virginia. I/P Engine's petition for en banc review is due on October 15, 2014. Vringo v. ZTE o September 3, 2014: In India, the High Court of Delhi at New Delhi is scheduled to hear Vringo's contempt motion in Vringo's first filed case against ZTE, which alleges that ZTE failed to comply with the accounting ordered by the Court on December 12, 2013 regarding ZTE's sales of CDMA2000 infrastructure, handsets, and dongles, which allegedly infringe the relevant patent.   o September 8, 2014:  Also in India, the High Court of Delhi in New Delhi is scheduled to hear argument regarding Vringo's contempt motion in Vringo's second filed case, which alleges, among other items, that ZTE violated the interim injunction during its pendency and, under the terms of the interim arrangement, failed to deposit the required sums with the Court.   o Late October 2014: In the United Kingdom, the UK High Court of Justice has scheduled the commencement of the first of two trials on liability between Vringo and ZTE concerning ZTE's alleged infringement of five patents covering technology ranging from 2G to 4G/LTE handsets and infrastructure.   o November 21, 2014:  In Germany, the Mannheim Regional Court is scheduled to hear Vringo's complaint alleging that ZTE failed to comply with the accounting ordered by the Court pursuant to the injunction granted in December 2013, when it found that ZTE infringed one of Vringo's European patents covering 3G infrastructure.   o November 27, 2014: Also in Germany, the Dusseldorf Regional Court is scheduled to hold two trials on ZTE's alleged infringement of two of Vringo's non-SEP patents that cover the hotspot and navigation functionality of handheld devices, respectively.   o December 8, 2014: In France, the Tribunal de Grande Instance de Paris is scheduled to hold a trial on liability in the case between Vringo and ZTE regarding ZTE's alleged infringement of two patents covering 2G and 3G infrastructure.  One of the patents is the French counterpart to the patent on which Vringo secured an injunction in December 2013 in Germany.   o In both Brazil and Romania, Vringo has secured interim injunctions against ZTE.  In Brazil, where the injunction was upheld on appeal, the patent covers 3G and 4G/LTE infrastructure. In Romania, the patent covers both 3G and 4G handsets and infrastructure.   o Hearing dates to determine ZTE's liability in Vringo's lawsuits against ZTE in Australia, Brazil, India, Malaysia, the Netherlands, Romania, and the United States have not yet been set.   o In a number of cases ZTE has commenced collateral proceedings aimed at subverting Vringo's lawful attempts to monetize its patents.  These proceedings include an anti-monopoly litigation filed in China, a competition complaint lodged with the European Commission, and a number of preliminary injunction requests in Brazil and the Netherlands.  Vringo is confident in its legal positions and is committed to enforcing its rights to fullest extent allowed under the relevant legal and regulatory regimes.   ZTE has also filed re-examination requests with the Chinese patent office seeking to revoke the Chinese counterparts of Vringo's patents.   Over 30 requests have been allowed to proceed.  To date, two of Vringo's patents have been affirmed as valid; the remaining patents are being reviewed. Vringo v. ASUS o November 25, 2014:  In Spain, the Commercial Court of Barcelona has scheduled a hearing on liability in the case between Vringo and ASUS in which ASUS is accused of infringing a non-SEP patent covering the hotspot functionality in handheld devices.   o November 27, 2014: In Germany, the Dusseldorf Regional Court is scheduled to hold two trials on ASUS's alleged infringement of two non-SEP patents that cover the hotspot and navigation functionality of handheld devices respectively