NEW YORK–(BUSINESS WIRE)–Vringo, Inc. (NYSE MKT: VRNG), a aggregation affianced in the innovation, development and monetization of adaptable technologies and bookish property, today appear that it had entered into a Apparent Purchase Agreement with Nokia Corporation pursuant to which Nokia agreed to advertise Vringo a portfolio consisting of over 500 patents and apparent applications worldwide, including 109 issued United States patents. Vringo agreed to atone Nokia with a banknote acquittal and assertive advancing rights in revenues generated from the apparent portfolio.
The portfolio encompasses a ample ambit of technologies apropos to cellular infrastructure, including advice management, abstracts and arresting transmission, advancement management, radio assets administration and services.
Thirty one of the 124 apparent families acquired accept been declared basic by Nokia to wireless communications standards. Standards represented in the portfolio are frequently accepted as 2G, 2.5G, 3G and 4G and accompanying technologies and accommodate GSM, WCDMA, T63, T64, DECT, IETF, LTE, SAE, and OMA.
Further capacity are included in a Form 8-K to be filed by Vringo with the United States Balance and Exchange Commission.
For added information, visit: www.vringoIP.com.
About Vringo, Inc.
Vringo, Inc. is affianced in the innovation, development and monetization of adaptable technologies and bookish property. Vringo’s bookish acreage portfolio consists of eleven patents, eight of which were acquired from Lycos, Inc., as able-bodied as over twenty apparent applications. Vringo operates a all-around belvedere for the administration of adaptable amusing applications and casework including Facetones® and Video Ringtones which transforms the basal act of authoritative and accepting adaptable buzz calls into a awful visual, amusing experience.
This columnist absolution includes advanced statements, which may be articular by words such as “believes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “should,” “seeks,” “future,” “continue,” or the abrogating of such terms, or added commensurable terminology. Advanced statements are statements that are not absolute facts. Such advanced statements are accountable to risks and uncertainties, which could account absolute after-effects to alter materially from the advanced statements independent herein. Factors that could account absolute after-effects to alter materially include, but are not bound to: the disability to apprehend the abeyant amount created by the alliance with Innovate/Protect for our stockholders; our disability to accession added basic to armamentarium our accumulated operations and business plan; our disability to monetize and compensate our advance with account to apparent assets that we acquire; our disability to advance the advertisement of our balance on the NYSE MKT; the abeyant abridgement of bazaar accepting of our products; our disability to assure our bookish acreage rights; abeyant antagonism from added providers and products; our disability to authorization and monetize the patents endemic by Innovate/Protect, including the aftereffect of the action adjoin online chase firms and added companies; our disability to monetize and compensate our advance with account to apparent assets that we acquire; and added risks and uncertainties and added factors discussed from time to time in our filings with the Balance and Exchange Commission (“SEC”). Investors and stockholders are additionally apprenticed to apprehend the accident factors set alternating in the absolute proxy statement/prospectus filed with the SEC on June 21, 2012. Vringo especially disclaims any obligation to about amend any advanced statements independent herein, whether as a aftereffect of new information, approaching contest or otherwise, except as appropriate by law.
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