Unwired Planet, Inc. (Nasdaq: UPIP), today announced a chief executive
officer transition plan. Current CEO, Michael Mulica, has agreed to
remain as CEO through the appointment of his successor and has entered
into a separation agreement with Unwired Planet in which he agrees to
stay as CEO through May 31, 2013. The separation agreement sets forth
the terms of his continued service during the transition and his
eventual resignation as CEO. Mr. Mulica currently intends to remain on
the board of directors for the foreseeable future.
“Mike has been instrumental in helping to architect and execute a
complete transformation of Unwired Planet over the past one and a half
years. During this time, he successfully led the divestiture of our
legacy product businesses, the creation of our IP licensing strategy,
facilitated a 100% replacement of staff, relocated our headquarters to
Reno, Nevada, launched two legal actions against Apple and Google, and
most recently consummated our recent transaction with Ericsson which
greatly expands the market opportunity for Unwired Planet. I am very
proud of what Mike has accomplished during his tenure and look forward
to his continued active involvement in Unwired Planet,” said Peter Feld,
Chairman of the Board of Directors.
Mr. Mulica stated, “Since joining Unwired Planet as CEO in October 2011,
we have worked tirelessly to re-invent the company and position it for
future success taking advantage of the billions of dollars spent on
innovation and invention over the years. As a small, nimble, and highly
focused company, Unwired Planet is now ready to emerge as the leader in
the mobile IP licensing space. We have arrived at our strategic
destination. I look forward to seeing the company through this
transition and continuing to work with our talented team through my role
as a member of the board of directors.”
About Unwired Planet
Unwired Planet, Inc. (NASDAQ: UPIP) is the inventor of the Mobile
Internet and a premier intellectual property company focused exclusively
on the mobile industry. The company’s patent portfolio of more than
2,400 issued US and foreign patents include the technologies that allow
mobile devices to connect to the Internet and enable mobile
communications. The portfolio spans 2G, 3G and 4G technologies, as well
as cloud-based mobile applications and services. Unwired Planet's
portfolio includes patents related to key mobile technologies, including
baseband mobile communications, mobile browsers, mobile advertising,
push technology, maps and location based services, mobile application
stores, social networking, mobile gaming and mobile search. Unwired
Planet is headquartered in Reno, Nevada.
Safe Harbor for Forward-Looking Statements
This release contains forward-looking statements made pursuant to the
safe harbor provisions of the Private Securities Litigation Reform Act
of 1995. All statements other than statements of historical fact
contained in this release are forward-looking statements. In some cases,
you can identify forward-looking statements by terminology such as
“may,” “will,” “should,” “expects,” “plans,” “anticipates,” “believes,”
“estimates,” “predicts,” “potential” or “continue” or the negative of
these terms or other comparable terminology. These statements are only
current predictions and are subject to known and unknown risks,
uncertainties and other factors that may cause the company’s actual
results, levels of activity, performance or achievements to be
materially different from those anticipated by the forward-looking
statements. These forward-looking statements are subject to a number of
risks, including the ability of Unwired Planet to realize anticipated
results of its strategy, the ability of Unwired Planet to deliver and
capitalize on the opportunities of its strategy, the ability of Unwired
Planet to execute its strategy as well as those risk factors discussed
in filings with the U.S. Securities and Exchange Commission, including
but not limited to the Company’s Annual Report on Form 10-K filed on
September 7, 2012, and any subsequently filed reports on Forms 10-Q and
8-K or amendments thereto. The Company undertakes no duty to update or
revise any of the forward-looking statements, whether as a result of new
information, future events or otherwise, after the date of this release.