Unwired Planet, Inc. (NASDAQ: UPIP), through its Nevada-based
subsidiary, Unwired Planet LLC, today announced it has filed a patent
infringement complaint against Square, Inc. in the U.S. District Court
for the District of Nevada.
The suit was filed by Unwired Planet to protect the Cloud & Services
portion of its intellectual property (IP) licensing business. In the
complaint filed in Reno, Nevada, Unwired Planet charges Square with
infringing three of its patents related to location-based services and
mobile payments.
"Square generates substantial revenues from mobile payment technology
that relies on the intellectual property that Unwired Planet developed
and patented many years ago. We are seeking reasonable compensation for
continued use of this technology. While our first choice is to reach a
licensing arrangement without litigation, we have determined that
enforcement is necessary in this instance," said Phil Vachon, chairman
of Unwired Planet.
Unwired Planet has partnered with Morgan Lewis under an alternative fee
arrangement. The arrangement involves a combination of fixed and success
payments which begin the first quarter of the company’s fiscal year 2015.
The patents asserted against Square in this matter are:
1. United
States Patent No. 7,711,100, entitled "System and Method for Controlling
Financial Transactions Over a Wireless Network," asserted against Square
Wallet. This patent generally relates to location-based, financial
transactions made by wireless devices.
2. United States Patent No.
7,376,433, entitled "Subscriber Delivered Location-Based Services,"
asserted against Square Wallet. This patent generally relates to
location-based merchant selection and transactions made by wireless
devices.
3. United States Patent No. 8,275,359, entitled "Wireless
User Based Notification System," asserted against Square Wallet and
Square Register. This patent generally relates to location-based mobile
device notifications.
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, includes 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
Cautionary Language Regarding Forward-Looking Statements
This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E of
the Securities Exchange Act of 1934, including statements regarding
Unwired Planet's expectations regarding its plans and strategic
direction. All statements other than statements of historical fact
contained in this press 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 Unwired
Planet'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 plan and strategy, the ability of Unwired Planet to
implement and execute its plan and strategy, and to be successful in any
related litigation as well as those risk factors discussed in filings
with the U.S. Securities and Exchange Commission ("SEC"), including but
not limited to the Company's Annual Report on Form 10-K filed
on September 9, 2013, and any subsequently filed reports on Forms 10-Q
and 8-K. Unwired Planet 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 press release.
Copyright Business Wire 2013