The Most Powerful In-Vehicle Wire-Free Charging System for Automotive and Transportation Aftermarkets
NEW YORK - October 28, 2015 - Vringo, Inc. (NASDAQ: VRNG), a company engaged in the innovation, development and monetization of intellectual property as well as the commercialization and distribution of wire-free charging and rugged computing devices, today announced that its subsidiary, fliCharge, and MITO Corporation, a leading importer and distributor of aftermarket products to the transportation industry, have introduced ReVive, an innovative wire-free conductive charging system for the automotive and transportation aftermarkets.
The ReVive system can be installed in virtually any type of vehicle including cars, trucks, RVs, taxis, emergency vehicles and boats providing user-friendly and efficient wire-free conductive charging for smart phones, tablets and many other battery-operated devices. ReVive's industry leading 36 watt 12 volt charging circuit is more than six times more powerful than the competing inductive car chargers and has enough power to charge several devices at the same time.
ReVive is supported by fliCharge enabled Apple and Samsung phone cases, universal adaptors for a wide number of electronic devices and charge pads for home, school and office.
"We have been searching for a true wire-free charging platform that can provide cost effective, powerful and highly efficient charging across multiple devices for today's connected and mobile consumers," said Marvin Metzler, CEO of MITO. "To that end, we are excited to introduce fliCharge's ReVive technology to our customers at SEMA, at the Las Vegas Convention Center from November third through the sixth."
"With a growing list of automotive manufacturers now using our technology, we are pleased to offer this exciting aftermarket product to all other car and vehicle owners," said Kevin Hibbard, Vice President of Product Development of fliCharge. "We are very excited about our partnership with MITO that will help to develop the fliCharge ecosystem into all areas of the mobile consumer's life."
About Vringo, Inc.
Vringo, Inc. is engaged in the innovation, development and monetization of intellectual property as well as the commercialization and distribution of wire-free charging and rugged computing devices. Vringo's intellectual property portfolio consists of over 600 patents and patent applications covering telecom infrastructure, internet search, ad-insertion, mobile and wire-free charging technologies. Vringo's subsidiary fliCharge is dedicated to the licensing and commercialization of wire-free charging technologies. Vringo's subsidiary Group Mobile is dedicated to the marketing and sale of rugged computing devices. For more information, visit: www.vringo.com.
About MITO Corporation
Since 1974, MITO Corporation has been an importer/distributor supplying top quality products and top brand name solutions to the RV, marine, school bus, transit bus and specialty vehicle OEM and aftermarket industries. Over the years, MITO Corporation has established many exclusive vendor relationships with industry leading products including Gentex, HomeLink, Seiki, VIZIO, Clarion Corp of America, KICKER, Alpine Electronics, DUAL, Panasonic, and WiFi Ranger. MITO's proprietary products include Perimeter View observation systems, cameras and monitors, MITO RV and Marine speakers and accessory products. For more information about MITO Corporation, visit www.mitocorp.com.
Forward-Looking Statements
This press release includes forward-looking statements, which may be identified by words such as "believes," "expects," "anticipates," "estimates," "projects," "intends," "should," "seeks," "future," "continue," or the negative of such terms, or other comparable terminology. Forward-looking statements are statements that are not historical facts. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ materially from the forward-looking statements contained herein. Factors that could cause actual results to differ materially include, but are not limited to: our inability to license and monetize our patents, including the outcome of the litigation against ZTE and other companies; our inability to recognize the anticipated benefits of the acquisition of IDG, which may be affected by, among other things, competition, our ability to secure advantageous licensing and sales agreements, market acceptance of IDG's technology, potential technology obsolescence, protection of intellectual property rights and potential liability risks that are inherent in the marketing and sale of products used by consumers; our inability to monetize and recoup our investment with respect to patent assets that we acquire; our inability to develop and introduce new products and/or develop new intellectual property; our inability to protect our intellectual property rights; new legislation, regulations or court rulings related to enforcing patents, that could harm our business and operating results; unexpected trends in the mobile phone and telecom infrastructure industries; our inability to raise additional capital to fund our combined operations and business plan; our inability to maintain the listing of our securities on a major securities exchange; the potential lack of market acceptance of our products; potential competition from other providers and products; our inability to retain key members of our management team; the future success of Infomedia and our ability to receive value from its stock; our ability to continue as a going concern; our liquidity and other risks and uncertainties and other factors discussed from time to time in our filings with the Securities and Exchange Commission ("SEC"), including our annual report on Form 10-K filed with the SEC on March 16, 2015. Vringo expressly disclaims any obligation to publicly update any forward-looking statements contained herein, whether as a result of new information, future events or otherwise, except as required by law.
Investor and Media Contacts:
Cliff Weinstein
Executive Vice President
Vringo, Inc.
646-532-6777
cweinstein@vringoinc.com
Marvin Metzler
President & CEO
MITO Corporation
574-295-2441
mmetzler@mitocorp.com
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Source: Vringo, Inc. via Globenewswire
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