NEW YORK - November 9, 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 Vringo's subsidiary fliCharge received two Global Media Awards at the SEMA international automotive trade show.
"We are pleased that our aftermarket wire-free charging solution was favorably received by automotive journalists from around the world. I would like to thank our partner, MITO Corporation, for their support and hospitality in allowing us to exhibit this innovative product at their booth during the 2015 SEMA Show," said Kevin Hibbard, Vice President of Product Development at fliCharge.
The annual Global Media Awards are selected by a group of 35 top automotive journalists from around the world. Each selects 10 out of more than 2,000 products from the New Products Showcase that he or she thinks will most appeal to consumers in their home markets and achieve commercial success. Winning companies received Global Media Awards signifying the global appeal of their products and their companies.
The SEMA Show is the premier automotive specialty products trade event in the world. The SEMA Show provides attendees with educational seminars, product demonstrations, special events, networking opportunities and more. This year's conference concluded on November 6 and had over 2,000 exhibitors as well as over 100,000 attendees
On October 28, 2015, Vringo's subsidiary fliCharge, along with MITO Corporation, a leading importer and distributor of aftermarket products to the transportation industry, introduced ReVive. 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 as powerful as competing inductive car chargers and has enough power to charge several devices at the same time.
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.
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.
Contacts:
Investors and Media:
Cliff Weinstein
Executive Vice President
Vringo, Inc.
646-532-6777
cweinstein@vringoinc.com
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Source: Vringo, Inc. via Globenewswire
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