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Share Name | Share Symbol | Market | Type |
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XpresSpa Group Inc | NASDAQ:XSPA | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.655 | 0.6501 | 0.68 | 0 | 01:00:00 |
NEW YORK - March 10, 2016 - Vringo, Inc. (NASDAQ: VRNG), a diversified technology company, today announced operating results for the year ended December 31, 2015 in its Annual Report on Form 10-K filed with the Securities and Exchange Commission and provided an update on its ongoing business operations.
"2015 was a transformational year for Vringo. In October, we acquired two businesses, Fli Charge, a wire-free power technology company, and Group Mobile, a supplier of built-to-order rugged computers, mobile devices and accessories. Shortly after, in December, we entered into a Global Settlement and License Agreement with ZTE Corporation, which resolved all outstanding disputes between Vringo and ZTE. We now have a proven patent portfolio which we will seek to continually license actively," said Andrew Perlman, Chief Executive Officer of Vringo.
"We believe that our solid financial position makes Vringo an excellent platform for growth. In addition, it enables us to execute on our existing business strategy as well as pursue additional opportunities which we believe will create shareholder value," concluded Mr. Perlman.
Fli Charge
Group Mobile
Operating Results for the Year Ended December 31, 2015
About Vringo, Inc.
Vringo, Inc. is a diversified technology company engaged in the innovation, development, commercialization and monetization of three operating segments; Fli Charge, Group Mobile, and Intellectual Property. Fli Charge is dedicated to the licensing and commercialization of wire-free power technologies. Group Mobile is dedicated to the marketing and sale of rugged computing devices. Intellectual Property portfolio consists of over 600 patents and patent applications covering telecom infrastructure, internet search, ad-insertion, mobile and wire-free charging technologies; visit: www.vringo.com | www.flicharge.com | www.groupmobile.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 online search firms and other companies; 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; 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 10, 2016. 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
212-309-7549
info@vringoinc.com
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