ZTE Receives Payment from Vringo After Withdrawal of Patent Claim in UK

Release Time:2015-03-27
ZTE Receives Payment from Vringo After Withdrawal of Patent Claim in UK - ZTE Press Release

ZTE Receives Payment from Vringo After Withdrawal of Patent Claim in UK

Date:2015-03-27 ZTE Click:251

27 March 2015, Shenzhen – ZTE Corporation announced that its ZTE (UK) Ltd. subsidiary received the payment of approximately £490,000 from Vringo Infrastructure Inc. in accordance with agreements between the parties following the withdrawal of Vringo’s claims over European Patent 1,808,029.

The payment comprised approximately £460,000 of costs that Vringo agreed to pay ZTE in respect of litigation over the ‘029 patent in the High Court of Justice Chancery Division in London, and approximately £27,600 in respect of ZTE’s summary judgment application. In February, Vringo discontinued claims concerning the ‘029 patent in the London court, in addition to claims concerning two other patents, 1,186,119 and 1,221,212, after ZTE demonstrated that the patents asserted against it are not infringed.

ZTE is committed to defending the company against related claims over the ‘029, ‘119 and ‘212 patents and their equivalents by Vringo in other jurisdictions. In Germany, ZTE’s appeal of a ruling over the ‘119 patent is pending. In France, a court hearing on a case concerning the ‘119 and ‘212 patents is set for April. Litigations in Australia, Malaysia and the Netherlands are also pending.

As a globally-leading technology innovator, ZTE respects the intellectual property of other companies and is willing to negotiate royalty fees with license holders based on FRAND (fair, reasonable and non-discriminatory) principles. ZTE has completed dozens of global intellectual property licensing agreements with holders including Ericsson, Siemens, Dolby Laboratories, Qualcomm, and Microsoft.

ZTE is committed to investment in intellectual property and compliance management to safeguard the company’s business operations and commercial interests. ZTE ranked third globally in patent applications under the Patent Cooperation Treaty (PCT) in the past year, according to the latest annual report published by the World Intellectual Property Organization this month. This was the fifth successive year in which ZTE was ranked inside the Global Top-3 by WIPO.