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
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Vringo, Inc. via Globenewswire
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