FLICHARGE'S REVIVE CHARGING SYSTEM FOR AUTOMOTIVE AND TRANSPORTATION AFTERMARKETS WINS TWO GLOBAL MEDIA AWARDS AT SEMA
November 09 2015 - 8:45AM
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
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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