Unwired Planet Charges Square, Inc. With Infringing Three Mobile Payment Patents
October 21 2013 - 6:30AM
Business Wire
Unwired Planet, Inc. (NASDAQ: UPIP), through
its Nevada-based subsidiary, Unwired Planet LLC, today
announced it has filed a patent infringement complaint against
Square, Inc. in the U.S. District Court for the District of
Nevada.
The suit was filed by Unwired Planet to protect the
Cloud & Services portion of its intellectual property (IP)
licensing business. In the complaint filed in Reno,
Nevada, Unwired Planet charges Square with infringing
three of its patents related to location-based services and mobile
payments.
"Square generates substantial revenues from mobile payment
technology that relies on the intellectual property
that Unwired Planet developed and patented many years ago. We
are seeking reasonable compensation for continued use of this
technology. While our first choice is to reach a licensing
arrangement without litigation, we have determined that enforcement
is necessary in this instance," said Phil Vachon, chairman of
Unwired Planet.
Unwired Planet has partnered with Morgan Lewis under an
alternative fee arrangement. The arrangement involves a combination
of fixed and success payments which begin the first quarter of the
company’s fiscal year 2015.
The patents asserted against Square in this matter are:1. United
States Patent No. 7,711,100, entitled "System and Method for
Controlling Financial Transactions Over a Wireless Network,"
asserted against Square Wallet. This patent generally relates to
location-based, financial transactions made by wireless devices.2.
United States Patent No. 7,376,433, entitled "Subscriber Delivered
Location-Based Services," asserted against Square Wallet. This
patent generally relates to location-based merchant selection and
transactions made by wireless devices.3. United States Patent No.
8,275,359, entitled "Wireless User Based Notification System,"
asserted against Square Wallet and Square Register. This patent
generally relates to location-based mobile device
notifications.
About Unwired Planet
Unwired Planet, Inc. (NASDAQ: UPIP) is the inventor of the
Mobile Internet and a premier intellectual property company focused
exclusively on the mobile industry. The Company's patent portfolio
of more than 2,400 issued US and foreign patents, includes the
technologies that allow mobile devices to connect to the Internet
and enable mobile communications. The portfolio spans 2G, 3G and 4G
technologies, as well as cloud-based mobile applications and
services. Unwired Planet's portfolio includes patents
related to key mobile technologies, including baseband mobile
communications, mobile browsers, mobile advertising, push
technology, maps and location based services, mobile application
stores, social networking, mobile gaming and mobile
search. Unwired Planet is headquartered in Reno,
Nevada
Cautionary Language Regarding Forward-Looking
Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934, including
statements regarding Unwired Planet's expectations regarding its
plans and strategic direction. All statements other than statements
of historical fact contained in this press release are
forward-looking statements. In some cases, you can identify
forward-looking statements by terminology such as "may," "will,"
"should," "expects," "plans," "anticipates," "believes,"
"estimates," "predicts," "potential" or "continue" or the negative
of these terms or other comparable terminology. These statements
are only current predictions and are subject to known and unknown
risks, uncertainties and other factors that may cause Unwired
Planet's actual results, levels of activity, performance or
achievements to be materially different from those anticipated by
the forward-looking statements. These forward-looking statements
are subject to a number of risks, including the ability
of Unwired Planet to realize anticipated results of its
plan and strategy, the ability of Unwired Planet to
implement and execute its plan and strategy, and to be successful
in any related litigation as well as those risk factors discussed
in filings with the U.S. Securities and Exchange
Commission ("SEC"), including but not limited to the Company's
Annual Report on Form 10-K filed on September 9, 2013, and any
subsequently filed reports on Forms 10-Q and 8-K. Unwired
Planet undertakes no duty to update or revise any of the
forward-looking statements, whether as a result of new information,
future events or otherwise, after the date of this press
release.
The Blueshirt GroupMike Bishop,
415-217-4968mike@blueshirtgroup.com
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