VRINGO SUBSIDIARY FLICHARGE INTRODUCES 36-WATT WIRE-FREE CHARGING CIRCUIT BOARD ASSEMBLEY FOR AUTOMOTIVE AND TRANSPORATION MA...
November 02 2015 - 9:00AM
NEW YORK - November 2, 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 has introduced an industry leading 36-watt conductive
wire-free charging printed circuit board assembly (PCBA) for
automotive and other transportation markets.
The 36-watt 12-volt charging
circuit has enough power to charge smartphones, tablets, iPads and
other devices on the same pad simultaneously. The PCBA can be
easily installed at the factory or in the aftermarket in cars,
minivans, trucks, RVs and boats providing convenient, highly
efficient wire-free conductive charging. fliCharge's
wire-free charging platform is the only solution on the market
today that has enough power to keep up with an entire family's
charging needs using a single charging pad.
fliCharge's two sided, four layer
PCBA has been designed for easy and cost effective installation.
The PCBA is approximately half the size of previous conductive PCBA
units commonly used in the automotive industry.
"As wire-free charging becomes
commonplace in vehicles, consumers and professionals alike are
looking for a platform that is capable of charging multiple devices
with comparable speed to conventional wired charging," said Kevin
Hibbard, Vice President of Product Development of fliCharge. "From
family road trips to law enforcement patrols, the need for superior
in-vehicle wire-free charging has become apparent. The comfort of
knowing that your mobile devices are fully charged, without the
hassle of carrying cables and adapters, cannot be understated."
"I am proud of the accomplishments
that the fliCharge team has made since its acquisition by Vringo
just a few weeks ago," said Andrew Perlman, Vringo's CEO. "I
am truly impressed with the speed at which the team has been able
to sign partnership agreements and introduce innovative products
such as the 36-watt PCBA. I am looking forward to the SEMA and CES
shows, where these recent developments will take center stage."
fliCharge's technology is
currently available from a number of auto manufactures and through
our partnerships with MITO for aftermarket automotive and Bretford
for smart furniture for markets including education, retail and
healthcare. Through its technology integration program,
fliCharge provides its partners with the ability to integrate
highly efficient, safe, conductive wire-free charging into
their products quickly and cost effectively.
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.
Investor and
Media Contacts:
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
HUG#1963309
XpresSpa (NASDAQ:XSPA)
Historical Stock Chart
From Apr 2024 to May 2024
XpresSpa (NASDAQ:XSPA)
Historical Stock Chart
From May 2023 to May 2024