02.11.2015 15:00:11
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VRINGO SUBSIDIARY FLICHARGE INTRODUCES 36-WATT WIRE-FREE CHARGING CIRCUIT BOARD ASSEMBLEY FOR AUTOMOTIVE AND TRANSPORATION MARKETS
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
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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