KUALA LUMPUR, Malaysia. - Tuesday, December 16th 2014 [ME NewsWire]
(BUSINESS WIRE) ZTE Corporation noted the High Court of Malaya at Kuala Lumpur today ordered Vringo Infrastructure to bear the legal costs of ZTE Malaysia, after Vringo withdrew an application for an interlocutory injunction against certain ZTE network products with LTE technology in Malaysia.
ZTE is committed to defending a pending lawsuit in Malaysia related to the MY-142706 patent initiated by Vringo, and reserves the right to pursue all other legal actions in Malaysia and other jurisdictions to safeguard the interests of ZTE and its customers.
In September, Vringo withdrew an infringement claim against ZTE related to Patent EP (UK) 1 808 029, the equivalent of MY-142706 in the United Kingdom, from an impending trial before the UK High Court of Justice Chancery Division court.
As a globally-leading technology innovator, ZTE respects the intellectual property of other companies and is willing to negotiate royalty fees with license holders based on FRAND principles. ZTE steadfastly opposes all forms of abuses of intellectual property by non-practicing entities that use the threat of litigation and injunction to support their demands for unfair licensing fees.
ZTE is a publicly-listed global provider of telecommunications equipment and network solutions with the most comprehensive product range covering virtually every telecommunications sector, including wireless, access & bearer, VAS, terminals and professional services. The company delivers innovative, custom-made products and services to over 500 operators in more than 160 countries, helping them to meet the changing needs of their customers while growing revenue. ZTE commits 10 per cent of its annual revenue to research and development and has leadership roles in several international bodies devoted to developing telecommunications industry standards. ZTE is committed to corporate social responsibility and is a member of the UN Global Compact. The company is China’s only listed telecom manufacturer that is publicly traded on both the Hong Kong and Shenzhen Stock Exchanges (H share stock code: 0763.HK / A share stock code: 000063.SZ). For more information, please visit www.zte.com.cn.
Margrete Ma, +86 755 26775207
Edelman Hong Kong
Mark Lee, +852-28374756