Unwired Planet Terminates ITC Litigation; Intends to Pursue Matter in District Court of Delaware
RENO, Nev.--(BUSINESS WIRE)--
Unwired Planet (Nasdaq: UPIP) today commented on its pending
investigation against Apple and Research-in-Motion at the International
Trade Commission (ITC). For more information, please see Unwired
Planet's blog at www.unwiredplanet.com/unwired-planet-blog/
On Thursday, October 11, 2012, Administrative Law Judge ("ALJ") Gildea
declined to stay the pending investigation despite a joint motion filed
by all of the parties. The denial of the joint motion further postponed
the ability to appeal what Unwired Planet considers an erroneous claim
construction. Rather than proceed with the trial, Unwired Planet has
determined that it is in the shareholders' best interest for the Company
to terminate the investigation.
Instead, the Company intends to continue to pursue the matter in its
pending case in the Federal District Court of Delaware, which was
initially filed in August 2011 in parallel with -- and involving the
same patents as -- the ITC investigation, and provides the Company with
an opportunity to seek a corrected claim construction in the federal
court.
The Company has established a blog to provide more details on this
and other matters at www.unwiredplanet.com/unwired-planet-blog/.
Please visit that site for an expanded summary of events, the
Company's perspective and procedural status.
About Unwired Planet
Unwired Planet (NASDAQ: UPIP) is the inventor of the mobile internet.
Unwired Planet established many of the foundational patents that allow
mobile devices to connect to the Internet. Over the years, the company
has amassed a patent portfolio of approximately 200 issued US and
foreign patents and approximately 75 pending applications, many of which
are considered foundational to mobile communications, and span smart
devices, cloud technologies and unified messaging. 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 the impact of the Markman order
and the termination of the ITC case. 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 uncertainty of the impact of the Markman order and the termination
of the ITC case, 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 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 7, 2012, 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.
For More Information:
The Blueshirt Group
Mike Bishop,
415-217-4968
Investor Relations
mike@blueshirtgroup.com
Source: Unwired Planet
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