VoIP-Pal Files Two New Patent Infringement Lawsuits Against New Defendants Samsung and Huawei Asserting its Mobile Gateway Patents in U.S. District Court for the Western District of Texas, Waco Division
VoIP-Pal.com Inc. (OTCQB: VPLM) has filed two new patent infringement lawsuits against Samsung and Huawei in the U.S. District Court for the Western District of Texas, bringing the total pending cases to ten.
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Rhea-AI Summary
VoIP-Pal.com Inc. (OTCQB: VPLM) has filed two new patent infringement lawsuits against Samsung and Huawei in the U.S. District Court for the Western District of Texas, bringing the total pending cases to ten. The cases involve significant companies in the smartphone industry, as Samsung leads globally with over 20% market share, while Huawei ranks in the top five. CEO Emil Malak expressed gratitude for shareholder support amid ongoing legal challenges to monetize VoIP patents, acknowledging the inherent risks and uncertainties of litigation.
Positive
- Total patent infringement cases increased to ten, indicating ongoing legal efforts.
- New lawsuits filed against major smartphone manufacturers could enhance visibility and potential revenue.
Negative
- Patent litigation involves various risks and uncertainties that may affect monetization efforts.
Details
News Market Reaction – VPLM
The recorded move for VPLM in the trading session of this news was -4.26%.
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AI-generated analysis. How Rhea-AI works. Not financial advice.
The Company has ten patent infringement cases pending in the Western District of Texas
WACO, Texas, Dec. 02, 2021 (GLOBE NEWSWIRE) -- VoIP-Pal.com Inc. (“VoIP-Pal”, “Company”) (OTCQB: VPLM) announces that it has filed two new patent infringement lawsuits in the U.S. District Court for the Western District of Texas, Waco Division. The new cases were filed against Samsung Electronics Co., Ltd.; Samsung Electronics America, Inc., and Samsung Austin Semiconductor, LLC and (2) Huawei Technologies Co., Ltd. and Huawei Technologies USA, Inc. Both Samsung and Huawei have U.S. headquarters in Texas. These actions bring the total number of VoIP-Pal patent infringement cases pending in the Western District of Texas, Waco Division to ten. Listed alphabetically they are:
- Amazon.com Inc. et al.; Civil Action No. 6:20-cv-272
- Amazon.com Inc. et al.; Civil Action No. 6:21-cv-669
- Facebook Inc. and WhatsApp Inc.; Civil Action No. 6:20-cv-267
- Facebook Inc. and WhatsApp Inc.; Civil Action No. 6:21-cv-665
- Google LLC; Civil Action No. 6:20-cv-269
- Google LLC; Civil Action No. 6:21-cv-668
- Huawei Technologies Co., Ltd.; 6:21-cv-1247
- Samsung Electronics Co., Ltd., Civil Action No. 6:21-cv-1246
- T-Mobile US et al.; Civil Action No. 6:21-cv-674
- Verizon Communications Inc. et al.; Civil Action No. 6:21-cv-672
The new defendants are two of the top smartphone makers in the world. Samsung is the world’s number one mobile phone maker and has a global market share of more than
VoIP-Pal CEO, Emil Malak said, “This has not been an easy road, but we are committed to move forward and are very appreciative of the support we receive from our shareholders. We will keep you informed of our progress as developments unfold. Patience is a virtue.”
About Voip-Pal.com Inc.
VoIP-Pal.com, Inc. (“VoIP-Pal”) is a publicly traded corporation (OTCQB: VPLM) headquartered in Waco, TX. The Company owns a portfolio of patents relating to Voice-over-Internet Protocol (“VoIP”) technology that it is currently looking to monetize.
Any forecast of future financial performance is a “forward looking statement” under securities laws. Such statements are included to allow potential investors the opportunity to understand management’s beliefs and opinions with respect to the future so that they may use such beliefs and opinions as one factor among many in evaluating an investment. While the Company believes in the circumstances that legal action is needed to monetize its patents, patent litigation involves various risks and uncertainties that could affect its ability to monetize the patents. We recognize that it is impossible to predict the specific outcomes of litigation.
Corporate Website: www.voip-pal.com
IR inquiries: IR@voip-pal.com
IR Contact: Rich Inza (954) 495-4600
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