[February 11, 2016] |
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Over $7 Billion in Lawsuits Filed by Voip-Pal.com Inc. vs Apple, Verizon and AT&T for Various Patent Infringements
Voip-Pal.com, Inc. ("Voip-Pal" or "Company") (OTC Pink: VPLM) announced
today that, on February 9, 2016, the Company filed suit against Apple (News - Alert),
Inc., in the United States District Court, District of Nevada case
number 2:16-CV-00260. On February 10, 2016, the Company filed suit
against Verizon (News - Alert) Wireless Services, LLC, Verizon Communications Inc.,
AT&T, Inc., and AT&T Corp. in the United States District Court, District
of Nevada, case number 2:16-cv-00271.
The complaints allege infringement by Apple, Verizon and AT&T (News - Alert) of various
claims of Voip-Pal's patents. In the complaints, the Company seeks
damages totaling over $7 billion.
Voip-Pal has spent 13 years and millions of dollars developing its
portfolio of technologies and related intellectual property. The Company
has taken legal action in order to protect its intellectual property and
the interests of its shareholders.
Highlights from a Q&A regarding the Company's legal action are included
below. Further information and the full Q&A regarding the Company's
legal action, can be viewed on the Company website at Voip-Pal
Q&A.
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Apple, Verizon and AT&T were regrettably unwilling to engage in
discussion of licensing the Company's intellectual property and
technology.
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Digifonica/Voip-Pal began designing its communications routing system
in 2004, at the beginning of the internet communications explosion. At
that time, the company had the vision that the Internet would one day
become the dominant form of telecommunications capable of business and
personal uses that would expand its impact and utility dramatically.
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Voip-Pal designed, built and tested super-nodes and nodes in Canada,
England, and Norway, spending more than $17 million on development and
execution in the process. The Company had at one point more than
twenty (20) engineers working on the software design and
implementation.
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Every day, billions of calls, messages and payments are made (using
existing applications, products and services) that utilize Voip-Pal's
patented technology. Further, given the current preferred method of
routing Internet-based communications, which classifies calls using
the Company's "caller attributes," the Company believes that its
patents are not limited solely to mobile devices.
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The Company has prepared royalty monetization analyses in order to
assess past damages. These analyses utilize a royalty rate of one and
one quarter percent (1.25%) of apportioned profits of infringing
devices and services, which is over 87% less than the weighted average
of analyzed court-awarded damages and settlement rates. The
royalty monetization for Apple, Verizon and AT&T at the conservative
1.25% royalty rate totals over $7.024 billion.
Voip-Pal Royalty Monetization Summary
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Company
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Royalty on Apportioned Profits
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Royalty Monetization
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Apple
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1.25%
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$2,836,710,031
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Verizon
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1.25%
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$2,382,872,100
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AT&T
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1.25%
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$1,804,795,745
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TOTAL
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$7,024,377,876
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About Voip-Pal.com Inc.
Voip-Pal.Com, Inc. ("Voip-Pal") is a publicly traded corporation (OTC
Pink: VPLM)
headquartered in Bellevue, Washington. The Company owns a portfolio of
patents relating to Voice-over-Internet Protocol ("VoIP") technology
that it is currently looking to monetize.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160211005439/en/
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