From the Wires
Unwired Planet Completes Patent Transaction; To Hold Investor Day
By: Business Wire
Feb. 19, 2013 04:04 PM
Unwired Planet, Inc. (NASDAQ: UPIP) ("Unwired Planet" or the "Company"), the inventor of the mobile Internet, today announced that the Company will hold an analyst day from noon to 2:30 pm Eastern Time on March 12 at the Ritz Carlton in New York. This invitation-only event is for financial analysts and institutional investors. For other interested parties, the Unwired Planet Financial Analyst Day will be available as a live webcast.
Following the completion of its patent purchase from Ericsson (NASDAQ:ERIC), Unwired Planet’s patent portfolio now includes over 2,400 patent assets focused exclusively on mobile technologies. This broad “pure mobile” intellectual property portfolio reflects decades and billions invested in research and development. With the construction of this unrivalled patent portfolio complete, Unwired Planet will now execute a global strategy as a long-term industry platform for the realization of intellectual property value across 2G, 3G and 4G technologies, as well as cloud-based mobile applications and services.
“The Ericsson transaction was a significant step for Unwired Planet and cements the company as the premier intellectual property company focused on the mobile industry,” said Mike Mulica, Chief Executive Officer of Unwired Planet. “We look forward to working with this unrivalled mobile patent portfolio which reflects decades of research, development and invention. As we look ahead, we are confident that we have arrived at our strategic destination and are now well poised to execute on our international licensing program. We are eager to share more details on the expanded patent portfolio and our strategies at the Investor and Financial Analyst Day.”
The live webcast of the Unwired Planet Investor and Financial Analyst Day will be available from noon to 2:30 p.m. Eastern Time at http://www.unwiredplanet.com/investors/. A replay of the webcast can be accessed approximately 24 hours after the conclusion of the live event and will be available for 90 days after the conference.
About Unwired Planet
Unwired Planet, Inc. (NASDAQ: UPIP) is the inventor of the Mobile Internet and a premier intellectual property company focused exclusively on the mobile industry. The company’s patent portfolio of more than 2,400 issued US and foreign patents include the technologies that allow mobile devices to connect to the Internet and enable mobile communications. The portfolio spans 2G, 3G and 4G technologies, as well as cloud-based mobile applications and services. Unwired Planet's portfolio includes patents related to key mobile technologies, including baseband mobile communications, mobile browsers, mobile advertising, push technology, maps and location based services, mobile application stores, social networking, mobile gaming and mobile search. Unwired Planet is headquartered in Reno, Nevada.
Safe Harbor for Forward-Looking Statements
This release contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact contained in this 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 the company’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 ability of Unwired Planet to realize anticipated results of its strategy, the ability of Unwired Planet to deliver and capitalize on the opportunities of its strategy, the ability of Unwired Planet to execute its strategy as well as those risk factors discussed in filings with the U.S. Securities and Exchange Commission, 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 or amendments thereto. The Company 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 release.
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