SOURCE: Prism Technologies Group, Inc.

November 02, 2015 06:30 ET

Prism Technologies Group, Inc. Receives Adverse Jury Verdict in Patent Infringement Suit Against T-Mobile

SACRAMENTO, CA--(Marketwired - Nov 2, 2015) - Prism Technologies Group, Inc. (NASDAQ: PRZM) ("Prism Group"), today announced that a jury found that T-Mobile USA, Inc. did not infringe the asserted claims of U.S. Patent Nos. 8,387,155 and 8,127,345. Prism Group is reviewing the decision and evaluating a potential appeal.

The suit against T-Mobile USA was the third of five patent infringement lawsuits filed by Prism Group's subsidiary, Prism Technologies, LLC ("Prism LLC"), against wireless carriers. As previously reported, in November 2014, Prism LLC settled on favorable terms with AT&T Wireless, and in June 2015 a jury awarded Prism LLC $30 million in damages in its case against Sprint Spectrum LP, d/b/a Sprint PCS. The remaining two suits are against United States Cellular Corporation and Cellco Partnership d/b/a Verizon Wireless.

About Prism Technologies Group, Inc.

Headquartered in Sacramento, CA, Prism Technologies Group, Inc. (NASDAQ: PRZM) is the parent company of Prism Technologies, LLC, a Nebraska limited liability company headquartered in Omaha, Nebraska.

Cautionary Statement Regarding Forward Looking Statements

This news release contains forward-looking statements, which include statements expressing the intent, belief or current expectations of Prism Technologies Group, Inc. (the "Company") that are subject to significant risks and uncertainties and are subject to change based on various factors, many of which are beyond our control. The words "may," "could," "should," "would," "believe," "anticipate," "estimate," "expect," "intend," "plan," "target," "goal," and similar expressions are intended to identify forward-looking statements. Actual results might differ materially from those stated or implied by such forward-looking statements due to risks and uncertainties associated with the Company's business, including, but not limited to, risks associated with the unpredictable nature of patent licensing and patent litigation. Unless legally required, the Company undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements should be considered in the context of these and other risk factors disclosed in the Company's Annual Report on Form 10-K and other filings with the Securities and Exchange Commission.