Voip-Pal Files $9.7 Billion Lawsuit to Protect its Pioneering Telecom Technology
In an Interview with CEOCFO Magazine, Voip-Pal Founder Emil Malak Explains how the Company Expects to bring Major Returns to Shareholders by Proving that Major Companies are Infringing on its Key Patents for Communicating over the Internet
Feb. 21, 2017 -- CEOCFO Magazine, an independent investment publication that highlights important technologies and companies, today announced an interview with Emil Malak, founder of Voip-Pal (VPLM), a Vancouver, B.C.-based company that has invented pioneering technology used by many of the world's largest telecommunication and social networking companies.
As Malak told CEOCFO's Bud Wayne, companies like Apple, Verizon, AT&T and Twitter that are using the technology have been approached by Voip-Pal to license or acquire the patents, but have failed to obtain license(s) for the Voip-Pal's patents. As a result, "We had no choice but to launch legal actions against Apple, Verizon, AT&T, and Twitter in order to protect our intellectual property and the interests of our shareholders," Malak said.
As Malak explained in the interview, Voip-Pal's technology (then Digifonica) was conceived, and design work begun, in 2004. "We had the vision that within ten years, the internet would become the primary means for telecommunications," Malak said.
It was a revolutionary idea at the time, before the iPhone, when most people were making calls using landline-based phones or cell phones, with information traveling over phone lines and cellular networks. Showing great foresight, Malak and his team realized that, in the future, calls, media and messages would be primarily routed using the Internet, with a seamless transfer to cell phones, landlines, or computers wherever necessary.
The technology that would enable this massive integration of modern and legacy systems would not only make decisions about how and where to route calls and messages, but also have the capacity to bill the appropriate providers, as part of the path of each call or message might utilize multiple technologies carried by dissimilar networks. "Our routing system enables such integration to work seamlessly and also provides a solution to internet billing and metering," explained Malak.
Now, "After spending over 12 years in developing and testing, and more than seven years obtaining the related patents, Voip Pal is ready to license or offer for sale its patented technologies," said Malak.
The technology is already in widespread use by major telecom and social media companies, which are infringing on the patents. "We believe that we have hundreds of millions of indirect subscribers that are presently using our patented technologies, which are deployed everywhere," said Malak.
The company has filed $9.7 billion in lawsuits against Apple, Verizon, AT&T and Twitter, with more lawsuits planned. Given the strength of the patents and the power of the technology, Malak fully expects that Voip-Pal will prevail, and that the infringing entities will license or acquire the technology, bringing major returns to Voip-Pal's shareholders.
Editorial Executive, CEOCFO Magazine
SOURCE: CEOCFO Magazine