Voip-Pal.com, Inc. Discusses the Global Potential of its RBR Parent Patent
December 14, 2017 -- Voip-Pal.com Inc. (“Voip-Pal”, “Company”) (OTCQB: VPLM) provided commentary on the global potential of its Routing, Billing & Rating (RBR) parent patent, following the recent Notice of Allowance from the European Patent Office.
Voip-Pal believes their patent portfolio is fundamental to telecommunications providers. Owning or licensing Voip-Pal’s patents would provide protection to telecommunications and internet service providers and allow them to maintain and grow their subscriber bases while operating in a fully licensed, and compliant manner. The number of mobile phone users worldwide in 2017 is estimated to be 4.77 billion and expected to eclipse the 5 billion mark by 2019. At present, the Company’s patents cover a significant percentage of the industrialized world’s mobile phone usage.
Voip-Pal has received allowance, intention to grant/issuances of our RBR parent patent in the 28 European Union countries, United States and India.
Emil Malak, CEO of Voip-Pal, stated, “As the table illustrates the numbers are the numbers and they are extremely high. Our objective is to avoid litigation, and our number one preference is to find a buyer for the Company. We are due in Federal District Court in Nevada on January 26, 2018, where we will request lifting the stay of legal proceedings. My hope is litigation will be avoided, however; if we have to litigate we will be fully prepared.”
Mr. Malak also said, “As the largest shareholder in Voip-Pal, I would like to reiterate that after four years all of my shares remain restricted 144 shares, under a self-imposed lock up agreement. I have never removed the restriction and have no intention of doing so until we achieve monetization of our patents. Patience is a virtue.”