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Thursday, June 1, 2023

Voip-Pal.Com (OTCQB: VPLM) Rising Fast After Potential Settlement Reached with Amazon in Patent Infringement Lawsuit in Waco Texas

Voip-Pal.Com (OTCQB: VPLM) is rocketing up the charts after news (court filing) coming out of Texas suggests VPLM and Amazon have settled the patent infringement lawsuit in Waco. According to the update: “Plaintiff VoIP-Pal.com, Inc. and Defendants Amazon.com, Inc., Amazon Web Services, Inc. jointly move the Court to stay the proceeding and all deadlines for (45) days. The Parties have reached an agreement in principle to resolve all issues in this case.” VPLM recently won an important motion on the venue to keep it in Waco as Waco, (also the headquarters of VPLM) is known to be the most patent-owner friendly court in the US.  

VPLM’s lawsuit against Amazon concerns U.S. Patent No. 9,537,762, U.S. Patent No. 9,813,330, U.S. Patent No. 9,826,002, and U.S. Patent No. 9,948,549. The same patents were recently asserted against Apple, Inc. too. According to the lawsuit VPLM accused Amazon’s Alexa® calling and messaging services, which work with Amazon communication devices including Echo® devices, and certain Alexa-enabled Amazon Fire®, Android® and Apple iOS® devices of using Voip-Pal’s patented technologies to direct voice/video calls and voice messages to both Amazon subscribers and non-subscribers. We will be updating on VPLM when more details emerge so make sure you are subscribed to newsytrends.com by entering your email below.

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The settlement could be in the hundreds of millions if not more and comes just weeks after a Waco, Texas Jury awarded Netlist $303 million in damages from Samsung. The conclusion of Netlist’s 16-month-long case against Samsung came with Chief Judge Rodney Gilstrap reading the jury’s unanimous verdict confirming that all five Netlist patents had been infringed by Samsung, that none of Netlist’s five patents were invalid, that Samsung willfully infringed those patents.  The amount of damages awarded by the jury covers infringement by Samsung through March 2023. Treble damages could bring the sum to over $1 billion. 

VPLM is already being compared to NLST which ran from pennies to $10 in 2021 and currently trades at $4.50 per share. VPLM has a vast and very valuable intellectual property portfolio of patents currently being used by the biggest names in technology. All of these companies seek to grow their businesses by offering increasingly integrated Internet communications services, including simple-to-use telecom and mobile payments. Only Voip-Pal can make this possible. The best description of this patents can be found in the Company’s recent 10k. Voip-Pal’s suite of patents offers a major change in the way communication traffic is managed across the Internet and telephone networks.   

VPLM has a has a storied history on the OTCQB running from current levels to $0.45 per share in December 2018. Now as the Company continues to win in court in its patent infringement lawsuits against Samsung, Amazon, Verizon, Google and T-Mobile the stock is once again in play and this time investors are looking for a move to previous highs and a breakout northbound from there. To date VoIP-Pal.com has successfully defeated 20 IPR challenges against 8 of its patents by Amazon, T-Mobile, Google, Apple, AT&T and Unified Patents.   

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Voip-Pal.Com headquartered in Waco, Texas is OTCQB with audited financial statements. The Company owns a portfolio of patents relating to Voice-over-Internet Protocol (“VoIP”) technology that it is currently looking to monetize. VPLM is also a global leader in cost-efficient technology that enables high-volume text, voice and digital multi-media communications. The Company opens locked doors across many social and enterprise applications, allowing all “callers” to message each other, regardless of platform.  VPLM brings people together through the internet, WiFi, and phone networks with a simple mission: to Connect the World.  As of 2019 the Company owned at least 27 patents. 

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In 2013, Voip-Pal acquired Digifonica to fund and co-develop Digifonica’s patent suite. Digifonica had been founded in 2003 with the vision that the internet would be the future of all forms of telecommunications – a team of twenty top engineers with expertise in Linux and Internet telephony developed and wrote a software suite with applications that provided solutions for several core areas of internet connectivity.  

VPLM is led by CEO Emil Malak its founder and also the controlling shareholder of Voip-Pal stock. He was a co-founder of Digifonica in 2003 and oversaw the development of the patents which were acquired by Voip-Pal in 2013. Others on the executive management team include Kevin Williams, a top-level financial consultant, Dr. Ryan Thomas, the Companys inhouse council, Dennis Chang among the most influential people in the microcomputer industry, D. Barry Lee. a wall street professional, Dr. Roland Franke, a scientific research leader, Dr. Pentti Huttunen, an engineer and a co-inventor on several Digifonica patents, and Dr. Alex Krapyvny, an engineer and one of the founders of Digifonica. We will be updating on VPLM when more details emerge so make sure you are subscribed to newsytrends.com by entering your email below. 

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Disclosure: we hold no position in VPLM either long or short and we have not been compensated for this article.

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