VOIP Pal.com, Inc. (OTCQB: VPLM) operates as a voice-over-internet-protocol service provider. Shares of the VOIP service provider are surging 92.86% on Tuesday, November 21, 2017. Over the past month, VOIP Pal.com, Inc. has seen average daily volume of 401,530 shares. However, volume of 10.72 million shares or dollar volume of $1.45 million, has already exchanged hands on the day.
Shares of VOIP Pal.com, Inc. jumped on Tuesday, after the company announced that it has received a decision from the U.S. patent office regarding the patent trial and the seven IPR’s filed by Apple, Inc. (NASDAQ: AAPL) and AT&T, Inc. (NYSE: T). The patent office ruled that the company’s patentability of all challenged claims. Here is the full press release detailing of the ruling:
VOIP Pal.com, Inc. Press Release:
BELLEVUE, Wash., Nov. 21, 2017 (GLOBE NEWSWIRE) — VOIP Pal.com, Inc. (“Voip-Pal”, “Company”) (OTCQB:VPLM) is pleased to announce that final decisions in the two Apple IPRs, IPR2016-01201 and IPR2016-01198, have confirmed the patentability of all challenged claims. Additionally, institution has been denied in the three AT&T IPR petitions, IPR2017-01382, IPR2017-01383, and IPR2017-01384, and the two Apple follow-on petitions IPR2017-01398 and IPR2017-01399. These decisions from the Patent Trial and Appeal Board will be posted on the Company’s website www.voip-pal.com.
Emil Malak, CEO of VOIP Pal.com, Inc., stated, “This has been an extremely difficult 18-month long ordeal for our Company while we have been working diligently to successfully defend our patents against eight IPR petitions. We are fortunate to have the best technical and legal teams supporting us during this process. We are also extremely grateful to be represented by the best intellectual property attorneys, Knobbe Martens, who have stuck with us every step of the way for nearly eight years. We appreciate the support of our loyal shareholders during this difficult process.”
“Our strategy remains to pursue an amicable settlement in order to achieve monetization of our patent portfolio; we will keep everyone informed of our progress.”
“We would also like to wish our shareholders a very happy and healthy Thanksgiving.”
About VOIP Pal.com, Inc.
Voip-Pal.Com, Inc. (“Voip-Pal”) is a publicly traded corporation (OTCQB: VPLM) headquartered in Bellevue, Washington. The Company owns a portfolio of patents relating to Voice-over-Internet Protocol (“VoIP”) technology that it is currently looking to monetize.