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Voip-Pal: A Potential Financial Winner in the Patent Legal Wars (OTCQB: VPLM)

Voip-Pal:  A Potential Financial Winner in the Patent Legal Wars

In an interview with Stock-Sector, ​Malak explains how Voip-Pal’s strong patents are expected to lead to settlements with major tech and telecom companies—bringing big returns to his shareholders

NEW YORK, NY – April 10, 2017 – ​ Stock-Sector.com​, ​ an online source of news about

promising medical, technology and energy companies, today released an interview with ​ Emil

Malak​ , CEO & Director of ​ Voip-Pal.com Inc​ (OTCQB: VPLM).

In the interview​, Malak described how his team developed and patented the key technology for routing phone calls and messages between the internet and legacy telephony and how Voip-Pal is now suing major tech and telecom companies for billions of dollars for infringing those patents. “We will win because we have the technology,” Malak told ​ Stock-Sector.  

 

Voip-Pal has already won an important battle. After suing Apple, AT&T, Verizon, and Twitter for $9.7 billion, plus punitive damages, Unified Patents petitioned the U.S. Patent Office to disqualify Malak’s patents. (​Unified Patents​ is a company set up by Silicon Valley companies as well as companies from other industries specifically to fight on their behalf against patent infringement lawsuits). Voip-Pal won. Now, Malak is waiting for the resolution of two similar petitions filed by Apple, which he also expects to win.  

 

The tech and telecom companies have accused Malak of being a patent ‘troll:’ someone who seeks out obscure patents in order to file dubious lawsuits against deep-pocketed companies.

“Don’t tell me I am a patent troll,” Malak told ​ Stock-Sector. “Voip-Pal is a patent inventor.”

The record bears this out. As Malak explained, he got the idea for routing telephone calls over the Internet from engineers who walked into his Vancouver, BC restaurant back in 2004. “I thought they were crazy at first,” he said. But he quickly realized that Internet telephony was the wave of the future, so he helped create, and raise $16 million for, a company, Digifonica, to develop the hardware and software for seamlessly transferring calls and messages from the Internet to landlines and cell networks. When Digifonica ran into financial difficulties in the 2008 recession,

Malak bought the company in 2011 for $1.00 assuming over one million dollars of liability and rolled it into Voip-Pal. He knew that the provisional patented technologies would eventually be allowed by the USPTO and would be enormously valuable.  

 

He was right. “Right now billions of subscribers are using our system,” Malak told ​ Stock-Sector. The major tech and telecom companies refused to talk with Voip-Pal about licensing the patents, forcing Malak to sue for patent infringement. “I’m not asking for 100% of the hundreds of billions they made using our technology,” he said. Instead, “I’m hopeful we can settle, and our shareholders will get a fair share.”

See the full video interview here: ​ https://youtu.be/-3Y65wT2uE4

Stock-Sector is an online source of news about promising medical, technology, and energy companies.  Stock-Sector was created out of necessity, to provide a glimpse of the financial markets in sectors relevant to the investor. We strive to deliver easily digestible content to the overburdened stockholder. Another significant focus of ours is to establish compelling media to heighten the experience in neglected humdrum industries.

 

The statements contained herein may include statements of future expectations and other forward-looking statements that are based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. In addition to statements which are forward-looking by reason of context, the words “may”, “will”, “should,” “expects,” “plans,” “intends,” “anticipates,” “believes,” “estimates,” “predicts,” “potential,” or “continue” and similar expressions identify forward-looking statements.

 

Actual results, performance or events may differ materially from those in such statements due to, without limitation, (i) general economic conditions, (ii) performance of financial markets, including emerging markets, and including market volatility, liquidity and credit events (iii) the frequency and severity of insured loss events, including from natural catastrophes and including the development of loss expenses, (iv) mortality and morbidity levels and trends, (v) persistency levels, (vi) the extent of credit defaults, (vii) interest rate levels, (viii) currency exchange rates including the Euro/U.S. Dollar exchange rate, (ix) changing levels of competition, (x) changes in laws and regulations, (xi) changes in the policies of central banks and/or foreign governments, (xii) the impact of acquisitions, including related integration issues, (xiii) reorganization measures, and (xiv) general competitive factors, in each case on a local, regional, national and/or global basis.

 

Contact:

 

Steven Michael King

Producer-Editor

Stock Sector

info@Stock-Sector.com

 

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