Unwired Planet Is Moving to Reno, Nevada
"Nevada is a business-friendly, cost-effective and convenient location from which to run our intellectual property business," said Mike Mulica, CEO of Unwired Planet. "This move represents another step in the transformation of Unwired Planet into an intellectual property company that focuses on licensing its robust portfolio of patents that represent almost two decades of investment and are foundational to mobility."
Unwired Planet's intellectual property business unit began its move to Reno last week. The company has signed a lease for space at 226 California Avenue in Reno, while new, larger offices are being built out on nearby Virginia Avenue. The remainder of the corporate headquarters will transition to Reno by June 2013, on or before its lease expires in California.
Since its founding in 1994, Unwired Planet has invented and patented technologies foundational to today's mobile communications. The company has been awarded approximately 200 U.S. and foreign patents and has approximately 75 pending applications. This IP encompasses some of the basic technologies that have enabled the deployment of mobile Internet browsing, the creation of the first technology that enabled photo messaging, and the launch of the world's first Wireless Access Protocol (WAP), among many other innovations.
About Unwired Planet
Unwired Planet, Inc. (NAS: UPIP) is the inventor of the mobile Internet. Unwired Planet established many of the foundational patents that allow mobile devices to connect to the Internet. Over the years, the company has amassed a patent portfolio of approximately 200 issued US and foreign patents and approximately 75 pending applications, many of which are considered foundational to mobile communications, and span smart devices, cloud technologies and unified messaging.
Cautionary Language Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements regarding Unwired Planet's expectations regarding its future plans and strategic direction. All statements other than statements of historical fact contained in this press release are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only current predictions and are subject to known and unknown risks, uncertainties and other factors that may cause Unwired Planet's actual results, levels of activity, performance or achievements to be materially different from those anticipated by the forward-looking statements. These forward-looking statements are subject to a number of risks, including the ability of Unwired Planet to realize anticipated results of its strategy, the ability of Unwired Planet to implement and execute its plan and strategy as well as those risk factors discussed in filings with the U.S. Securities and Exchange Commission ("SEC"), including but not limited to the Company's Annual Report on Form 10-K filed on September 7, 2012, and any subsequently filed reports on Forms 10-Q and 8-K. Unwired Planet undertakes no duty to update or revise any of the forward-looking statements, whether as a result of new information, future events or otherwise, after the date of this press release.
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