NEW YORK, Aug. 5, 2013 /PRNewswire/ -- North South
Holdings Inc. ("North South") -- an intellectual property
development company, today is announcing that one of its wholly
owned subsidiaries, Guidance IP LLC, filed a complaint against
T-Mobile USA, Inc. for patent
infringement.
The complaint is filed in the U.S. District Court for the Middle
District of Florida, the
residential jurisdiction for the corporate headquarters of Harris
Corporation, the original patent owner. This lawsuit claims
infringement by T-Mobile of United States Patent No. 5,719,584
entitled "System and Method for Determining the Geolocation of a
Transmitter" ("'584 Patent"). The technology relates to the
geolocation of cells phones on the T-Mobile cell phone
network. The original owner of patent '584 was the Harris
Corporation. North South purchased this patent along with
over 200 others from Harris in 2012. According to
public filings, T-Mobile provides service to approximately 34.0
million customers through its network.
Anthony Hayes, North South CEO,
stated, "This is the first complaint filed on the patents North
South acquired from Harris Corporation, but we anticipate
more. This is a valuable portfolio and we will continue to
demonstrate its worth as we move towards our merger with Spherix
Incorporated. (NASDAQ: SPEX). Use of North South's
intellectual property without a license is unjust and we are
committed to protecting the rights afforded North South under the
United States Constitution."
About North South Holdings Inc.
North South Holdings
Inc. was formed on November 9, 2012
to seek business opportunities in which to acquire patents from
various entities and monetize those patents through sales,
litigation or licensing. North South recently entered into an
agreement to be acquired by Spherix Incorporated (NASDAQ:
SPEX).
About Spherix Incorporated
Spherix Incorporated
(NASDAQ: SPEX) was launched in 1967 as a scientific research
company. Spherix presently offers a diversified commercialization
platform for protected technologies. The company continues to work
on life sciences and drug development and presently is exploring
opportunities in nutritional supplement products relying on its
D-Tagatose natural sweetener as a GRAS ingredient. Spherix is
committed to advancing innovation by active participation in all
areas of the patent market. Spherix draws on portfolios of
pioneering technology patents to partner with and support product
innovation. Through its recently announced acquisition of several
hundred patents issued to Harris Corporation Spherix intends to
expand its activities in wireless communications and
telecommunication sectors including antenna technology, Wi-Fi, base
station functionality, and cellular.
Forward Looking Statements
Certain statements in this
press release constitute "forward-looking statements" within the
meaning of the federal securities laws. Words such as "may,"
"might," "will," "should," "believe," "expect," "anticipate,"
"estimate," "continue," "predict," "forecast," "project," "plan,"
"intend" or similar expressions, or statements regarding intent,
belief, or current expectations, are forward-looking statements.
While North South believes these forward-looking statements are
reasonable, undue reliance should not be placed on any such
forward-looking statements, which are based on information
available to us on the date of this release. These forward looking
statements are based upon current estimates and assumptions and are
subject to various risks and uncertainties. Thus, actual results
could be materially different. North South expressly disclaims any
obligation to update or alter statements whether as a result of new
information, future events or otherwise, except as required by
law.
Contact Information:
Anthony Hayes, CEO
North South Holdings Inc.
110 Greene Street; Suite 403
New York, NY 10012
347-855-6146
anthony@northsouthholdings.com
www.northsouthholdings.com
SOURCE North South Holdings Inc.