Spherix Initiates Suit Against Uniden for Continued Infringement of Intellectual Property -- Uniden Litigation Follows Spheri...
September 09 2013 - 6:00AM
Marketwired
Spherix Incorporated (NASDAQ: SPEX) ("Spherix" or the "Company") --
an intellectual property development company -- announced today
that it has filed a second suit on its cordless handset patents,
suing Uniden Corporation ("Uniden") for patent infringement in the
Northern District of Texas. The patents at issue in the litigation
were recently acquired from Rockstar Consortium US LP, the
successor to many important Nortel Networks ("Nortel") patent
assets and technology.
As stated in the complaint, Uniden is a Japanese company with
cordless phone manufacturing facilities in China and Vietnam. For
Uniden's fiscal year ending March 31, 2013, Uniden revenues from
cordless phones in the U.S. alone were approximately $100 million.
From 2007 to the present, Uniden's estimated U.S. revenue from
cordless phones believed to infringe one or more claims of one or
more of the Spherix patents exceeds $785 million. The lawsuit goes
on to note that Uniden has stated that one of its key business
goals is to "Dominate North American market with marketing
power."
The lawsuit filed by Spherix notes that Uniden's goal of
"dominance" follows the bankruptcy of Nortel, a North American
company, that developed and patented the technology underlying many
of the products on which Uniden's goal apparently relies.
Specifically, the complaint notes that competitive pressure from
China and other overseas locations as a contributing factor to
Nortel's unfortunate bankruptcy. The Nortel bankruptcy is estimated
to have resulted in more than 30,000 lost jobs in the U.S. and
Canada. The lawsuit comes on the heels of a similar action filed
against V-Tech Communications, Inc., a Chinese cordless phone
manufacturer with over $2.0 billion in U.S. cordless phone revenue.
Uniden, together with VTech, have approximately 75% of U.S.
cordless phone market share.
"Spherix is committed to protecting intellectual property
rights. When intellectual property rights are infringed by foreign
companies the damage that occurs extends beyond the cost of
inventiveness of innovative companies like Nortel, but hurts
employees and domestic industries," said Harvey Kesner, Interim
Chief Executive Officer of Spherix. "The patents we acquired from
Rockstar/Nortel are exceptional, having been cited before the USPTO
as a basis to reject pending patent claims 81 times. We are working
with the former Nortel employees and inventors who created this
technology to recover compensation for the inappropriate
infringement by cordless phone manufacturers."
About Spherix Spherix Incorporated was
launched in 1967 as a scientific research company. Spherix
presently offers a diversified commercialization platform for
protected technologies. Through association with Rockstar
Consortium and the acquisition of several hundred patents developed
by Hughes, Spherix intends to expand its activities in wireless
communications and telecommunication including antenna technology,
Wi-Fi, base station functionality, and cellular. No assurance can
be given that the Company's patents or efforts seeking to license
or enforce any patents will be successful, generate income or
result in profits for the Company.
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 the Company 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,
including without limitation those set forth in the Company's
filings with the Securities and Exchange Commission (the "SEC"),
not limited to Risk Factors relating to its patent business
contained therein. Thus, actual results could be materially
different. The Company 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: Spherix Incorporated Investor Relations
Phone: (703) 992-9325 Email: Email Contact
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