TYSONS CORNER, Va.,
April 16, 2014 /PRNewswire/ --
Spherix Incorporated (SPEX) -- an intellectual property development
company committed to the fostering and monetization of intellectual
property, today announced that it has retained Hayden IR, a
respected national investor relations firm, to raise the visibility
of Spherix and strengthen its relationships with the investment
community.
"During the last six months, Spherix has acquired a highly
valuable collection of intellectual property, including several
patents which are considered 'Standard Essential Patents' to the
Institute of Electrical and Electronics Engineers ("IEEE") related
to the movement of data packets on a Virtual Local Area Network,"
commented Anthony Hayes, Chief
Executive Officer of Spherix Incorporated. "In addition, we have
assembled a proven management team and commenced efforts to
monetize this intellectual property. We believe it is an ideal time
in our Company's evolution to retain a national investor relations
firm to help us target and expand our investor audience and ensure
we are communicating effectively with the investment community. We
look forward to working with the team of professionals at Hayden IR
to execute this important goal."
With offices in New York,
Phoenix, Minneapolis and Seattle, Hayden IR provides a comprehensive
range of investor relations services to a growing list of clients.
For more than a decade, Hayden IR has been a recognized leader in
driving market recognition and creating sustainable competitive
advantages for more than 2100 micro- and small-cap companies.
Hayden delivers expertise and professionalism in such areas as
investor management, relationship building, awareness campaigns,
and corporate communications.
"Spherix is unique in this industry, and has assembled a diverse
portfolio of valuable, technology rich intellectual property with
multiple avenues for monetization," commented Peter Seltzberg, Regional Vice President of
Hayden IR. "Because several of these patents have been asserted as
Standard Essential, and because they impact a large number of
established and emerging technology companies, we believe this
portfolio is highly valuable. Revenue streams related to this
intellectual property includes licensing the patents for cash or
equity, or lawsuits to recover damages. Already, Spherix has
commenced patent litigation against Cisco Incorporated, VTech,
Uniden, T-Mobile and AT&T. Hayden IR looks forward to
bringing this unique opportunity to the professional investment
community, and helping the proven management team at Spherix
communicate the company's progress in the coming months."
Spherix's portfolio of 101 patents and patent applications were
initially developed by Nortel Communications, and subsequently
acquired by Rockstar Patent Consortium, a consortium of leading
technology companies, formed in 2011 to purchase the Nortel
bankruptcy patents at auction for $4.5
billion. Rockstar sold a subset of these patents to Spherix
during 2013. In February 2014,
Spherix was notified that an additional patent application had been
issued.
About Spherix
Spherix Incorporated was launched in
1967 as a scientific research company. Spherix is committed to
advancing innovation by active participation in the patent market.
Spherix draws on portfolios of pioneering technology patents to
partner with and support product innovation.
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,
including the Prospectus filed under Rule 424B3 filed February 19, 2014 with the SEC. 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:
Investor Relations
Phone: (703)
992-9325
Email: info@spherix.com
Hayden IR
Peter
Seltzberg, Vice President
Phone: (646)
415-8972
Email: peter@haydenir.com
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SOURCE Spherix Incorporated