BETHESDA, Md., Oct. 23, 2014 /PRNewswire/ -- Spherix
Incorporated (NASDAQ: SPEX) -- an intellectual property
development company committed to the fostering and monetization of
intellectual property, today provided a litigation update.
Spherix v. VTech, Case No. 3:13-cv-03494-M and Spherix
v. Uniden, Case No. 3:13-cv-03496-M, both in the United States
District Court for the Northern District of Texas:
The Court has scheduled a Technology Tutorial for October 27, 2014. In general terms, the
Technology Tutorial is a non-evidentiary presentation prepared for
the educational benefit of the Court, often to assist with
technical issues related to the Markman hearing. At
the request of the Court, the parties have agreed to the
appointment of a Technical Advisor to assist the Court with the
technical issues. The Court has also reset the Markman
hearing to November 21, 2014.
Spherix Incorporated v. Verizon Services Corp. et al.,
Case No. 1:14-cv-00721-GBL-TCB, in the United States District Court
for the Eastern District of Virginia:
As previously noted, the Verizon case is moving quickly.
Additional milestones and associated dates leading up to the
Markman hearing, which is scheduled for March 16, 2015 are:
- 10/24/2014 Exchange proposed
claim constructions
- 12/22/2014 Exchange evidence to
support Markman positions
- 01/09/2015 Opening Markman
and Summary Judgment briefs
- 03/16/2015 Markman
Hearing
Anthony Hayes, Chief Executive
Officer of Spherix, stated, "The Verizon case, which focuses on a
broad spectrum of technologies relating to data communications, is
moving swiftly and we look forward to a speedy resolution. We
also believe the Technology Tutorial in the VTech & Uniden
cases is a significant step towards the resolution of those
cases. We note that all dates are subject to change without
notice. Litigation is fluid, but we will continue to do our
best to keep our shareholders informed."
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. 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: Hayden
IR
Brett
Mass, Managing Partner
Phone: (646) 536-7331
Email: brett@haydenir.com
www.haydenir.com
Spherix:
Phone: (703) 992-9325
Email: info@spherix.com
www.spherix.com
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SOURCE Spherix Incorporated