BETHESDA, Md., Jan. 12, 2015 /PRNewswire/ -- Spherix
Incorporated (Nasdaq: SPEX) -- an intellectual property
development company committed to the fostering and monetization of
intellectual property, today provided an update regarding
Spherix v. Verizon, Case No. 1:14-cv-721-GBL-TCB in the
United States District Court for the Eastern District of
Virginia.
A trial date for the Company's case against Verizon has been set
for May 18, 2015, while the Markman
hearing remains scheduled for March 16,
2015.
Spherix continues to engage defendants the company believes are
infringing on its Intellectual Property. Spherix looks forward to
presenting its case and continues to evaluate further claims
against other infringers.
Anthony Hayes, Chief Executive
Officer of Spherix, stated, "The Verizon case continues to move
quickly. We are encouraged by the progress in the Verizon case and
continue to work to find a speedy and equitable resolution. Spherix
has built a diversified platform for unlocking shareholder value
that includes several, independent cases involving various aspects
of our technology. As with all our cases, we remain committed to
updating shareholders as developments occur."
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:
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Investor
Relations:
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Hayden IR
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Brett Mass, Managing
Partner
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Phone: (646)
536-7331
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Email:
brett@haydenir.com
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www.haydenir.com
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Spherix:
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Phone: (703)
992-9325
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Email:
info@spherix.com
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www.spherix.com
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SOURCE Spherix Incorporated