BETHESDA, Md., June 22, 2015 /PRNewswire/ -- Spherix
Incorporated (Nasdaq: SPEX) -- an intellectual property
development company committed to the fostering and monetization of
intellectual property, today announced that the United States
Patent & Trademark Office (USPTO) has notified the Company that
it will issue a new patent to Spherix that is part of a standard
essential family of patents.
The new patent will issue on June 30, 2015 as U.S.
Patent RE45,598 from U.S. Patent Application Serial
No.13/728,698.
The listed inventors of the new patent, entitled "VLAN Frame
Format," are Paul J. Frantz, et al.
The patent claims generally relate to methods for the transmission,
identification and association of information in a virtual network
associated with a data frame. The issuance of this
application further enhances the existing portfolio and coverage of
technology related to data communication across different networks.
This patent is part of the same family of standard-essential
patents currently being litigated against both Cisco and Verizon.
The technology underlying this patent is currently practiced by
network equipment and service providers industry-wide.
CEO Anthony Hayes stated, "The
issuance of this patent by the USPTO further increases our holdings
of standard essential patents while also strengthening our
intellectual property portfolio overall and enriching our
monetization opportunities. As we continue our efforts to monetize
our patents, management is simultaneously focused on expanding our
portfolio. We continue to create an exceptionally strong portfolio
of standard essential patents, as this is the 10th patent that has
issued as part of this family of standard-essential patents.
Possessing multiple patents broadens the scope of coverage of this
widely used essential technology and strengthens Spherix's patent
position, ultimately creating value for shareholders."
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