BETHESDA, Md., Feb. 4, 2016 /PRNewswire/ -- Spherix
Incorporated (Nasdaq: SPEX) -- an intellectual property
development company committed to the fostering and monetization of
intellectual property, today provided an update on the Company's
cases against VTech and Uniden in the Northern District of
Texas and announcing that those
litigations are moving forward.
The cases against VTech and Uniden have been stayed since
September 10, 2015, pending the
outcome of two Inter Partes Re-examination ("IPR")
proceedings that VTech and Uniden filed in the U.S. Patent
Office. The IPR was initiated on only certain claims of two
of the patents that Spherix has asserted ("asserted claims").
Other patents asserted against these defendants were not part of
the IPR and not impacted by the IPR decision.
On February 3, 2016, the Patent
Trial and Appeals Board ("PTAB") issued its final decisions in the
IPR proceedings, finding invalid a portion of the claims of U.S.
Patent No. 5,581,599 ("the '599 Patent") and all asserted claims of
U.S. Patent No. 6,614,899. Spherix may file a Notice of Appeal of
the PTAB's decision by April 6, 2016.
The deadline for VTech and Uniden to raise any other challenges to
the asserted claims in the PTAB has passed.
Following the PTAB's decision, three patents will remain
asserted in the district court litigations against VTech. They are
U.S. Patent Nos. 5,892,814; 6,965,614 ("the '614 Patent") and
portions the '599 Patent. The '614 Patent and the '599 Patent will
also remain asserted against Uniden. The parties must file a status
report with the District Court by February
15, 2016, so that the stay of the case may be lifted and
litigation may proceed.
Anthony Hayes, Chief Executive
Officer of Spherix, stated, "We are pleased to get our litigations
against VTech and Uniden back underway. With most of the
discovery already completed and a favorable Markman opinion by the
Court, we are confident in the merits of these cases. We
disagree with the PTAB's decision, but are eager to continue these
litigations unimpeded by any further IPR challenges."
About Spherix
Spherix is committed to advancing
innovation by active participation in all areas of the patent
market. Spherix draws on portfolios of pioneering technology
patents to partner with and support product innovation. Spherix has
acquired over 100 patents from Rockstar Consortium Inc., and
several hundred patents issued to Harris Corporation, covering a
variety of methods and components involved in switching, routing,
networking, optical and telecommunication sectors.
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