NEW YORK,
Aug. 17, 2016 /PRNewswire/
-- Spherix Incorporated (Nasdaq: SPEX) an intellectual
property development company committed to the fostering and
monetization of intellectual property and the advancement of
technology, today announced that Equitable IP Holdings LLC
("Equitable" or the "Equitable IP Program"), has filed two
additional patent infringement lawsuits on the patents Spherix
acquired from Rockstar.
In addition to the three new suits filed by Equitable that
were announced on August
16th, Spherix is announcing that Equitable
subsequently filed two additional cases in the United States
District Court for the District of Delaware against:
- Sprint Corporation and Clearwire Corporation; case
number: 1:16-cv-00719
- ATN International, Comnet Wireless and Choice
Communications; case number: 1:16-cv-00718
The combined market capitalization of the defendants named
in the complaints is in excess of $25
billion. The infringement claims relate to U.S. Patent No.
RE40,999 ("the '999 patent"), entitled "VLAN Frame Format". The
'999 patent is necessary to the practice of an Institute of
Electrical and Electronics Engineers ("IEEE") networking standard
that supports virtual local area networks (VLANs) on an Ethernet
network.
As stated in prior releases, both Equitable and Spherix
feel strongly about the opportunity to monetize the value of the
patents under the Equitable IP Program. These latest filings bring
the total number of infringement cases under this program to six
(6) and are a testament to the Companies' accelerated effort to
achieve a formidable stream of licensing revenues from these
valuable patents.
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