NEW YORK, Aug. 18, 2016 /PRNewswire/ Spherix
Incorporated (Nasdaq: SPEX) an intellectual property
development company committed to the fostering of technology and
monetization of intellectual property, today announced that
Equitable IP Holdings LLC ("Equitable" or the "Equitable IP
Program"), has filed another patent infringement lawsuit, bringing
the total of new suits on file to seven.
In addition to the lawsuits previously announced this week,
Spherix is announcing that Equitable filed another case in the
United States District Court for the District of Delaware against ViaSat, Inc., case number:
1:16-cv-00720-UNA. ViaSat is a global broadband services and
technology company with a market capitalization of more than
$1 billion.
As previously announced, and further manifested by today's
release, Equitable and Spherix are working diligently to monetize
these valuable assets and drive revenue for the Company.
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