NEW YORK, Feb. 21, 2017 /PRNewswire/ -- Spherix
Incorporated (Nasdaq: SPEX) an intellectual property
development company committed to the fostering of technology and
monetization of intellectual property, today announced that it has
signed up a new client to its Patent Monetization and Consulting
subsidiary.
Spherix has entered into an IP Consulting Services Agreement
with Numedeon and VWIP Inc. Numedeon Inc. is a privately held
company based in Pasadena,
California, that since 1999 has been developing immersive
online digital learning technology. Best known for creating the
children's educational web site "Whyville"(www.whyville.net), now
with 8MM registered users, Numedeon has also developed a number of
other immersive online learning environments for other demographics
and purposes. Numedeon was founded by Dr. James M. Bower and several of his students and
colleagues at the California Institute of
Technology. Whyville was launched in 1999 on the patent
protected Numedeon Interactive Community Engine (NICEtm)
platform as the first social game-based educational Internet
site. Numedeon has partnered with more than 150 public and
private institutions to build technology that engages children in
learning about a broad range of topics, including science,
business, art and geography. Whyville's average user is aged 13 and
78% of its users are female. In January 2015, Numedeon establish Virtual Worlds
IP Inc. ("VWIP") as a subsidiary company specifically to manage and
monetize Numedeon's accumulated intellectual property including a
foundational patent relating to networked computer systems to
engage users in immersive online communities. VWIP was
organized to build joint business ventures addressing the wide
range of verticals using the social gaming and learning
capabilities of the NICEtm Engine as a base.
Dr. Bower, founder, Chairman of the Board, and CEO of Numedeon
and VWIP stated, "We have believed since we began working on social
and game based learning at Caltech in the mid 1980's, that joint
business ventures built on Internet enabled technology platforms
would be the future of digital business structure. We are
excited to work with Spherix in exploring how the intellectual
property we have patiently built over more than 3 decades may allow
us to further apply our technology to an ever wider range of market
opportunities."
Anthony Hayes, Chief Executive
Officer of Spherix, stated, "The online, or E-Learning, sector has
been experiencing explosive growth. To put this into
perspective, consider that in 2011, about $35.6 billion was spent on self-paced e-learning
worldwide. In 2014, e-learning was a $56.2
billion industry, and that number hit $107 billion in 2015, according to an article in
Inc. by John Nemo (The
$107 Billion Industry That Nobody's
Talking About). This is a very exciting space and we are
pleased to be working with recognized pioneers in this field and
the intellectual property on which Numedeon and WWIP's success has
been based. We look forward to investigating their portfolio
and helping them achieve value."
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.
About Numedeon Inc.
Numedeon Inc, a California-based C corporation was founded in
1999, with a mission to broadly transform learning using digital
technology. Focused initially on children aged 10-14,
Numedeon has gone on to apply its technology to a much wider range
of demographics including Medicare patients.
About Virtual Worlds IP Inc. (VWIP)
VWIP was established by Numedeon Inc in 2015 as a Delaware-based C-Corporation, as itself
an innovative effort to develop and monetize software and
Internet-based IP. VWIP is organized to further develop,
protect and monetize Numedeon's core IP, principally through the
development of new joint business ventures. In 2016, VWIP
launched its first company, Fundamental Leaning Inc. which will in
turn be launching its first class-room based learning product,
PlayMath, in the first quarter of 2017.
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. We are a small
company with limited financial resources and our scientific
background and abilities to implement a commercialization strategy
is subject to ever-changing market conditions and rapidly-advancing
technologies over which we have no control. While we believe that
these forward-looking statements are reasonable, market conditions
and competition in the marketplace is ever-changing and we have no
control over these influences. As a result, 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")
including, but not limited to, the Risk Factors relating to the
Company's patent business and other aspects of the Company's
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 Inquires:
Spherix Investor Relations
Phone: (212) 745-1373
Email:
investorrelations@spherix.com
Spherix Inc. Contact:
Phone: (703) 992-9325
Email: info@spherix.com
www.spherix.com
Numedeon / VWIP INC.
Phone (541) 499-7502
Email: info@numedeon.com
www.numedeon.com
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SOURCE Spherix Incorporated