NEW YORK, Oct. 17, 2019 /PRNewswire/ -- Spherix
Incorporated (Nasdaq: SPEX) today announced that its stock has been
upgraded to a "buy" rating from a "hold" rating in a research note
issued to investors by ValuEngine Inc. (www.valuengine.com).
ValuEngine uses proprietary models to forecast and value individual
equities across a diverse set of industries.
Mr. Anthony Hayes, CEO of Spherix
stated, "We continue to work towards building value for our
shareholders by opportunistically deploying the Company's capital
across several undervalued assets where we can utilize our industry
knowledge and expertise to unlock meaningful returns."
About Spherix
Spherix Incorporated is a technology development company
committed to the fostering of innovative ideas. Spherix
Incorporated was formed in 1967 as a scientific research company.
Our activities generally include the acquisition and development of
technology through internal or external research and development.
In addition, we seek to acquire existing rights to intellectual
property through the acquisition of already issued patents and
pending patent applications, both in the
United States and abroad. We may alone, or in conjunction
with others, develop products and processes associated with
technology development and monetizing related intellectual
property.
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 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 Maas, 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:
212-745-1373
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Email:
investorrelations@spherix.com
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www.spherix.com
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SOURCE Spherix Incorporated