NEW YORK, Nov. 8, 2017 /PRNewswire/ -- Spherix Incorporated
("Spherix" or the "Company") (NASDAQ: SPEX), a technology
development company committed to the fostering of innovative ideas,
today announced the sponsorship of the Shark Tank initiative
at the College of William & Mary in
Virginia. William & Mary is a
cutting-edge research university and is the second-oldest
institution of higher education in the
United States.
Based on the namesake of the popular television show that pits
upstart business ideas against a group of seasoned executives, the
Shark Tank Initiative gives William &
Mary student entrepreneurs the opportunity to present
solutions to real-world problems to a panel of experts. Past
entrepreneurial proposals included the use of Artificial
Intelligence in the Microfinance space and the use of Web Scraping
to track real time attitudes towards the US in foreign media. The
teams with the best pitches are eligible to win funding for their
ideas.
Anthony Hayes, the Chief
Executive Officer of Spherix stated, "The support and advancement
of innovative technologies is at the core of our Company's mission.
Our sponsorship seeks to help the next generation of technology
leaders, and gives us a warm introduction to young, energetic
entrepreneurs that are intent on creating the next generation of
disruptive technologies. Artificial Intelligence and
super-computing are exciting fields and we are extremely proud and
excited to lend our support."
About Spherix Incorporated
Spherix Incorporated was launched in 1967 as a scientific
research company. Spherix is committed to advancing innovation by
participation in the development of new technology.
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 Contact:
Hayden IR, LLC
Brett Mass
Phone: (646) 536-7331
Email: investorrelations@spherix.com
www.haydenir.com
Spherix Contact:
Phone: (703) 992-9325
Email: info@spherix.com
www.spherix.com
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SOURCE Spherix Incorporated