BETHESDA, Md., March 30, 2015 /PRNewswire/ -- Spherix
Incorporated (Nasdaq: SPEX) -- an intellectual property
development company committed to the fostering and monetization of
intellectual property, today provided an update
regarding Spherix v. VTech, Case No.
3:13-cv-03494-M and Spherix v. Uniden, Case No.
3:13-cv-03496-M, both in the United States District Court for the
Northern District of Texas and an
update regarding Spherix v. Verizon, Case No.
1:14-cv-00721-GBL-TCB, in the United States District Court for the
Eastern District of Virginia.
Concerning the company's cases against VTech and Uniden, on
March 19, 2015, the honorable
Barbara M. G. Lynn issued a 106-page
claim construction order, following the Markman Hearing which had
been held on November 21, 2014. The
court's order creates various discovery deadlines under the
scheduling order. Most notably, the order set deadlines for the
close of both fact and expert discovery.
Concerning the company's case against Verizon, the trial date
has been rescheduled from May 18,
2015 to August 10, 2015 at the
request of the Judge, who has rescheduled all trials for the month
of May.
Anthony Hayes, Chief Executive
Officer of Spherix, stated, "The detailed schedules for our cases
against VTech and Uniden have come into focus with the judge's
order. Our litigation against Verizon also continues to progress.
As with any litigation, dates are subject to change, but we remain
committed to updating shareholders on our monetization efforts.
Step by step, these cases are progressing forward and we continue
to pursue enforcement of our intellectual property rights
associated with our patent portfolio."
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