NEW YORK, April 19, 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
acquired an economic interest in a new patent portfolio that is
largely unlicensed to any third party.
Spherix and its partner Equitable IP Corporation have acquired
an economic interest and the right to monetize a valuable portfolio
in the fiber optic technology space as part of their ongoing patent
monetization efforts. The newly acquired portfolio consists of
approximately 112 patents and is largely unlicensed.
Anthony Hayes, Chief Executive
Officer of Spherix, stated, "By working with Equitable IP
Corporation, we've expanded the number of Equitable's assets that
can be monetized to now over 400 patents. The addition of
these new patents to Equitable's portfolio increases our potential
revenue generation. This is part of our continued efforts to
increase value for our shareholders."
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:
Spherix:
Phone: (703) 992-9325
Email: info@spherix.com
www.spherix.com
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SOURCE Spherix Incorporated