North South Holdings sues T-Mobile for Infringement of Geolocation of Cell
NEW YORK, Aug. 5, 2013
NEW YORK, Aug. 5, 2013 /PRNewswire/ --North South Holdings Inc. ("North
South") -- an intellectual property development company, today is announcing
that one of its wholly owned subsidiaries, Guidance IP LLC, filed a complaint
against T-Mobile USA, Inc. for patent infringement.
The complaint is filed in the U.S. District Court for the Middle District of
Florida, the residential jurisdiction for the corporate headquarters of Harris
Corporation, the original patent owner. This lawsuit claims infringement by
T-Mobile of United States Patent No. 5,719,584 entitled "System and Method for
Determining the Geolocation of a Transmitter" ("'584 Patent"). The technology
relates to the geolocation of cells phones on the T-Mobile cell phone
network. The original owner of patent '584 was the Harris Corporation. North
South purchased this patent along with over 200 others from Harris in 2012.
According to public filings, T-Mobile provides service to approximately 34.0
million customers through its network.
Anthony Hayes, North South CEO, stated, "This is the first complaint filed on
the patents North South acquired from Harris Corporation, but we anticipate
more. This is a valuable portfolio and we will continue to demonstrate its
worth as we move towards our merger with Spherix Incorporated. (NASDAQ:
SPEX). Use of North South's intellectual property without a license is unjust
and we are committed to protecting the rights afforded North South under the
United States Constitution."
About North South Holdings Inc.
North South Holdings Inc. was formed on November 9, 2012 to seek business
opportunities in which to acquire patents from various entities and monetize
those patents through sales, litigation or licensing. North South recently
entered into an agreement to be acquired by Spherix Incorporated (NASDAQ:
About Spherix Incorporated
Spherix Incorporated (NASDAQ: SPEX) was launched in 1967 as a scientific
research company. Spherix presently offers a diversified commercialization
platform for protected technologies. The company continues to work on life
sciences and drug development and presently is exploring opportunities in
nutritional supplement products relying on its D-Tagatose natural sweetener as
a GRAS ingredient. Spherix is committed to advancing innovation by active
participation in all areas of the patent market. Spherix draws on portfolios
of pioneering technology patents to partner with and support product
innovation. Through its recently announced acquisition of several hundred
patents issued to Harris Corporation Spherix intends to expand its activities
in wireless communications and telecommunication sectors including antenna
technology, Wi-Fi, base station functionality, and cellular.
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 North South 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. Thus, actual results could be materially different.
North South 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.
Anthony Hayes, CEO
North South Holdings Inc.
110 Greene Street; Suite 403
New York, NY 10012
SOURCE North South Holdings Inc.
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