Spherix Retains Leading Patent Licensing Team to Monetize Patent Portfolio
Acquired From Rockstar
TYSONS CORNER, VA -- (Marketwired) -- 08/15/13 -- Spherix
Incorporated (NASDAQ: SPEX) -- an intellectual property development
company today announced an update to its ongoing efforts to monetize
the Company's significant patent portfolio recently acquired from
Spherix has retained the law firm of Skiermont Puckett LLP to lead
the commercialization effort of the Company's patent portfolio. The
attorneys at Skiermont Puckett are nationally known trial attorneys
who specialize in litigating patent infringement and complex business
cases. Leading the team of lawyers representing Spherix will be the
firm's co-founder Paul Skiermont. Mr. Skiermont has represented both
plaintiffs and defendants, including representing patent holders
against some of the largest Fortune 500 companies.
With Skiermont Puckett's assistance, Spherix will actively pursue
commercialization efforts of its patent portfolio. Skiermont Puckett
is already drafting complaints against known infringers, as well as
working with Spherix to identify other potential infringers.
Spherix Interim CEO Harvey Kesner stated, "This retention of
Skiermont Puckett is yet another step in moving the Spherix portfolio
of patents closer to revenue producing assets. Skiermont Puckett is
an award winning law firm, with a distinguished roster of trial
attorneys. It was important to retain a law firm that specializes in
trial work to demonstrate our willingness to try cases if necessary
to protect our patent rights."
Spherix Incorporated 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 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.
Phone: (703) 992-9325
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