Spherix Initiates Lawsuit Under Cordless Handset Patents Against VTech Communications in the Northern District of Texas

Spherix Initiates Lawsuit Under Cordless Handset Patents Against VTech 
Communications in the Northern District of Texas 
TYSONS CORNER, VA -- (Marketwired) -- 09/03/13 --  Spherix
Incorporated (NASDAQ: SPEX) ("Spherix" or the "Company") -- an
intellectual property development company -- announced today that it
has filed suit against VTech Communications, Inc. ("VTech"), for
patent infringement in the Northern District of Texas. The patents at
issue in the litigation were recently acquired from Rockstar
Consortium US LP, the successor to many important Nortel Networks
("Nortel") patent assets and technology. 
The patents included in the suit cover many cordless telephones,
including patents dating to 1993. VTech claims to be the world's
largest cordless telephone producer, including the production of
phones for AT&T. VTech is reported to have over $2.6 billio
n of
revenues during the claimed infringement period. VTech cordless
phones are sold at Wal-Mart, Best Buy, Circuit City, Costco, Office
Depot, Staples, Target and other locations.  
The patents at issue were invented by former Nortel employees working
in the U.S. and Canada. VTech claims an 80% US market share and has
moved virtually all of its manufacturing to China.  
"This lawsuit represents the continuing evolution of Spherix as a
technology company focused on protecting intellectual property
rights." said Harvey Kesner, Interim Chief Executive Officer of
Spherix. "As referenced in the complaint, VTech's overall revenue for
North America has risen 20% since Nortel's bankruptcy filing in 2009.
According to our engineers and the prior Nortel engineers that we
relied on to review the products, many of VTech's own patents cite
our technology yet VTech has failed to recognize the important
patents on which its core products rely by seeking a license.
Instead, VTech has elected to disregard these patents entirely. We
intend to seek recompense for the significant investment made by
Nortel in developing these important inventions and intend to try
these cases to conclusion." 
About Spherix
 Spherix Incorporated was launched in 1967 as a
scientific research company. Spherix presently offers a diversified
commercialization platform for protected technologies. Through
association with Rockstar Consortium and the acquisition of several
hundred patents developed by Hughes, Spherix intends to expand its
activities in wireless communications and telecommunication including
antenna technology, Wi-Fi, base station functionality, and cellular.
No assurance can be given that the Company's patents or efforts
seeking to license or enforce any patents will be successful,
generate income or result in profits for the Company. 
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 Incorporated
Investor Relations 
Phone: (703) 992-9325
Email: info@spherix.com 
 
 
Press spacebar to pause and continue. Press esc to stop.