Spherix's Patent Litigation Against VTech and Uniden Both Assigned to Judge
Participating in the Federal Patent Pilot Program; Spherix Sees
Shorter Time to Resolution
TYSONS CORNER, VA -- (Marketwired) -- 09/16/13 -- Spherix
Incorporated (NASDAQ: SPEX) today announced that its patent
infringement litigations against both VTech and Uniden were assigned
to the same Federal District Judge and will both be part of the
Federal Patent Pilot Program established by Congress. Spherix
anticipates shorter time to trial due to these developments.
Under the Congressionally created Patent Pilot Program, fourteen U.S.
District Courts, including the Northern District of Texas where
Spherix filed lawsuits against VTech and Uniden, receive additional
federal resources designed to enhance the courts' expertise in
complex patent litigation and increase judicial efficiency in
handling patent cases. The Chief Judge for the Western District of
Pennsylvania and others have opined that the Patent Pilot Program
decreases disposition times for cases participating in the Program.
Both Spherix cases are now before the Honorable Barbara M.G. Lynn,
who is one of the judges participating in Program.
Spherix CEO Anthony Hayes stated, "Part of our decision on where to
file these cases included the goal of involvement in the Patent Pilot
Program. As opined by many, we believe the Program will speed the
time to trial. We are eager to get our case before a jury."
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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