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Spherix Calls Upon Charter Communications to Enter Into Licensing Negotiations



Spherix Calls Upon Charter Communications to Enter Into Licensing Negotiations

PR Newswire

TYSONS CORNER, Va., Jan. 17, 2014

TYSONS CORNER, Va., Jan. 17, 2014 /PRNewswire/ -- Spherix
Incorporated (SPEX) -- an intellectual property development company committed
to the fostering and monetization of intellectual property, announced today
that it is calling upon Charter Communications Inc. to enter into licensing
negotiations regarding certain patents owned by Spherix.

(Logo:  http://photos.prnewswire.com/prnh/20131104/PH08853LOGO )

On January 17, 2014 Spherix was informed that Charter Communications and
certain of its subsidiaries have asked a district court in Delaware to order
that certain patents owned by Spherix and Rockstar Consortium be licensed to
Charter or declared that Charter doesn't infringe on the Intellectual Property
owned by Spherix and Rockstar.  Charter goes on to say that  "Rockstar, for
itself and on behalf of Bockstar, Constellation, and Spherix, has
nevertheless, refused to enter into negotiations with Plaintiffs or their
vendors with respect to such patents unless Plaintiffs execute non-disclosure
agreements that are designed to defeat Defendants' obligations to license
these patents on fair, reasonable and non-discriminatory terms."

Spherix CEO, Anthony Hayes stated "Spherix has never turned down licensing
negotiations with Charter or any of its subsidiaries and we call upon Charter
to enter into licensing negotiations immediately.  Furthermore we find
Charter's action without merit and misleading as Spherix has not filed suit
against Charter or its subsidiaries and has never turned down a fair licensing
fee."

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:
Investor Relations
Phone: (703) 992-9325
Email: info@spherix.com

Or:

RedChip Companies Inc.
1-800-REDCHIP (733-2447)

 

SOURCE Spherix Incorporated

Website: http://www.spherix.com
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