Breaking News

IBM No Longer Sees Delivering 'at Least $20 Operating EPS' in 2015
Tweet TWEET

United States Patent & Trademark Office Issues First New Notice of Allowance to Spherix on Rockstar Data Network Patent

 United States Patent & Trademark Office Issues First New Notice of Allowance
   to Spherix on Rockstar Data Network Patent Application Since Closing of
                          Acquisition from Rockstar

PR Newswire

TYSONS CORNER, Va., Feb. 20, 2014

TYSONS CORNER, Va., Feb. 20, 2014 /PRNewswire/ -- Spherix Incorporated
(NASDAQ:SPEX) -- an intellectual property development company committed to the
fostering and monetization of intellectual property, today announced that a
"Notice of Allowance and Fees Due" was issued by the USPTO for an important
new data network patent. Spherix acquired the patent application from Rockstar
Consortium, which holds a multitude of patents obtained from the bankruptcy of
Nortel and is owned by Apple, Microsoft, Sony, Ericsson and Blackberry.

Spherix Logo.

The patent application covers a method for supporting existing data network
infrastructure related to the transmittal of data from several nodes. The
issuance of the application further enhances the existing portfolio and
coverage of technology related to how data moves across a network.

CEO Anthony Hayes stated, "With the issuance of this Notification by the
USPTO, we further expanded our portfolio of valuable assets acquired from
Rockstar. This demonstrates that we are continuing to strengthen our
monetization opportunities enhancing Spherix's position to pursue licensing
opportunities."

About Spherix

Spherix Incorporated was launched in 1967 as a scientific research company.
Spherix is committed to advancing innovation by active participation inthe
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)

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

SOURCE Spherix Incorporated

Website: http://www.spherix.com
 
Press spacebar to pause and continue. Press esc to stop.