Fortune 500 Executive Joins Spherix as Vice President, Licensing

       Fortune 500 Executive Joins Spherix as Vice President, Licensing

Frank Reiner, seasoned licensing executive, is hired to further Spherix's
licensing campaign

PR Newswire

TYSONS CORNER, Va., March 17, 2014

TYSONS CORNER, Va., March 17, 2014 /PRNewswire/ -- Spherix
Incorporated(SPEX)--an intellectual property development company committed
to the fostering and monetization of intellectual property, announced today
that Frank Reiner, a seasoned and experienced patent licensing and
monetization professional, has joined Spherix as Vice President, Licensing,
where he will report to Chief Executive Anthony Hayes and play a key role in
the company's licensing efforts. Mr. Reiner most recently served as the Vice
President of Patent Licensing and Acquisition for Flextronics International
Ltd. (NASADQ:FLEX). Prior to Flextronics, he was a partner at Intellectual
Value Creation Services, LLC, where he advised the IP Investment Group at
Coller Capital on patent monetization, including patent acquisitions, sales
and licensing, each from a technical and business perspective.Earlier in his
career he served as the Senior Director of Licensing at InterDigital
Communications, LLC and was responsible for InterDigital's patent licensing
program in the cellular and wireless space.

Spherix Logo.

Anthony Hayes, CEO, stated, "We are extremely pleased that Frank has joined
the Spherix team at this very important time in the company's evolution. Frank
brings many years of experience and his skill set in the cellular and wireless
space compliments Spherix's portfolio of patents."

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)

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SOURCE Spherix Incorporated

Website: http://www.spherix.com
 
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