Spherix Engages Hayden IR to Launch Proactive Market Awareness and Investor Relations Program

 Spherix Engages Hayden IR to Launch Proactive Market Awareness and Investor
                              Relations Program

PR Newswire

TYSONS CORNER, Va., April 16, 2014

TYSONS CORNER, Va., April 16, 2014 /PRNewswire/ -- Spherix Incorporated (SPEX)
-- an intellectual property development company committed to the fostering and
monetization of intellectual property, today announced that it has retained
Hayden IR, a respected national investor relations firm, to raise the
visibility of Spherix and strengthen its relationships with the investment
community.

Spherix Logo.

"During the last six months, Spherix has acquired a highly valuable collection
of intellectual property, including several patents which are considered
'Standard Essential Patents' to the Institute of Electrical and Electronics
Engineers ("IEEE") related to the movement of data packets on a Virtual Local
Area Network," commented Anthony Hayes, Chief Executive Officer of Spherix
Incorporated. "In addition, we have assembled a proven management team and
commenced efforts to monetize this intellectual property. We believe it is an
ideal time in our Company's evolution to retain a national investor relations
firm to help us target and expand our investor audience and ensure we are
communicating effectively with the investment community. We look forward to
working with the team of professionals at Hayden IR to execute this important
goal."

With offices in New York, Phoenix, Minneapolis and Seattle, Hayden IR provides
a comprehensive range of investor relations services to a growing list of
clients. For more than a decade, Hayden IR has been a recognized leader in
driving market recognition and creating sustainable competitive advantages for
more than 2100 micro- and small-cap companies. Hayden delivers expertise and
professionalism in such areas as investor management, relationship building,
awareness campaigns, and corporate communications.

"Spherix is unique in this industry, and has assembled a diverse portfolio of
valuable, technology rich intellectual property with multiple avenues for
monetization," commented Peter Seltzberg, Regional Vice President of Hayden
IR. "Because several of these patents have been asserted as Standard
Essential, and because they impact a large number of established and emerging
technology companies, we believe this portfolio is highly valuable. Revenue
streams related to this intellectual property includes licensing the patents
for cash or equity, or lawsuits to recover damages. Already, Spherix has
commenced patent litigation against Cisco Incorporated, VTech, Uniden,
T-Mobile and AT&T. Hayden IR looks forward to bringing this unique
opportunity to the professional investment community, and helping the proven
management team at Spherix communicate the company's progress in the coming
months."

Spherix's portfolio of 101 patents and patent applications were initially
developed by Nortel Communications, and subsequently acquired by Rockstar
Patent Consortium, a consortium of leading technology companies, formed in
2011 to purchase the Nortel bankruptcy patents at auction for $4.5 billion.
Rockstar sold a subset of these patents to Spherix during 2013. In February
2014, Spherix was notified that an additional patent application had been
issued.

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,
including the Prospectus filed under Rule 424B3 filed February 19, 2014 with
the SEC. 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

Hayden IR
Peter Seltzberg, Vice President
Phone: (646) 415-8972
Email: peter@haydenir.com

Photo - http://photos.prnewswire.com/prnh/20131104/PH08853LOGO

SOURCE Spherix Incorporated

Website: http://www.spherix.com
 
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