Patent Monetization Strategy Now Includes Nine Litigation Programs as Spherix Continues to Identify Infringers of Its IP

Patent Monetization Strategy Now Includes Nine Litigation Programs as Spherix
                  Continues to Identify Infringers of Its IP

Efforts Continue to Monetize Nortel Patents

PR Newswire

BETHESDA, Md., July 29, 2014

BETHESDA, Md., July 29, 2014 /PRNewswire/ -- Spherix Incorporated (SPEX) -- an
intellectual property development company committed to the fostering and
monetization of intellectual property, today announced a summary of the
Company's legal proceedings as they relate to monetization of the Company's
intellectual property. The legal proceedings demonstrate a strategy to assert
multiple different patents in different technology areas. Spherix aims to
develop multiple licensing revenue sources, through both litigation and
through partnering with those utilizing its intellectual property.

Spherix Logo.

Anthony Hayes, Chief Executive Officer of Spherix, stated, "As part of our
overall licensing program, Spherix has asserted multiple independent patent
families in different technology fields. A key component of the Company's
strategy attempts to establish multiple revenue sources that function
independently of each other. By asserting different patent families in
diverse technology fields, we hope to decrease the risks associated with a
monetization strategy that relies solely upon the assertion of the same
patents over and over. Currently, our monetization strategy seeks to
establish licensing revenue in the areas of cell phone location, cordless
phones, the provision of Internet services, and routing and switching
equipment. These four (4) licensing programs are based on four different
groups of patents, each group including independent patent families. Within
most of the different programs, we are asserting litigation against multiple
defendants. This monetization strategy diversifies the Company's
opportunities for revenues in four distinct programs.

Frank Reiner, Vice President of Finance & Licensing for Spherix, stated, "We
continue to identify infringes of our patents, which cover many areas of some
of the largest technology fields in use today. We foresee many opportunities
to monetize these assets in the future."

Summary of Active Lawsuits:

  Cordless Phone Technology

  oOn August 30, 2013, the Company initiated litigation against VTech in the
    United States District Court for the Northern District of Texas for
    infringement U.S. Patent Nos. 5,581,599; 5,752,195; 5,892,814; 6,614,899;
    and 6,965,614. On May 22, 2014, the Court entered a Scheduling Order for
    the case. The Markman hearing is currently set for October 2, 2014.
  oOn August 30, 2013, the Company initiated litigation against Uniden in the
    United States District Court for the Northern District of Texas for
    infringement of U.S. Patent Nos. 5,581,599; 5,752,195; 6,614,899; and
    6,965,614. On May 22, 2014, the Court entered a Scheduling Order for the
    case. The Markman hearing is currently set for October 2, 2014.

Cell Phone Location

  oOn August 1, 2013, the Company initiated litigation against T-Mobile Inc.
    in the United States District Court for the Middle District of Florida for
    infringement of U.S. Patent No. 5,719,584.On April 24, 2014, the Court
    transferred the case to the United States District Court for the Western
    District of Washington, which has not yet entered a Scheduling Order.
  oOn December 6, 2013, the Company initiated litigation against AT&T in the
    United States District Court for the Northern District of Texas for
    infringement of a U.S. Patent. No. 5,719,584. On March 7, 2014, the Court
    entered a Scheduling Order for the case.

  Routing & Switching Equipment

  oOn March 24, 2014, the Company initiated litigation against Cisco Systems
    in the United States District Court for the District of Delaware for
    infringement of U.S. Patent Nos. RE40467; 6,697,325; 6,578,086; 6,222,848;
    6,130,877; 5,970,125; 6,807,174; 7,397,763: 7,664,123; 7,385,998; and
    8,607,323. On July 8, 2014, Spherix filed an Amended Complaint to reflect
    that certain of the patents asserted were assigned to Spherix's
    wholly-owned subsidiary NNPT, LLC, based in Longview, Texas. By the
    Amended Complaint, NNPT, LLC was added as a co-plaintiff with Spherix.
    Cisco's deadline to respond to the Amended Complaint, subject to change by
    agreement of the parties or by Order of the Court, currently is August 5,
    2014.
  oOn May 2, 2014, the Company initiated litigation against Juniper Networks
    in the United States District Court for the District of Delaware for
    infringement of U.S. Patent Nos. RE40467; 6,578,086; 6,130,877; 7,664,123;
    and 8,607,323. On July 8, 2014, Spherix filed an Amended Complaint to
    reflect that certain of the patents asserted were assigned to Spherix's
    wholly-owned subsidiary NNPT, LLC, based in Longview, Texas. By the
    Amended Complaint, NNPT, LLC was added as a co-plaintiff with Spherix.
    Juniper's deadline to respond to the Amended Complaint, subject to change
    by agreement of the parties or by Order of the Court, currently is August
    8, 2014.
  oOn June 9, 2014, Spherix initiated litigation against Huawei in the United
    States District Court for the Eastern District of Texas, for infringement
    of United States Patent Nos. 6,578,086; 6,130,877; 6,697,325; 7,664,123;
    and 8,607,323. Huawei has not yet answered the Complaint. Huawei's
    deadline to respond to the Complaint, subject to approval by the Court,
    currently is September 8, 2014.

  Internet Service Providers

  oOn June 11, 2014, the Company initiated litigation against Verizon in the
    United States District Court for the Eastern District of Virginia for
    infringement of U.S. Patent Nos. 6,507,648; 6,882,800; 6,980,564; and
    8,166,533. On July 2, 2014, Spherix filed an Amended Complaint in the case
    in which it added allegations of infringement of an additional U.S. patent
    7,478,167. Verizon's deadline to respond to the Amended Complaint,
    subject to change by agreement of the parties or by Order of the Court,
    currently is August 15, 2014.

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.

Investor Relations Contact:
Hayden IR
Brett Mass
Phone: (646) 536-7331
Email: brett@haydenir.com
www.haydenir.com

Spherix Contact:
Phone: (703) 992-9325
Email: info@spherix.com
www.spherix.com

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SOURCE Spherix Incorporated

Website: http://www.spherix.com
 
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