BETHESDA, Md., Oct. 1, 2014 /PRNewswire/ -- Spherix
Incorporated (Nasdaq: SPEX) -- an intellectual property
development company committed to the fostering and monetization of
intellectual property, announced today that the Markman hearing for
Spherix's litigation against VTech and Uniden in the U.S. District
Court for the Northern District of Texas has been rescheduled for November 10, 2014. This hearing was
originally scheduled for October 2,
2014. The Court Order setting the Markman date was received
after the close of business on September
29, 2014. As previously indicated, all litigation
dates are subject to change at any time.
Anthony Hayes, Chief Executive
Officer of Spherix, stated, "Changes to the litigation schedule are
often altered, based on requests from the court or from the
parties. It's a normal part of the litigation cycle."
Mr. Hayes continued, "Each case is unique, and there can be no
assurances in this case, but Markman hearings typically represent
an inflection point in the litigation. While this process can still
take a few months to resolve, normally a Markman hearing can give
the parties an understanding of how key terms will be
construed. It therefore provides each side some guidance.
The timing of the ruling by the Court after the Markman
hearing is issued at the Court's discretion."
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:
|
Hayden
IR
|
|
Brett Mass,
Managing Partner
|
|
Phone: (646)
536-7331
|
|
Email:
brett@haydenir.com
|
|
www.haydenir.com
|
|
|
Spherix:
|
Phone: (703)
992-9325
|
|
Email:
info@spherix.com
|
|
www.spherix.com
|
Logo -
http://photos.prnewswire.com/prnh/20131104/PH08853LOGO
SOURCE Spherix Incorporated