BETHESDA, Md., March 4, 2015 /PRNewswire/ -- Spherix
Incorporated (NASDAQ: SPEX) -- an intellectual property development
company committed to the fostering and monetization of intellectual
property, today provided an update on certain of the Company's
legal proceedings as they relate to the pursuit of legal remedies
to enforce its intellectual property rights and stop unauthorized
use of patented technology, including its claim against
Verizon.
Anthony Hayes, Chief Executive
Officer of Spherix, stated, "Continued progress is being made as we
pursue enforcement of patent protections provided by the well-known
Nortel patents. Our next major milestone is the March 16, 2015 Markman hearing in our case
against Verizon, which is ahead of a five-day trial for the case
scheduled to begin on May 18, 2015.
We are making strides in our efforts to seek remedies to the
violation of our intellectual property rights associated with
technologies that either have been or are currently deployed in
technological infrastructures around the country."
The Company also provided the following updates regarding the
Verizon case and certain other pending litigations.
Update on Certain Other Litigation Matters
- On August 1, 2013, the Company
initiated litigation against T-Mobile Inc. in the United States
District Court for the Middle District of Florida. On
April 24, 2014, the case was
transferred to the United States District Court for the Western
District of Washington. On
January 29, 2015, the Court issued an
Order requiring the parties to serve Initial Disclosures by
February 26, 2015 and submit a Joint
Status Report and Discovery Plan to the Court by March 12, 2015.
- In August 2013, the Company
initiated litigation against VTech and Uniden in the United States
District Court for the Northern District of Texas for infringement of multiple U.S.
patents. The Markman hearing for these cases was held on
November 21 and 26, 2014. Both the
Technology Tutorial for the educational benefit of the Court and
the Markman hearing where held jointly for the VTech and Uniden
cases. The court has not yet issued a Markman Order.
- On March 28, 2014, the Company
initiated litigation against Cisco Systems in the United States
District Court for the District of Delaware for infringement of multiple U.S.
patents. On August 5, 2014, Cisco
filed a motion to dismiss certain claims alleged in the amended
complaint. On August 26, 2014, the
Company filed an opposition to Cisco's motion to dismiss. On
September 5, 2014, Cisco filed its
reply brief regarding its motion to dismiss.
- On May 2, 2014, the Company
initiated litigation against Juniper Networks in the United States
District Court for the District of Delaware for infringement of multiple U.S.
patents. On August 8, 2014, Juniper
filed a motion to dismiss certain claims alleged in the amended
complaint. On August 29, 2014, the
Company filed its opposition to Juniper's motion to dismiss. On
September 15, 2014, Juniper filed its
reply brief regarding its motion to dismiss.
- On June 9, 2014, the Company
initiated litigation against Huawei in the United States District
Court for the Eastern District of Texas for infringement of multiple U.S.
patents. On September 8, 2014,
Huawei filed its answers to the complaint, asserting counterclaims
requesting declaration that the patents at issue were non-infringed
and invalid. On January 20, 2015, the
Court set the Markman hearing for July 17,
2015 and trial to begin on February
8, 2016. On January 28, 2015,
the Court appointed a mediator for the parties.
- On June 11, 2014, the Company
initiated litigation against Verizon in the United States District
Court for the Eastern District of Virginia for infringement of multiple U.S.
patents. The Markman hearing is currently scheduled for
March 16, 2015 and a five day trial
is scheduled to begin on May 18,
2015.
About Spherix
Spherix Incorporated was launched in 1967 as a scientific
research company. Through the Company's acquisition of patents and
patent application developed by Nortel Networks Corporation from
Rockstar Consortium US. LP and Harris Corporation from North South
Holdings Inc. in 2013, the Company has expanded its activities and
is a significant owner of intellectual property
assets. 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," "scheduled" "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