Spherix Monetization Program Continues to Expand

NEW YORK, Aug. 18, 2016 /PRNewswire/ Spherix Incorporated (Nasdaq: SPEX) an intellectual property development company committed to the fostering of technology and monetization of intellectual property, today announced that Equitable IP Holdings LLC ("Equitable" or the "Equitable IP Program"), has filed another patent infringement lawsuit, bringing the total of new suits on file to seven.  

In addition to the lawsuits previously announced this week, Spherix is announcing that Equitable filed another case in the United States District Court for the District of Delaware against ViaSat, Inc., case number: 1:16-cv-00720-UNA.  ViaSat is a global broadband services and technology company with a market capitalization of more than $1 billion.

As previously announced, and further manifested by today's release, Equitable and Spherix are working diligently to monetize these valuable assets and drive revenue for the Company.

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: [email protected]
                                     www.haydenir.com

Spherix:                      Phone: (703) 992-9325
                                    Email: [email protected] 
                                    www.spherix.com

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SOURCE Spherix Incorporated

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