Spherix Notified by USPTO of Issuance of New Standard Essential Patent Issued to Spherix
Company Continues to Create Value by Expanding Intellectual Property Asset Portfolio
BETHESDA, Md., June 22, 2015 /PRNewswire/ -- Spherix Incorporated (Nasdaq: SPEX) -- an intellectual property development company committed to the fostering and monetization of intellectual property, today announced that the United States Patent & Trademark Office (USPTO) has notified the Company that it will issue a new patent to Spherix that is part of a standard essential family of patents.
The new patent will issue on June 30, 2015 as U.S. Patent RE45,598 from U.S. Patent Application Serial No.13/728,698.
The listed inventors of the new patent, entitled "VLAN Frame Format," are Paul J. Frantz, et al. The patent claims generally relate to methods for the transmission, identification and association of information in a virtual network associated with a data frame. The issuance of this application further enhances the existing portfolio and coverage of technology related to data communication across different networks. This patent is part of the same family of standard-essential patents currently being litigated against both Cisco and Verizon. The technology underlying this patent is currently practiced by network equipment and service providers industry-wide.
CEO Anthony Hayes stated, "The issuance of this patent by the USPTO further increases our holdings of standard essential patents while also strengthening our intellectual property portfolio overall and enriching our monetization opportunities. As we continue our efforts to monetize our patents, management is simultaneously focused on expanding our portfolio. We continue to create an exceptionally strong portfolio of standard essential patents, as this is the 10th patent that has issued as part of this family of standard-essential patents. Possessing multiple patents broadens the scope of coverage of this widely used essential technology and strengthens Spherix's patent position, ultimately creating value for shareholders."
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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