TYSONS CORNER, Va., Jan. 17, 2014 /PRNewswire/ -- Spherix Incorporated (SPEX) -- an intellectual property development company committed to the fostering and monetization of intellectual property, announced today that it is calling upon Charter Communications Inc. to enter into licensing negotiations regarding certain patents owned by Spherix.
On January 17, 2014 Spherix was informed that Charter Communications and certain of its subsidiaries have asked a district court in Delaware to order that certain patents owned by Spherix and Rockstar Consortium be licensed to Charter or declared that Charter doesn't infringe on the Intellectual Property owned by Spherix and Rockstar. Charter goes on to say that "Rockstar, for itself and on behalf of Bockstar, Constellation, and Spherix, has nevertheless, refused to enter into negotiations with Plaintiffs or their vendors with respect to such patents unless Plaintiffs execute non-disclosure agreements that are designed to defeat Defendants' obligations to license these patents on fair, reasonable and non-discriminatory terms."
Spherix CEO, Anthony Hayes stated "Spherix has never turned down licensing negotiations with Charter or any of its subsidiaries and we call upon Charter to enter into licensing negotiations immediately. Furthermore we find Charter's action without merit and misleading as Spherix has not filed suit against Charter or its subsidiaries and has never turned down a fair licensing fee."About SpherixSpherix 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 StatementsCertain 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 Phone: (703) 992-9325 Email: email@example.com Or: RedChip Companies Inc. 1-800-REDCHIP (733-2447)