NEW YORK, Aug. 5, 2013 /PRNewswire/ -- North South Holdings Inc. ("North South") -- an intellectual property development company, today is announcing that one of its wholly owned subsidiaries, Guidance IP LLC, filed a complaint against T-Mobile USA, Inc. for patent infringement.
The complaint is filed in the U.S. District Court for the Middle District of Florida, the residential jurisdiction for the corporate headquarters of Harris Corporation, the original patent owner. This lawsuit claims infringement by T-Mobile of United States Patent No. 5,719,584 entitled "System and Method for Determining the Geolocation of a Transmitter" ("'584 Patent"). The technology relates to the geolocation of cells phones on the T-Mobile cell phone network. The original owner of patent '584 was the Harris Corporation. North South purchased this patent along with over 200 others from Harris in 2012. According to public filings, T-Mobile provides service to approximately 34.0 million customers through its network.
Anthony Hayes, North South CEO, stated, "This is the first complaint filed on the patents North South acquired from Harris Corporation, but we anticipate more. This is a valuable portfolio and we will continue to demonstrate its worth as we move towards our merger with Spherix Incorporated. (NASDAQ: SPEX). Use of North South's intellectual property without a license is unjust and we are committed to protecting the rights afforded North South under the United States Constitution."
About North South Holdings Inc.
North South Holdings Inc. was formed on November 9, 2012 to seek business opportunities in which to acquire patents from various entities and monetize those patents through sales, litigation or licensing. North South recently entered into an agreement to be acquired by Spherix Incorporated (NASDAQ: SPEX).
About Spherix Incorporated
Spherix Incorporated (NASDAQ: SPEX) was launched in 1967 as a scientific research company. Spherix presently offers a diversified commercialization platform for protected technologies. The company continues to work on life sciences and drug development and presently is exploring opportunities in nutritional supplement products relying on its D-Tagatose natural sweetener as a GRAS ingredient. Spherix is committed to advancing innovation by active participation in all areas of the patent market. Spherix draws on portfolios of pioneering technology patents to partner with and support product innovation. Through its recently announced acquisition of several hundred patents issued to Harris Corporation Spherix intends to expand its activities in wireless communications and telecommunication sectors including antenna technology, Wi-Fi, base station functionality, and cellular.
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 North South 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. Thus, actual results could be materially different. North South 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.
SOURCE North South Holdings Inc.