BETHESDA, Md., Dec. 10, 2015 /PRNewswire/ -- Spherix Incorporated (Nasdaq: SPEX) -- an intellectual property development company committed to the fostering and monetization of intellectual property, today, released a new investor presentation, which can be accessed via the Investors section on their website (www.spherix.com).
Anthony Hayes, Chief Executive Officer of Spherix, commented, "Following our recent large licensing agreement and equity raise, we've revised our investor presentation to help better explain the size of the multi-billion dollar addressable market available to Spherix. Moving forward, Spherix has the opportunity to capture a fair and reasonable licensing percentage from this expansive addressable market. We have also raised significant funds to continue on-going operations and expand additional monetization efforts. With the final obligatory payments made for Spherix to own its patents free and clear of all liens, we are in an excellent position to continue monetization efforts. We remain committed to keeping our loyal shareholders apprised of our progress, and this presentation is designed to summarize our strategy and focus. We look forward to near term monetization opportunities and plan on keeping investors informed as new information becomes available in the future."
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. Spherix has acquired over 100 patents from Rockstar Consortium Inc., and several hundred patents issued to Harris Corporation, covering a variety of methods and components involved in switching, routing, networking, optical and telephone technologies, as well as in the wireless communications and telecommunication sectors.
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.
SOURCE Spherix Incorporated