Key Developments: Spherix Inc (SPEX.OQ)

SPEX.OQ on NASDAQ Stock Exchange Capital Market

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22 May 2015
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Latest Key Developments (Source: Significant Developments)

United States Patent & Trademark Office issues another standard-essential patent to Spherix Inc
Monday, 11 May 2015 06:00am EDT 

Spherix Inc:Says that United States Patent & Trademark Office (USPTO) is issuing the Company another standard-essential patent.Company has received from USPTO an issue notification for patent RE45521, set to issue on May 19.This patent is part of the same family of standard-essential patents currently being litigated against both Cisco and Verizon.Patented technology relates to transmittal of data over a network and further enhances company's existing portfolio.  Full Article

Spherix Board unanimously rejects unsolicited proposal from Marathon Patent Group, Inc
Tuesday, 3 Feb 2015 06:00am EST 

Spherix Inc:Has considered and unanimously rejected an unsolicited proposal received from Marathon Patent on Jan. 15, indicating Marathon's interest in acquiring Spherix in stock-for-stock transaction valuing Spherix at 15 pct premium above the recent market price of Spherix's common stock.After comprehensive review, conducted in consultation with its legal advisors, Spherix Board concluded that Proposal substantially undervalues Spherix, creates significant risks and uncertainties for stockholders of Spherix, and is not in best interests of the Company and its stockholders.  Full Article

Spherix Inc's NNPT, LLC commences patent litigation against Huawei
Tuesday, 10 Jun 2014 06:00am EDT 

NNPT, LLC:NNPT, LLC wholly owned subsidiary of Spherix Inc commences patent litigation in United States District Court for Eastern District of Texas against Huawei Device USA Inc, Huawei Technologies USA Inc, Huawei Technologies Cooperatif U.A. and Futurewei Technologies Inc.NPT complaint alleges that Huawei, manufacturers and sellers of routing and switching products for high-performance networks, infringes five patents assigned to NNPT.  Full Article

Spherix Inc announces $20 mln registered direct offering of preferred stock
Thursday, 29 May 2014 09:25am EDT 

Spherix Inc:Says that it entered into a placement agent agreement with Laidlaw & Company (UK) Ltd. on May 28, to sell 10 million shares of Series J Convertible Preferred Stock in a registered direct offering at a purchase price of $2.00 per share.Offering is expected to close on June 2.Net proceeds to the company, following payment of placement agent fees and other expenses of the Offering payable by us, are expected to be about $18.3 million.  Full Article

Spherix Inc commences federal litigation against Juniper Networks Inc for patent infringement
Monday, 5 May 2014 06:00am EDT 

Spherix Inc:Commences litigation against Juniper Networks Inc in United States District Court for District of Delaware, alleging that Sunnyvale, California based company infringes five patents owned by Spherix.Patents asserted in the litigation were developed by Nortel Networks and acquired by Spherix in December 2013.Technology at issue relates to routers and switches sold by Juniper that move data across a network and are five of the same patents previously asserted by Spherix against Cisco.Spherix contends that scope of Juniper's infringement of the asserted patents has been and continues to be substantial.  Full Article

Spherix Inc commences federal litigation against Cisco Inc
Thursday, 27 Mar 2014 06:00am EDT 

Spherix Inc:Commences patent litigation in US District Court for District of Delaware against Cisco Inc.These patents, developed by inventors at Nortel Networks and acquired by Spherix in Dec. 2013 relate to Cisco's products including routers and switches.  Full Article

Spherix Inc announces litigation update in lawsuits against VTech and Uniden
Wednesday, 12 Feb 2014 06:00am EST 

Spherix Inc:Says the company and defendants VTech and Uniden submitted agreed patent litigation schedules to the U.S. District Court for the Northern District of Texas.The parties proposed that Markman Hearings for the two cases be consolidated and that the joint Markman Hearing be held Oct 2.The proposed schedule and Markman Hearing is subject to approval by the court, and such approval and the outcome of any litigation cannot be assured.  Full Article

Spherix Inc appoints richard cohen as chief financial officer
Thursday, 9 Jan 2014 06:00am EST 

Spherix Inc:Says it has appointed Richard Cohen as its Chief Financial Officer.Says Cohen replaces Michael Pollack who was serving as interim chief financial officer.  Full Article

Spherix Inc Announces the Closing of Private Placement of $2,235,000
Thursday, 7 Nov 2013 06:00am EST 

Spherix Inc announced that the Company has closed the previously announced private placement with five accredited investors for gross proceeds to the Company of $2,235,000. The average price per share in this transaction was $6.34.  Full Article

Spherix Inc Announces Addition to Executive Team
Tuesday, 15 Oct 2013 06:00am EDT 

Spherix Inc announced that it has hired Michael Pollack to serve as its Interim Chief Financial Officer.  Full Article

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