Profile: Spherix Inc (SPEX.OQ)
Spherix Incorporated (Spherix), incorporated on May 1, 1992, is an intellectual property company that owns patented and unpatented intellectual property. The Company is a patent commercialization company that realizes revenue from the monetization of intellectual property. Such monetization includes, but is not limited to, acquiring intellectual property from patent holders and in conducting and managing a licensing campaign.
The Company's activities generally include the acquisition and development of patents through internal or external research and development. In addition, the Company seeks to acquire existing rights to intellectual property through the acquisition of already issued patents and pending patent applications, both in the United States and abroad. The Company develops products and processes associated with its intellectual property and license its intellectual property to others seeking to develop products or processes or whose products or processes infringe its intellectual property rights through legal processes. Some patent holders tend to have limited internal resources and/or expertise to address the unauthorized use of their patented technologies or they simply make the business decision to outsource their intellectual property licensing. They can include individual inventors, large corporations, universities, research laboratories and hospitals.
The Company competes with Vringo, Inc., VirnetX Holding Corp, Acacia Research Corporation, RPX Corporation and Marathon Patent Group, Inc.
1350 Avenue Of The Americas Fl 2
NEW YORK NY 10019