Thursday 20 April 2017

20 April 2017 - US-based intellectual property development company Spherix Inc. (NASDAQ: SPEX) has acquired an economic interest in a new patent portfolio that is largely unlicensed to any third party, the company said.

Terms of the deal were not disclosed.

Spherix and its partner Equitable IP Corp. have acquired an economic interest and the right to monetise a portfolio in the fibre optic technology space as part of their ongoing patent monetization efforts.

The newly acquired portfolio consists of approximately 112 patents and is largely unlicensed.

Spherix was launched in 1967 as a scientific research company. The company draws on portfolios of pioneering technology patents to partner with and support product innovation.