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Stock Market & Financial Investment News

News Breaks
November 28, 2012
17:26 EDTSPEXBarry Honig reports 7.47% passive stake in Spherix
News For SPEX From The Last 14 Days
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November 30, 2015
13:50 EDTSPEXSpherix says total addressable market of potential licensees over $50B
Spherix provided an update on the current and prospective initiatives designed to create shareholder value. "With our first major licensing agreement reached, Spherix is positioned to move forward, unencumbered, with licensing and monetization efforts against a large list of potential licensees. Based on published reports, the total addressable market of the potential future licensees exceeds $50B and Spherix will seek to secure fair and reasonable licensing rates of this remaining market. We are in possession of a positive Markman Order granted by the Eastern District of Texas court that is applicable to potential licensees, providing leverage and clarity in negotiations, and we believe the prior Nortel license agreements establish a good licensing history and reasonable royalty rates...Moreover, efforts against V-Tech and Uniden continue unabated...We have only begun to address the sizeable licensing and monetization opportunity. Recently, we were able to clear significant hurdles that were impacting our ability to successfully pursue monetization efforts. With this behind us, and with a favorable Markman Order on key patents, we are now able to move forward aggressively on the remaining opportunity," said CEO Anthony Hayes.

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