Spherix Offers Update on NNTP v. Huawei Case: Markman Hearing Remains Scheduled for Jul. 17, Trial Set Feb. 8, '16

Spherix Incorporated SPEX -- an intellectual property development company committed to the fostering and monetization of intellectual property, today provided a litigation update regarding NNTP v. Huawei, Case No. 2:14-cv-00677-JRG-RSP, in the United States District Court for the Eastern District of Texas. The Markman hearing for the case involving the company's wholly owned subsidiary, NNTP, LLC ("NNTP"), against Huawei Device USA Inc., Huawei Technologies USA Inc., Huawei Technologies Cooperatif U.A. and Futurewei Technologies, Inc. (collectively "Huawei") remains scheduled for July 17, 2015, and the trial remains set to begin on February 8, 2016. The complaint against Huawei which was initiated in June 2014, alleges that the majority of Huawei's revenue from at least January 1, 2011 until the present is, and has been, generated by products and services implementing technology that infringes the patents developed by Nortel Networks and acquired by Spherix in December 2013. The patented technology relates to routers and switches sold by Huawei that move data across a network. Anthony Hayes, Chief Executive Officer of Spherix, stated, "We continue to make progress in our efforts to enforce and protect our intellectual property rights and look forward to presenting our case to the court in this upcoming hearing. We are concurrently moving forward with multiple cases, involving dozens of patents, as we work to create lasting shareholder value."