BETHESDA, MD / ACCESSWIRE / October 16, 2015 / Spherix Incorporated (NASDAQ: SPEX) an intellectual property development company committed to the fostering and monetization of intellectual property, today noted that legislative efforts in Congress to change the patent laws appear to be suspended and the Senate is not yet ready to address Patent Office proceedings such as inter partes review ("IPR").

Senate Judiciary Committee Chairman Charles Grassley (R-Iowa) stated that it is premature to bring a measure regarding IPR proceedings to Senate Majority Leader Mitch McConnell until the product is final.

An article, linked below, in Tech Policy Daily on Tuesday discussed the apparent removal of legislative patent reform from Congress's upcoming agenda.

http://www.techpolicydaily.com/technology/patent-reform-back-burner/

Anthony Hayes, Chief Executive Officer of Spherix, stated, "We are glad that Congress continues to take a thoughtful and measured analysis of changes to the patent system. The patent system is an important factor in the sustained growth of our economy. The rights of all patent holders are important and should be protected. Spherix is committed to protecting our patent portfolio and we are motivated to negotiate fair agreements to achieve this goal."

About Spherix

Spherix is committed to advancing innovation by active participation in all areas of the patent market. Spherix draws on portfolios of pioneering technology patents to partner with and support product innovation. Spherix has acquired over 100 patents from Rockstar Consortium Inc., and several hundred patents issued to Harris Corporation, covering a variety of methods and components involved in switching, routing, networking, optical and telecommunication sectors.

Forward Looking Statements

Certain statements in this press release constitute "forward-looking statements" within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including without limitation those set forth in the Company's filings with the Securities and Exchange Commission (the "SEC"), not limited to Risk Factors relating to its patent business contained therein. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law.

Contact:

Investor Relations Contact:

Hayden/ MS-IR
Brett Mass
Phone: (646) 536-7331
Email: brett@haydenir.com
www.haydenir.com

Spherix Contact:

Phone: (703) 992-9325
Email: info@spherix.com
www.spherix.com

SOURCE: Spherix Incorporated