BETHESDA, MD / ACCESSWIRE / July 17, 2015 / Spherix Incorporated (NASDAQ: SPEX) an intellectual property development company committed to the fostering and monetization of intellectual property, today noted that the U.S. House of Representatives pulled H.R.9 "The Innovation Act" prior to a vote on the floor of House.

As reported by Intellectual Asset Management (IAM(R)), the House pulled HR9, "The Innovation Act." This was the bill sponsored by Rep. Bob Goodlatte [R-VA] and as noted by IAM's Richard Lloyd, it now seems highly unlikely that the bill will be considered again until some time after the summer recess, if at all.

Anthony Hayes, Chief Executive Officer of Spherix, stated, "The removal of this bill from the House schedule should remove some of the uncertainty that has been clouding our industry and acting as headwind on the sector. The bill was considered by some to weaken all patents and we believe its current removal from an immediate vote demonstrates that the House is giving careful consideration to the rights of all patent holders. Spherix is committed to responsibly protecting the patents it owns, and we remain eager to work with companies large and small to reach fair and reasonable agreements."

About Spherix

Spherix Incorporated was launched in 1967 as a scientific research company. Spherix is committed to advancing innovation by active participation in the patent market. Spherix draws on portfolios of pioneering technology patents to partner with and support product innovation.

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