Spherix Subsidiary Continues Monetization of Famous Nortel Patents LONGVIEW, Texas, June 10, 2014 /PRNewswire/ -- NNPT, LLC, ("NNPT") a Texas wholly owned subsidiary of Spherix Incorporated (NASDAQ: SPEX), today announced it has commenced patent litigation in the United States District Court for the Eastern District Of Texas against Huawei Device USA Inc.; Huawei Technologies USA Inc.; Huawei Technologies Cooperatif U.A. and Futurewei Technologies, Inc. ("Huawei"). The NNPT complaint alleges that Huawei, one of the world's largest manufacturers and sellers of routing and switching products for high-performance networks, infringes five patents assigned to NNPT.
The patents asserted in the litigation were developed by Nortel Networks. The patented technology relates to routers and switches sold by Huawei that move data across a network. NNPT contends the scope of Huawei's infringement of the asserted patents has been and continues to be immense. The complaint against Huawei alleges that the majority of Huawei's revenue from at least January 1, 2011, until the present has been generated by products and services implementing technology that infringes the asserted patents. The NNPT complaint seeks recovery of damages for a portion of the significant revenue associated with the infringed patents.
Anthony Hayes, Chief Executive Officer of Spherix, stated, "Spherix, through its Texas subsidiary NNPT, continues to aggressively work to monetize the valuable intellectual property developed by world famous Nortel Networks, with this complaint filed in the United States District Court for the Eastern District of Texas. In our view, the Eastern District of Texas is one of the more rapidly moving federal district courts in the country and a court with a reputation for being extremely knowledgeable about patent law. To date, we have filed infringement lawsuits against Cisco, AT&T, Uniden, VTech, T-Mobile, and Juniper Networks, and now Huawei."
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