NEW YORK, Nov. 8, 2017 /PRNewswire/ — Spherix Incorporated (“Spherix” or the “Company”) (NASDAQ: SPEX), a technology development company committed to the fostering of innovative ideas, today announced the sponsorship of the Shark Tank initiative at the College of William & Mary in Virginia.  William & Mary is a cutting-edge research university and is the second-oldest institution of higher education in the United States.

Based on the namesake of the popular television show that pits upstart business ideas against a group of seasoned executives, the Shark Tank Initiative gives William & Mary student entrepreneurs the opportunity to present solutions to real-world problems to a panel of experts.  Past entrepreneurial proposals included the use of Artificial Intelligence in the Microfinance space and the use of Web Scraping to track real time attitudes towards the US in foreign media. The teams with the best pitches are eligible to win funding for their ideas.

Anthony Hayes, the Chief Executive Officer of Spherix stated, “The support and advancement of innovative technologies is at the core of our Company’s mission. Our sponsorship seeks to help the next generation of technology leaders, and gives us a warm introduction to young, energetic entrepreneurs that are intent on creating the next generation of disruptive technologies.  Artificial Intelligence and super-computing are exciting fields and we are extremely proud and excited to lend our support.”

About Spherix Incorporated

Spherix Incorporated was launched in 1967 as a scientific research company. Spherix is committed to advancing innovation by participation in the development of new technology.  

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. We are a small company with limited financial resources and our scientific background and abilities to implement a commercialization strategy is subject to ever-changing market conditions and rapidly-advancing technologies over which we have no control. While we believe that these forward-looking statements are reasonable, market conditions and competition in the marketplace is ever-changing and we have no control over these influences. As a result, 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”) including, but not limited to, the Risk Factors relating to the Company’s patent business and other aspects of the Company’s 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 IR, LLC
Brett Mass
Phone: (646) 536-7331
Email: investorrelations@spherix.com
www.haydenir.com

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

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SOURCE Spherix Incorporated