Spherix acquires interest in fiber optic patents

Spherix Incorporated said it acquired an “economic interest” in a new portfolio of 112 patents that is “largely unlicensed to any third party.”

Spherix said that with its partner Equitable IP Corporation it acquired an economic interest in and the right to monetize a portfolio in the fiber optic technology space.

Spherix CEO Anthony Hayes said: “By working with Equitable IP Corporation, we’ve expanded the number of Equitable’s assets that can be monetized to now over 400 patents.

“The addition of these new patents to Equitable’s portfolio increases our potential revenue generation.”