Spherix Enters Into Non-Binding Letter Of Intent with Privacy Messaging Pioneer DatChat
SPHERIX (SPEX)
US:NASDAQ Investor Relations:
spherix.com/investors.php
Company Research
Source: PR Newswire
NEW YORK, Aug. 9, 2016 /PRNewswire/ -- Spherix Incorporated (NASDAQ: SPEX) –a company committed to the fostering of technology and the monetization of intellectual property, today announced that it has entered into a non-binding letter of intent ("LOI") to invest in DatChat Inc. – a pioneer in the secure (privacy) messaging industry – in exchange for an equity security interest in DatChat. DatChat's patent-pending encryption technology allows users to secure their messages sent between mobile devices. Earlier this year, DatChat announced that its technology offers an unprecedented level of privacy control for both individual and group messages. According to DatChat, its app is the first privacy messaging app that provides the option to dictate how long sent messages are accessible on the recipient's phone and is the first to offer an option that will erase both sides of a conversation on both the sender and recipient's devices, even after the information is transmitted to another u
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