SOURCE: CopyTele, Inc.

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September 23, 2013 17:15 ET

CopyTele Awarded Two Display Patents

MELVILLE, NY--(Marketwired - September 23, 2013) - CopyTele, Inc. ("CTI") (OTCQB: COPY), a company specializing in patent monetization and patent assertion, today announced that it has been awarded two new display patents from the United States Patent and Trademark Office: U.S. Patent No. 8,519,944; and U.S. Pat No. 8,469,761.

The '944 patent pertains to CTI's E-Paper® Electrophoretic Display technologies, and covers improvements in the resolution, contrast and response time for the generation of images using a dual particle system. The '761 patent pertains to CTI's Nano Field Emission Display ("nFED") technologies, and covers a special process to reduce potential heat damage during the manufacturing process. CTI now has 14 U.S. patents in its electrophoretic display arsenal of patents, and 24 U.S. patents in its nFED arsenal of patents.

On January 28, 2013, CTI filed a lawsuit in the U.S. District Court for the Northern District of California against AU Optronics Corp. and E Ink Holdings in connection with CTI's E-Paper® Electrophoretic Display, and Nano Field Emission Display patents, which lawsuit shall be adjudicated via arbitration. 

Since announcing its new business model in October of 2012, CopyTele now has 22 active lawsuits across 5 patented technology areas, including: E-Paper Electrophoretic Displays; Nano Field Emission Displays; Key Based Web Conferencing Encryption; J-Channel Window Frame Construction; and Loyalty Conversion Systems.

About CopyTele, Inc.

CopyTele develops and acquires patented technologies for the purposes of patent monetization and patent assertion. The company currently has 6 patent portfolios in the areas of Key Based Web Conferencing Encryption, E-Paper® Electrophoretic Displays, Nano Field Emission Displays ("nFED"), Micro Electro Mechanical Systems Displays ("MEMS"), Loyalty Point Conversion Systems, and J-Channel Window Frame Construction. Additional information is available at www.CTIpatents.com

Forward-Looking Statements: Statements that are not historical fact may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not statements of historical facts, but rather reflect CopyTele's current expectations concerning future events and results. We generally use the words "believes," "expects," "intends," "plans," "anticipates," "likely," "will" and similar expressions to identify forward-looking statements. Such forward-looking statements, including those concerning our expectations, involve risks, uncertainties and other factors, some of which are beyond our control, which may cause our actual results, performance or achievements, or industry results, to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. These risks, uncertainties and factors include, but are not limited to, those factors set forth in "Item 1A - Risk Factors" and other sections of our Annual Report on Form 10-K for the fiscal year ended October 31, 2012 as well as in our Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. You are cautioned not to unduly rely on such forward-looking statements when evaluating the information presented in this press release. 

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