MELVILLE, NY--(Marketwired - October 18, 2013) - CopyTele, Inc. ("CTI") (OTCQB: COPY), a company specializing in patent monetization and patent assertion, today announced that its wholly owned subsidiary, J-Channel Industries Corporation, has entered into a license agreement with RGF Industries, the parent company of Pittsburg Glass Block Company, in connection with its patented J-Channel Window Frame Construction technology.
Robert Berman, CTI's President and CEO stated, "We are very pleased with the progress that we are making with our patent assertion programs as we continue to execute our new business model."
The license is the second license for the J-Channel Window Frame Construction technology, and resolves the patent infringement lawsuit against RGF Industries and Lowes Companies, Inc., filed on August 7, 2013, which will be dismissed. Estimates indicate that more than 10 million J-Channel windows are sold in the U.S. each year.
In total, CTI and its subsidiary companies currently have 39 active lawsuits across 5 patented technologies 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.
CTI 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, Micro Electro Mechanical Systems Displays, Loyalty Conversion Systems, and J-Channel Window Frame Construction. Additional information is available at www.CTIpatents.com.
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