SOURCE: CopyTele, Inc.

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October 02, 2013 07:00 ET

CopyTele Enters Into License Agreement With Tafco

MELVILLE, NY--(Marketwired - October 02, 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 Tafco Corporation, in connection with its patented J-Channel Window Frame Construction technology. The Agreement is the first license entered into since CTI began to implement its new patent assertion business strategy only 7 months ago. 

Robert Berman, CTI's President and CEO stated, "This Agreement represents a significant milestone in demonstrating that we are successfully executing our business model to evaluate, acquire, assert, and monetize patent portfolios. When considering the great progress we have made in the relatively short amount of time since joining the company, the future looks very bright for CTI and its shareholders."

The license agreement resolves the patent infringement lawsuit against Tafco Corporation and Lowes Companies, Inc. filed on August 7, 2013, which will be dismissed. In total, CTI and its subsidiary companies currently have 21 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.

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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