SOURCE: CopyTele, Inc.

CopyTele, Inc. Logo

June 04, 2013 08:20 ET

CopyTele Obtains Electrophoretic Display Patent

MELVILLE, NY--(Marketwired - June 04, 2013) -  CopyTele, Inc. ("CTI") (OTCQB: COPY), a company specializing in patent monetization and patent assertion, today announced that it has been awarded a new patent from the United States Patent and Trademark Office covering electrophoretic displays. The patent relates to improvements in the resolution and response time for particles used to generate images. CTI now has 13 pioneering U.S. patents in its E-Paper® electrophoretic display arsenal of patents.

Electrophoretic displays are commonly used in eReader devices such as the Kindle® sold by Amazon, and the Nook® sold by Barnes and Noble. On January 28, 2013, CTI filed lawsuits against AU Optronics Corp. and E Ink Holdings, in connection with CTI's electrophoretic display patents. E Ink manufactures electrophoretic displays for both the Kindle and the Nook, and the lawsuits are currently pending in the United States District Court for the Northern District of California.

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 Encryption, E-Paper® Electrophoretic Display, Nano Field Emission Display ("NFED"), Micro Electro Mechanical Systems Display ("MEMS"), Loyalty Point Conversion Systems, and 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.

Contact Information