MELVILLE, NY--(Marketwired - June 02, 2014) - CopyTele, Inc. ("CTI") (OTCQB: COPY), a company that protects the rights of inventors through patent monetization and patent assertion, today announced that its wholly owned subsidiary, J-Channel Industries Corporation, has prevailed in its efforts to prevent Home Depot U.S.A. Inc. and Silver Line Building Products LLC from removing its patent infringement lawsuit out of the Eastern District of Tennessee. Silver Line and Home Depot, originally sued by J-Channel Industries Corporation in the Eastern District of Tennessee, sought to circumvent the Tennessee Court by moving the lawsuit to the Eastern District of New York, where the defendants had filed for declaratory relief.
Robert Berman, CTI's President and CEO, stated, "Both the New York and Tennessee Court's have now put an end to the 'legal gamesmanship' attempted by these parties to delay and disrupt our infringement lawsuits. The integrated J-Channel has become a standard in the vinyl window industry. Instead of profiting from his invention, our inventor was forced out of business. Large companies such as these have made a lot of money from selling J-Channel windows, and we look forward to proceeding with our infringement lawsuits in the Eastern District of Tennessee and telling our story in Court."
J-Channel Industries has 20 patent infringement lawsuits pending in the Eastern District of Tennessee, and has entered into 7 license/settlement agreements in connection with its patented J-Channel Window Frame Construction technology.
About CopyTele, Inc.
develops and acquires patented technologies for the purposes of patent monetization and patent assertion. The company currently has 9 patent portfolios in the areas of Key Based Web Conferencing Encryption, Encrypted Cellular Communications, E-Paper® Electrophoretic Display, Nano Field Emission Display ("nFED"), Micro Electro Mechanical Systems Display ("MEMS"), Loyalty Conversion Systems, J-Channel Window Frame Construction, VPN Multicast Communications, and Internet Telephonic Gateway. Additional information is available at www.CTIpatents.com.
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