SOURCE: ITUS Corporation

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October 02, 2014 07:00 ET

ITUS Subsidiary Enters Into Settlement Agreement With Quaker Windows

MELVILLE, NY--(Marketwired - October 02, 2014) - ITUS Corporation ("ITUS") (OTCQB: ITUS), a company that builds and protects innovation, today announced that its wholly owned subsidiary, J-Channel Industries Corporation ("JCIC"), has entered into a license agreement with Quaker Window Products Co. Inc., in connection with JCIC's patented J-Channel Window Frame Construction technology. The Agreement resolves the patent infringement lawsuit filed against Quaker on October 9, 2013, which will be dismissed.

Robert Berman, ITUS's President and CEO stated, "This is the 6th J-Channel agreement that we have entered into this quarter, and we are very happy with the success we are having with this assertion campaign. Looking back over the past few months, we have had a steady stream of positive events and the momentum is continuing to build as we approach our November 10th trial date with AU Optronics." 

Of the original 27 companies that JCIC sued in connection with its J-Channel Window Frame Construction technology, 13 companies have now entered into license and/or settlement agreements. 

About ITUS Corporation

ITUS develops and acquires patented technologies for the purposes of patent monetization and patent assertion. The company currently has 10 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, Internet Telephonic Gateway, and Enhanced Auction Technologies. Additional information is available at

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