SOURCE: ITUS Corporation

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November 04, 2014 07:00 ET

ITUS Subsidiary Files Patent Infringement Lawsuits Against AT&T and Dimension Data

MELVILLE, NY--(Marketwired - November 04, 2014) - ITUS Corporation ("ITUS") (OTCQB: ITUS), a company that builds and protects innovation, today announced that its wholly owned subsidiary, VPN Multicast Technologies, LLC ("VMT"), has filed patent infringement lawsuits against AT&T, and Dimension Data LLC, in connection with VMT's patented VPN Multicast Communications technology. The lawsuits were filed in the U.S. District Court for the Eastern District of Texas.

The complaints allege infringement of United States Patent Number 8,477,778 (the " '778 Patent") entitled "Applying Multicast Protocols and VPN Tunneling Techniques to Achieve High Quality of Service for Real Time Media Transport Across IP Networks."

Robert Berman, ITUS's President and CEO stated, "These lawsuits mark the 8th patented technology for which we have initiated lawsuits, as we continue to implement our strategy of diversification across a broad range of technologies." 

Since January of 2012, ITUS has initiated 47 lawsuits across 8 patented technologies, and has generated revenue from 31 licenses and/or settlements. 

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 www.ITUScorp.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 ITUS Corporation'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, 2013 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.

ITUS Corporation BUILDING & PROTECTING INNOVATION™

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