SOURCE: ITUS Corporation

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November 03, 2014 07:00 ET

ITUS Subsidiary Resolves 15 J-Channel Patent Infringement Disputes

MELVILLE, NY--(Marketwired - November 03, 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"), entered into a settlement and/or license agreement with 15 companies that are extruders, manufacturers, and/or retailers of vinyl windows with JCIC's patented J-Channel Window Frame Construction technology. The companies include American Builders & Contractors Supply Co., Inc. (ABC Supply), Deceuninck North America, LLC, VEKA, Inc., L.B. Plastics, Inc., Chelsea Building Products, Inc., Moss Supply Company, Vinylmax, LLC, Wincore Window Company, LLC, Associated Materials, LLC, Comfort View Products, LLC, Croft, LLC, Magnolia Windows & Doors, LLC, MGM Industries, Inc., Sun Windows, Inc., and West Window Corporation. JCIC has now entered into 29 settlement and/or license agreements with respect to its patented J-Channel Window Frame Construction technology.

Robert Berman, ITUS's President and CEO stated, "We ended our fiscal year with a flurry of J-Channel activity, which is a testament to the skill, dedication, and hard work of our team. Of the 27 patent infringement lawsuits originally filed in connection with our patented J-Channel technology, 24 lawsuits have now been resolved. The current number of settlements and/or licenses for our J-Channel technology exceeds the original number of lawsuits, because in certain instances, companies that were not defendants in our lawsuits have requested licenses."

The agreement resolves 10 patent infringement lawsuits that were filed by JCIC in the fall of 2013, which will be dismissed.

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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