SOURCE: ITUS Corporation

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September 11, 2014 07:00 ET

ITUS Subsidiary Settles Patent Infringement Lawsuits With Atrium Windows, Pella, Ply Gem, and Simonton

MELVILLE, NY--(Marketwired - September 11, 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 licenses with Atrium Windows and Doors, Inc., Pella Corporation, Ply Gem Industries, Inc., and Simonton Building Products, Inc., all in connection with JCIC's patented J-Channel Window Frame Construction technology.

Robert Berman, ITUS's President and CEO, stated, "Many years have passed since the integrated J-Channel was first introduced to the vinyl window market, and it continues to be an industry standard. We are very happy with the progress that we are making with this assertion campaign, and with the results that we are achieving for the inventor, and our shareholders." 

The Agreement resolves patent infringement lawsuits filed by JCIC in August 2013 against Atrium, Pella, Ply Gem, and Simonton, which will be dismissed. JCIC has now entered into 11 settlement and/or license agreements in connection with its J-Channel Window Frame Construction technology.

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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