MELVILLE, NY--(Marketwired - November 04, 2013) - CopyTele, Inc. ("CTI") (COPY), a company specializing in patent monetization and patent assertion, today announced that it has added a patent covering encrypted cellular communications, to its portfolio of encryption patents. The patent, which originally issued in 2008, covers encrypted point-to-point communications over a cellular communications network, and includes encrypted audio communications between a cell phone and another cell phone, a computer, and other telephonic devices.
Robert Berman, CTI's President and CEO, stated, "With the heightened awareness resulting from government surveillance programs, theft of personal data, and invasions or privacy, consumer interest in secure cellular communications has skyrocketed. CTI developed this encrypted cellular communications technology in-house, and this is yet another example of one of our legacy patents that has significant monetization potential."
Many of the major mobile communications service providers are now offering point to point, encrypted cellular communication networks and services, and there are also many apps available for purchase, that offer point-to-point encryption for the major cell phone platforms such as IOS and Android.
CTI's Encrypted Cellular Communications technology represents the seventh patent portfolio owned or controlled by CTI. Since implementing its new patent assertion business model in January of 2013, CTI now has 2 revenue producing patent portfolios, and 37 active lawsuits across 5 of its patented technology areas including E-Paper Electrophoretic Displays, Nano Field Emission Displays, Key Based Web Conferencing Encryption, Loyalty Conversion Systems and J-Channel Window Frame Construction.
About CopyTele, Inc.
CTI develops and acquires patented technologies for the purposes of patent monetization and patent assertion. The company currently has 7 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, and J-Channel Window Frame Construction. Additional information is available at www.CTIpatents.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 CopyTele'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, 2012 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.
- Technology & Electronics