ITUS Subsidiary Settles Patent Infringement Lawsuit With Silver Line Building Products
MELVILLE, NY--(Marketwired - October 27, 2014) - ITUS Corporation ("ITUS") (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 license agreement with Silver Line Building Products LLC, one of the largest vinyl window manufacturers in North America. This is the 14th agreement that JCIC has entered into with respect to its patented J-Channel Window Frame Construction technology.
Robert Berman, ITUS's President and CEO stated, "We continue to generate revenue from our patented technologies, and are pleased with the progress that we are making with our J-Channel patent assertion campaign."
The agreement resolves a patent infringement lawsuit that was filed by JCIC in the fall of 2013 (E.D. Tenn. Case No. 3:13-cv-606) and all parties to the lawsuit 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 www.ITUScorp.com.
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