MELVILLE, NY--(Marketwired - June 30, 2014) - CopyTele, Inc. ("CTI") (COPY), a company that protects the rights of inventors through patent monetization and patent assertion, today announced that it has acquired a patent portfolio covering enhanced presentation and cross selling technologies used by some of the world's leading auction sites.
Online auction sites continue to generate billions of dollars in annual revenues, fueled by professional sellers and auction centric businesses that rely on specialized tools to maximize sales. The enhanced presentation tools covered by these patents enable auction sellers to cross sell and upsell additional items to interested buyers, resulting in incremental sales and higher yields per transaction.
Robert Berman, CTI's President and CEO, stated, "One of our goals is to add patents to our arsenal that cover widely used technologies that generate significant revenue. This acquisition meets those criteria, and is expected to contribute to the financial success of our company."
The acquisition represents the 10th patent portfolio owned or controlled by CTI and its subsidiary companies. The companies currently have 33 active lawsuits across 6 patent assertion programs, including E-Paper Electrophoretic Displays, Nano Field Emission Displays, Key Based Web Conferencing Encryption, J-Channel Window Frame Construction, Loyalty Conversion Systems, and Encrypted Cellular Communications. Three of CTI's patent assertion programs have already begun to generate revenue.
About CopyTele, Inc.
CTI 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.CTIpatents.com.
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