MELVILLE, NY --(Marketwired - January 28, 2014) - CopyTele, Inc. ("CTI") (COPY), a company specializing in patent monetization and patent assertion, today announced that it has been awarded two additional display patents in connection with its Nano Field Emission Display ("nFED") technology.
U.S. Patent No. 8,552,632 covers a process of producing a field emission display, which incorporates thin-film transistor technology, phosphor and cold cathode emitters on a first substrate, and special Nano material on a second substrate. The space between the two substrates is evacuated and then filled with an ionizable noble gas. U.S. Patent No. 8,604,680 covers the use of nanostructure emitters in conjunction with CTI's reflection field emission display technology.
CTI now has 26 U.S. patents in its nFED arsenal of patents, which are subject to an ongoing arbitration proceeding against AU Optronics Corp. A three person panel of arbitrators has been selected by the parties, and a scheduling order for the proceeding, including a date for the arbitration, is expected to be issued soon.
CTI and now has 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. Since implementing its new business model in January of 2013, the company has acquired 4 additional patent portfolios, and has generated licensing revenue from 2 of its patent assertion campaigns.
About CopyTele, Inc.
CTI develops and acquires patented technologies for the purposes of patent monetization and patent assertion. The company currently has 9 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, and Internet Telephonic Gateway. Additional information is available at www.CTIpatents.com.
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, 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.