MELVILLE, NY--(Marketwired - March 31, 2014) - CopyTele, Inc. ("CTI") (COPY), a company that protects the rights of inventors through patent monetization and patent assertion, today announced that its wholly owned subsidiary, J-Channel Industries Corporation ("JCIC"), has entered into a license and settlement agreement with MI Windows and Doors, LLC, one of the nation's largest suppliers of vinyl and aluminum windows and doors, in connection with JCIC's patented J-Channel Window Frame Construction technology.
The license is the sixth license for the J-Channel Window Frame Construction technology, and resolves the patent infringement lawsuit filed against MI Windows and Doors on October 9, 2013, which will be dismissed.
In 2012, as part of their annual rankings, Window and Door Magazine, a leading trade publication, ranked MI Windows and Doors as one of North America's top 20 largest manufacturers of residential windows, doors and/or skylights based on sales volume. Estimates indicate that more than 10 million J-Channel windows are sold in the U.S. each year.
In total, CTI and its subsidiary companies have entered into 7 revenue producing licensing agreements, and currently have 34 active lawsuits across 5 patented technologies including E-Paper Electrophoretic Displays, Nano Field Emission Displays, Key Based Web Conferencing Encryption, J-Channel Window Frame Construction, and Loyalty Conversion Systems.
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.
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