MELVILLE, NY--(Marketwired - November 19, 2013) - CopyTele, Inc. ("CTI") (OTCQB: COPY), a company specializing in patent monetization and patent assertion, today announced that it has acquired 2 patent portfolios in the rapidly expanding area of Unified Communications.
The first portfolio covers the multicast, Internet delivery of streaming data, media, and other content to large numbers of recipients, within the confines of specialized virtual private networks ("VPN's). Multicasting is a commonly used content delivery protocol that enables several recipients to simultaneous receive content from a single Internet transmission, greatly reducing Internet bandwidth costs. When combined with specialized VPN's, the content and communications are protected from unwanted disclosure and piracy. Applications for these live, VPN multicast communications include videoconferences, online training and e-learning classes, Internet television, web-based corporate events and strategy sessions, and other live transmissions of sensitive or protected content.
The second portfolio covers the integration of telephonic participation in web-based audio/video conferences by creating a gateway between the Internet, and cellular or traditional landline telephones. The end result is that participants can join and participate in online, audio/video conferences via a cellular or conventional telephone. This Internet telephonic gateway technology is commonly used for web based, audio/video events with broad based audience participation such as earnings calls, webinars, and virtual town hall meetings.
Robert Berman, CTI's President and CEO stated, "As previously announced, our intention is to aggregate patents across a diverse group of technology areas where we see significant infringement, both now and in the future. Both the VPN Multicast Communications technology and the Internet Telephonic Gateway technology meet these criteria. With the addition of these 2 portfolios, we now own or control 9 patent portfolios with significant monetization potential."
Unified Communications is a term used to describe the convergence of audio/video web conferencing, telephony, instant messaging, and other data sharing and communications services into an integrated, inter-operating system. Estimates indicate that the global Unified Communications market is expected to grow from $22 billion in 2011, to over $60 billion by 2018. Dominant companies in the UC space include Cisco, IBM, Adobe, Microsoft, Oracle, Google, AT&T, Avaya, Siemens, Alacatel-Lucent, and many others.
Since implementing its new patent assertion business model in January of 2013, CTI has entered into 4 revenue producing licenses from 2 of its patent portfolios, 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.
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.
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.