CopyTele Files Lawsuits Alleging Theft of Display Technologies Used for
Kindle, Nook, and Other Electronic Devices
MELVILLE, N.Y. & SAN FRANCISCO -- January 28, 2013
CopyTele, Inc. (“CTI”) (OTCBB: COPY) today filed a lawsuit in the Federal
District Court for the Northern District of California against AU Optronics
Corp. and E Ink Holdings, alleging an elaborate scheme to steal valuable,
patented display technologies developed by CopyTele, and used in many popular
consumer electronics devices. The lawsuit, alleging breach of contract, fraud,
conspiracy to monopolize, unfair business practices, antitrust, and other
anti-competitive acts, seeks punitive and treble damages. CTI also filed a
separate patent infringement lawsuit in the Federal District Court for the
Northern District of California against E Ink.
Robert Berman, CTI’s President and CEO stated, “This is a case about two,
multi-billion dollar foreign companies, conspiring to steal valuable, patented
technologies from a small U.S. company, with the intention of causing
significant financial hardship so that CTI could not protect itself and fight
back. When you consider the potential impact of CTI’s technologies on broad
product categories currently dominated by AUO and E Ink such as displays for
televisions, computers, tablets, and eReaders, it is not surprising that they
would want these technologies. CTI now has the resources and expertise
necessary to ensure that AUO and E Ink are held accountable for their
transgressions.” Berman, who previously ran Acacia Research Corporation and
has a successful track record of taking on large companies on behalf of small
inventors, joined CTI as President and CEO in October.
CTI is represented in the lawsuits by San Francisco based Lieff Cabraser
Heimann & Bernstein, who together with the U.S. Justice Department, recently
lead antitrust and unfair competition actions against AU Optronics, resulting
in criminal fines of $500 million, civil settlements of $199.5 million, and
Federal prison sentences for several top AUO officials. AU Optronics is based
in Taiwan and is one of the world’s largest manufacturers of flat panel
displays for televisions, computers, and tablets, including Apple’s iPad. E
Ink, also based in Taiwan, is the world’s largest supplier of electrophoretic
displays including displays for e-Reader products such as Amazon’s Kindle, and
Barnes and Noble’s Nook.
About CopyTele, Inc.
CTI develops and acquires patented technologies for the purposes of patent
monetization and patent assertion. The company currently has patent portfolios
in the areas of Managed Key Encryption, E-Paper® Electrophoretic Displays,
Nano Field Emission Displays, and Micro Electro Mechanical Systems Displays.
Additional information and copies of the Complaints are available at
www.CTIpatents.com and www.CopyTele.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, 2011 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.
Joe Hassett, 610-228-2110
Matt McLoughlin, 610-228-2123
Press spacebar to pause and continue. Press esc to stop.