CopyTele Files Patent Infringement Lawsuits Against Citrix and Logitech
MELVILLE, NY -- (Marketwired) -- 07/09/13 -- CopyTele, Inc. ("CTI")
(OTCBB: COPY), a company specializing in patent monetization and
patent assertion, today announced that its wholly owned subsidiary,
Secure Web Conference Corporation, filed patent infringement lawsuits
in the Federal District Court for the Eastern District of New York
against Citrix Systems, Inc. (NASDAQ: CTXS), and Logitech
International (NASDAQ: LOGI), in connection with their web
Citrix owns the popular GoToMeetingÂ®, GoToWebinarÂ®, and GoToTrainingÂ®
web conference services, with reported annual sales from its Online
Services division of $511 million for 2012. Logitech purchased web
conference provider LifeSize Communications in 2010 for $379 million,
and reported sales for LifeSize of approximately $148 million for the
last reported fiscal year.
Robert Berman, CTI's President and CEO stated, "CTI invested a
substantial amount of time and money developing our Key Based
Encryption technologies, and these lawsuits are the next steps
towards unlocking their significant, untapped value for our company."
The Citrix and Logitech lawsuits represent the second and third
patent infringement lawsuits filed by CopyTele in connection with its
Key Based Encryption assertion campaign, initially focusing on the $4
Billion web conferencing market. On May 1, 2013, the company filed a
similar patent infringement lawsuit against Microsoft (NASDAQ: MSFT)
in connection with its SKYPE web conference service.
About CopyTele, Inc.
CopyTele develops and acquires patented technologies for the purposes
of patent monetization and patent assertion. The company currently
has 6 patent portfolios in the areas of Key Based Encryption,
E-PaperÂ® Electrophoretic Display, Nano Field Emission Display
("NFED"), Micro Electro Mechanical Systems Display ("MEMS"), Loyalty
Point Conversion Systems, and Window Frame Construction. Additional
information is available at www.CTIpatents.com.
Forward-Looking Statements: Statements that are not historical fact
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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.
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including those concerning our expectations, involve risks,
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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.
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