MELVILLE, NY–(Marketwired – September 11, 2014) – ITUS Corporation (“ITUS“) (ITUS), a company that builds and protects innovation, today announced that its wholly owned subsidiary, J-Channel Industries Corporation (“JCIC”), has entered into licenses with Atrium Windows and Doors, Inc., Pella Corporation, Ply Gem Industries, Inc., and Simonton Building Products, Inc., all in connection with JCIC’s patented J-Channel Window Frame Construction technology.
Robert Berman, ITUS’s President and CEO, stated, “Many years have passed since the integrated J-Channel was first introduced to the vinyl window market, and it continues to be an industry standard. We are very happy with the progress that we are making with this assertion campaign, and with the results that we are achieving for the inventor, and our shareholders.”
The Agreement resolves patent infringement lawsuits filed by JCIC in August 2013 against Atrium, Pella, Ply Gem, and Simonton, which will be dismissed. JCIC has now entered into 11 settlement and/or license agreements in connection with its J-Channel Window Frame Construction technology.
About ITUS Corporation
ITUS develops and acquires patented technologies for the purposes of patent monetization andpatent assertion. The company currently has 10 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, Internet Telephonic Gateway, and Enhanced Auction Technologies. Additional information is available at www.ITUScorp.com.
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