MELVILLE, NY – July 9, 2013: — CopyTele, Inc. (“CTI“) (OTCQB: 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 conferencing services.
Citrix owns the popular GoToMeeting®, GoToWebinar®, and GoToTraining® 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-Paper® 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.
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