Itus Corp. (ITUS) 0.0900 $ITUS
ITUS Releases Operating Results for Fiscal 2014
Marketwired - Thu Jan 29, 3:20PM CST
ITUS Corporation ("ITUS"
(OTCQB: ITUS), a company that builds and protects innovation, today filed its Annual Report with the Securities and Exchange Commission reporting its financial results for the fiscal year ending October 31, 2014. Highlights include revenue of $3,667,320, an 840% increase over fiscal 2013, and a 25% reduction in cash used in operating activities to $2,379,261. Shareholders equity on October 31, 2014 increased to $4,009,573, a $7.3 million increase over October 31, 2013.
ITUS Appeals Microsoft Claims Construction Ruling
Marketwired - Thu Jan 22, 6:01AM CST
ITUS Corporation ("ITUS" (OTCQB: ITUS), a company that builds and protects innovation, today announced that its wholly owned subsidiary, Secure Web Conference Corporation ("SWCC" , has filed a notice of appeal with the U.S. District Court in the Eastern District of New York. This notice is the first step of the process of filing its appeal in the U.S. Court of Appeals for the Federal Circuit, in connection with the October 3, 2014 claims construction ruling in its patent infringement lawsuit against Microsoft Corporation. In the lawsuit, SWCC alleged that certain calls made using Microsoft's Skype® and Lync® web conferencing services are covered by SWCC's Key Based Web Conferencing Encryption patents.
MSFT: 43.87 (+0.78)
ITUS Settles Lawsuit With AU Optronics
Marketwired - Mon Jan 05, 5:00AM CST
ITUS Corporation ("ITUS" (OTCQB: ITUS), a company that builds and protects innovation, today announced that it has settled its lawsuit against AU Optronics Corporation ("AUO" . The settlement includes cash payments from AUO to ITUS totaling $9 million, the termination of AUO's rights to ITUS's patented Nano Field Emission Display ("nFED" technology, and the transfer of ITUS's electrophoretic display patent portfolio to AUO.
AUO: 5.45 (-0.14)
ITUS Subsidiary Enters Into Settlement Agreement With Weather Shield
Marketwired - Tue Nov 11, 6:02AM CST
ITUS Corporation ("ITUS" (OTCQB: ITUS), a company that builds and protects innovation, today announced that its wholly owned subsidiary, J-Channel Industries Corporation ("JCIC" , has entered into a settlement and license agreement with Weather Shield Mfg., Inc., in connection with JCIC's patented J-Channel Window Frame Construction technology.
ITUS Subsidiary Files Patent Infringement Lawsuits Against AT&T and Dimension Data
Marketwired - Tue Nov 04, 6:04AM CST
ITUS Corporation ("ITUS" (OTCQB: ITUS), a company that builds and protects innovation, today announced that its wholly owned subsidiary, VPN Multicast Technologies, LLC ("VMT" , has filed patent infringement lawsuits against AT&T, and Dimension Data LLC, in connection with VMT's patented VPN Multicast Communications technology. The lawsuits were filed in the U.S. District Court for the Eastern District of Texas.
ITUS Subsidiary Resolves 15 J-Channel Patent Infringement Disputes
Marketwired - Mon Nov 03, 6:02AM CST
ITUS Corporation ("ITUS" (OTCQB: ITUS), a company that builds and protects innovation, today announced that its wholly owned subsidiary, J-Channel Industries Corporation ("JCIC" , entered into a settlement and/or license agreement with 15 companies that are extruders, manufacturers, and/or retailers of vinyl windows with JCIC's patented J-Channel Window Frame Construction technology. The companies include American Builders & Contractors Supply Co., Inc. (ABC Supply), Deceuninck North America, LLC, VEKA, Inc., L.B. Plastics, Inc., Chelsea Building Products, Inc., Moss Supply Company, Vinylmax, LLC, Wincore Window Company, LLC, Associated Materials, LLC, Comfort View Products, LLC, Croft, LLC, Magnolia Windows & Doors, LLC, MGM Industries, Inc., Sun Windows, Inc., and West Window Corporation. JCIC has now entered into 29 settlement and/or license agreements with respect to its patented J-Channel Window Frame Construction technology.
ITUS Announces up to $5 MM Stock Repurchase Program
Marketwired - Wed Oct 29, 6:02AM CDT
ITUS Corporation ("ITUS" (OTCQB: ITUS), a company that builds and protects innovation, announced today that its Board of Directors has authorized an up to $5 million stock repurchase program. The authorization allows for the repurchase of up to $5 million of the Company's common stock over the next two years. The stock repurchase authorization permits shares to be repurchased in open market transactions pursuant to Rule 10b-18 or private transactions, has a two year time limit, and may be discontinued at any time.
AUO: 5.45 (-0.14)
ITUS Subsidiary Settles Patent Infringement Lawsuit With Silver Line Building Products
Marketwired - Mon Oct 27, 6:01AM CDT
ITUS Corporation ("ITUS" (OTCQB: ITUS), a company that builds and protects innovation, today announced that its wholly owned subsidiary, J-Channel Industries Corporation ("JCIC" , entered into a settlement and license agreement with Silver Line Building Products LLC, one of the largest vinyl window manufacturers in North America. This is the 14th agreement that JCIC has entered into with respect to its patented J-Channel Window Frame Construction technology.
ITUS Subsidiary Receives Claims Construction Ruling
Marketwire - Fri Oct 03, 6:00AM CDT
ITUS Corporation ("ITUS" (OTCQB: ITUS), a company that builds and protects innovation, today announced that its wholly owned subsidiary, Secure Web Conference Corporation ("SWCC" , received a unfavorable ruling from the US District Court for the Eastern District of New York in its patent infringement lawsuit against Microsoft Corporation in connection with SWCC's patented Key Based Web Conferencing Encryption technology. In its claims construction ruling, the Court construed several key patent claim terms in a manner adverse to SWCC.
MSFT: 43.87 (+0.78)
ITUS Subsidiary Enters Into Settlement Agreement With Quaker Windows
Marketwire - Thu Oct 02, 6:01AM CDT
ITUS Corporation ("ITUS" (OTCQB: ITUS), a company that builds and protects innovation, today announced that its wholly owned subsidiary, J-Channel Industries Corporation ("JCIC" , has entered into a license agreement with Quaker Window Products Co. Inc., in connection with JCIC's patented J-Channel Window Frame Construction technology. The Agreement resolves the patent infringement lawsuit filed against Quaker on October 9, 2013, which will be dismissed.
AUO: 5.45 (-0.14)
ITUS Subsidiary Receives Favorable Ruling in Microsoft Patent Dispute
Marketwire - Wed Oct 01, 6:01AM CDT
ITUS Corporation ("ITUS" (OTCQB: ITUS), a company that builds and protects innovation, today announced that its wholly owned subsidiary, Secure Web Conference Corporation ("SWCC" , received a favorable ruling from the United States Patent and Trademark Office ("USPTO" in an inter partes review proceeding in connection with one of SWCC's Key Based Web Conferencing Encryption patents (U.S. Pat. No. 6,856,687). The USPTO denied Microsoft's attempt to invalidate the '687 patent, which is part of a family of encryption patents developed in-house at ITUS.
ITUS Announces Patent Infringement Lawsuit Against Apple
Marketwire - Thu Sep 18, 6:01AM CDT
ITUS Corporation ("ITUS" (OTCQB: ITUS), a company that builds and protects innovation, today announced that its wholly owned subsidiary, Secure Web Conference Corporation ("SWCC" , filed a patent infringement lawsuit in the U.S. District Court for the Eastern District of New York against Apple Inc., in connection with SWCC's patented Key Based Web Conferencing Encryption technology. Apple's FaceTime video service debuted in 2010, and has been available via hundreds of millions of devices including iPhones (since the fourth generation iPhone), iPads (since the iPad 2), iPod Touches (since the fourth generation iPod), and all Macintosh desktop and laptop computers running OSX or later.
AAPL: 127.08 (+0.62)
ITUS Subsidiary Enters Into Settlement Agreement With Jeld-Wen
Marketwire - Tue Sep 16, 6:01AM CDT
ITUS Corporation ("ITUS" (OTCQB: ITUS), a company that builds and protects innovation, today announced that its wholly owned subsidiary, J-Channel Industries Corporation ("JCIC" , has entered into a license agreement with Jeld-Wen, Inc., in connection with JCIC's patented J-Channel Window Frame Construction technology.
ITUS Subsidiary Settles Patent Infringement Lawsuits With Atrium Windows, Pella, Ply Gem, and Simonton
Marketwire - Thu Sep 11, 6:01AM CDT
ITUS Corporation ("ITUS" (OTCQB: 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.
ITUS Restructures Convertible Debt
Marketwire - Wed Sep 10, 6:01AM CDT
ITUS Corporation (the "Company" (OTCQB: ITUS), a company that builds and protects innovation, today announced that it has exchanged $3.5 million of its convertible debt owed to Adaptive Capital LLC into shares of common stock and Series A Preferred Stock. The Preferred Stock does not provide for a dividend, and is convertible into shares of the Company's common stock. The transaction will result in a positive adjustment to the Company's Shareholder's Equity of approximately $3.8M.
ITUS Subsidiary Files Patent Infringement Lawsuits Against Ebay, Vendio & Auctiva
Marketwire - Mon Sep 08, 6:01AM CDT
ITUS Corporation ("ITUS" (OTCQB: ITUS), a company that builds and protects innovation, today announced that its wholly owned subsidiary, Auction Acceleration Corporation ("AAC" has filed patent infringement lawsuits against Ebay, Vendio, and Auctiva, in connection with AAC's Enhanced Auction Technologies patents. Vendio and Auctiva are part of Alibaba Group, one of the the largest online and mobile commerce companies in the world.
ITUS and Videocon Enter Into Termination Agreement and Agree to Effectuate Return of ITUS Shares
Marketwire - Wed Sep 03, 4:21PM CDT
ITUS Corporation (OTCQB: ITUS), a company that builds and protects innovation, today announced that its predecessor company, CopyTele, Inc. has agreed to amicably end its arrangement with Videocon Industries Limited, resulting in the termination of the Amended and Restated Technology License Agreement entered into by the parties on May 16, 2008, and terminating Videocon's rights to ITUS's valuable Nano Field Emission Display technology. Corresponding $5 million loans that were made by affiliates of ITUS and Videocon in connection with the 2008 transactions are also being cancelled, resulting in a positive adjustment to ITUS's shareholders equity of approximately $850,000, and the return of 20 million shares of ITUS stock that was pledged in connection with the loans.
AUO: 5.45 (-0.14)
ITUS Releases Operating Results for Fiscal 2014
Marketwired - Thu Jan 29, 3:20PM CST
ITUS Corporation ("ITUS"
(OTCQB: ITUS), a company that builds and protects innovation, today filed its Annual Report with the Securities and Exchange Commission reporting its financial results for the fiscal year ending October 31, 2014. Highlights include revenue of $3,667,320, an 840% increase over fiscal 2013, and a 25% reduction in cash used in operating activities to $2,379,261. Shareholders equity on October 31, 2014 increased to $4,009,573, a $7.3 million increase over October 31, 2013. ITUS Appeals Microsoft Claims Construction Ruling
Marketwired - Thu Jan 22, 6:01AM CST
ITUS Corporation ("ITUS"
(OTCQB: ITUS), a company that builds and protects innovation, today announced that its wholly owned subsidiary, Secure Web Conference Corporation ("SWCC" , has filed a notice of appeal with the U.S. District Court in the Eastern District of New York. This notice is the first step of the process of filing its appeal in the U.S. Court of Appeals for the Federal Circuit, in connection with the October 3, 2014 claims construction ruling in its patent infringement lawsuit against Microsoft Corporation. In the lawsuit, SWCC alleged that certain calls made using Microsoft's Skype® and Lync® web conferencing services are covered by SWCC's Key Based Web Conferencing Encryption patents. MSFT: 43.87 (+0.78)
ITUS Settles Lawsuit With AU Optronics
Marketwired - Mon Jan 05, 5:00AM CST
ITUS Corporation ("ITUS"
(OTCQB: ITUS), a company that builds and protects innovation, today announced that it has settled its lawsuit against AU Optronics Corporation ("AUO" . The settlement includes cash payments from AUO to ITUS totaling $9 million, the termination of AUO's rights to ITUS's patented Nano Field Emission Display ("nFED" technology, and the transfer of ITUS's electrophoretic display patent portfolio to AUO. AUO: 5.45 (-0.14)
ITUS Subsidiary Enters Into Settlement Agreement With Weather Shield
Marketwired - Tue Nov 11, 6:02AM CST
ITUS Corporation ("ITUS"
(OTCQB: ITUS), a company that builds and protects innovation, today announced that its wholly owned subsidiary, J-Channel Industries Corporation ("JCIC" , has entered into a settlement and license agreement with Weather Shield Mfg., Inc., in connection with JCIC's patented J-Channel Window Frame Construction technology. ITUS Subsidiary Files Patent Infringement Lawsuits Against AT&T and Dimension Data
Marketwired - Tue Nov 04, 6:04AM CST
ITUS Corporation ("ITUS"
(OTCQB: ITUS), a company that builds and protects innovation, today announced that its wholly owned subsidiary, VPN Multicast Technologies, LLC ("VMT" , has filed patent infringement lawsuits against AT&T, and Dimension Data LLC, in connection with VMT's patented VPN Multicast Communications technology. The lawsuits were filed in the U.S. District Court for the Eastern District of Texas. ITUS Subsidiary Resolves 15 J-Channel Patent Infringement Disputes
Marketwired - Mon Nov 03, 6:02AM CST
ITUS Corporation ("ITUS"
(OTCQB: ITUS), a company that builds and protects innovation, today announced that its wholly owned subsidiary, J-Channel Industries Corporation ("JCIC" , entered into a settlement and/or license agreement with 15 companies that are extruders, manufacturers, and/or retailers of vinyl windows with JCIC's patented J-Channel Window Frame Construction technology. The companies include American Builders & Contractors Supply Co., Inc. (ABC Supply), Deceuninck North America, LLC, VEKA, Inc., L.B. Plastics, Inc., Chelsea Building Products, Inc., Moss Supply Company, Vinylmax, LLC, Wincore Window Company, LLC, Associated Materials, LLC, Comfort View Products, LLC, Croft, LLC, Magnolia Windows & Doors, LLC, MGM Industries, Inc., Sun Windows, Inc., and West Window Corporation. JCIC has now entered into 29 settlement and/or license agreements with respect to its patented J-Channel Window Frame Construction technology. ITUS Announces up to $5 MM Stock Repurchase Program
Marketwired - Wed Oct 29, 6:02AM CDT
ITUS Corporation ("ITUS"
(OTCQB: ITUS), a company that builds and protects innovation, announced today that its Board of Directors has authorized an up to $5 million stock repurchase program. The authorization allows for the repurchase of up to $5 million of the Company's common stock over the next two years. The stock repurchase authorization permits shares to be repurchased in open market transactions pursuant to Rule 10b-18 or private transactions, has a two year time limit, and may be discontinued at any time. AUO: 5.45 (-0.14)
ITUS Subsidiary Settles Patent Infringement Lawsuit With Silver Line Building Products
Marketwired - Mon Oct 27, 6:01AM CDT
ITUS Corporation ("ITUS"
(OTCQB: ITUS), a company that builds and protects innovation, today announced that its wholly owned subsidiary, J-Channel Industries Corporation ("JCIC" , entered into a settlement and license agreement with Silver Line Building Products LLC, one of the largest vinyl window manufacturers in North America. This is the 14th agreement that JCIC has entered into with respect to its patented J-Channel Window Frame Construction technology. ITUS Subsidiary Receives Claims Construction Ruling
Marketwire - Fri Oct 03, 6:00AM CDT
ITUS Corporation ("ITUS"
(OTCQB: ITUS), a company that builds and protects innovation, today announced that its wholly owned subsidiary, Secure Web Conference Corporation ("SWCC" , received a unfavorable ruling from the US District Court for the Eastern District of New York in its patent infringement lawsuit against Microsoft Corporation in connection with SWCC's patented Key Based Web Conferencing Encryption technology. In its claims construction ruling, the Court construed several key patent claim terms in a manner adverse to SWCC. MSFT: 43.87 (+0.78)
ITUS Subsidiary Enters Into Settlement Agreement With Quaker Windows
Marketwire - Thu Oct 02, 6:01AM CDT
ITUS Corporation ("ITUS"
(OTCQB: ITUS), a company that builds and protects innovation, today announced that its wholly owned subsidiary, J-Channel Industries Corporation ("JCIC" , has entered into a license agreement with Quaker Window Products Co. Inc., in connection with JCIC's patented J-Channel Window Frame Construction technology. The Agreement resolves the patent infringement lawsuit filed against Quaker on October 9, 2013, which will be dismissed. AUO: 5.45 (-0.14)
ITUS Subsidiary Receives Favorable Ruling in Microsoft Patent Dispute
Marketwire - Wed Oct 01, 6:01AM CDT
ITUS Corporation ("ITUS"
(OTCQB: ITUS), a company that builds and protects innovation, today announced that its wholly owned subsidiary, Secure Web Conference Corporation ("SWCC" , received a favorable ruling from the United States Patent and Trademark Office ("USPTO" in an inter partes review proceeding in connection with one of SWCC's Key Based Web Conferencing Encryption patents (U.S. Pat. No. 6,856,687). The USPTO denied Microsoft's attempt to invalidate the '687 patent, which is part of a family of encryption patents developed in-house at ITUS. ITUS Announces Patent Infringement Lawsuit Against Apple
Marketwire - Thu Sep 18, 6:01AM CDT
ITUS Corporation ("ITUS"
(OTCQB: ITUS), a company that builds and protects innovation, today announced that its wholly owned subsidiary, Secure Web Conference Corporation ("SWCC" , filed a patent infringement lawsuit in the U.S. District Court for the Eastern District of New York against Apple Inc., in connection with SWCC's patented Key Based Web Conferencing Encryption technology. Apple's FaceTime video service debuted in 2010, and has been available via hundreds of millions of devices including iPhones (since the fourth generation iPhone), iPads (since the iPad 2), iPod Touches (since the fourth generation iPod), and all Macintosh desktop and laptop computers running OSX or later. AAPL: 127.08 (+0.62)
ITUS Subsidiary Enters Into Settlement Agreement With Jeld-Wen
Marketwire - Tue Sep 16, 6:01AM CDT
ITUS Corporation ("ITUS"
(OTCQB: ITUS), a company that builds and protects innovation, today announced that its wholly owned subsidiary, J-Channel Industries Corporation ("JCIC" , has entered into a license agreement with Jeld-Wen, Inc., in connection with JCIC's patented J-Channel Window Frame Construction technology. ITUS Subsidiary Settles Patent Infringement Lawsuits With Atrium Windows, Pella, Ply Gem, and Simonton
Marketwire - Thu Sep 11, 6:01AM CDT
ITUS Corporation ("ITUS"
(OTCQB: 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. ITUS Restructures Convertible Debt
Marketwire - Wed Sep 10, 6:01AM CDT
ITUS Corporation (the "Company"
(OTCQB: ITUS), a company that builds and protects innovation, today announced that it has exchanged $3.5 million of its convertible debt owed to Adaptive Capital LLC into shares of common stock and Series A Preferred Stock. The Preferred Stock does not provide for a dividend, and is convertible into shares of the Company's common stock. The transaction will result in a positive adjustment to the Company's Shareholder's Equity of approximately $3.8M. ITUS Subsidiary Files Patent Infringement Lawsuits Against Ebay, Vendio & Auctiva
Marketwire - Mon Sep 08, 6:01AM CDT
ITUS Corporation ("ITUS"
(OTCQB: ITUS), a company that builds and protects innovation, today announced that its wholly owned subsidiary, Auction Acceleration Corporation ("AAC" has filed patent infringement lawsuits against Ebay, Vendio, and Auctiva, in connection with AAC's Enhanced Auction Technologies patents. Vendio and Auctiva are part of Alibaba Group, one of the the largest online and mobile commerce companies in the world. ITUS and Videocon Enter Into Termination Agreement and Agree to Effectuate Return of ITUS Shares
Marketwire - Wed Sep 03, 4:21PM CDT
ITUS Corporation (OTCQB: ITUS), a company that builds and protects innovation, today announced that its predecessor company, CopyTele, Inc. has agreed to amicably end its arrangement with Videocon Industries Limited, resulting in the termination of the Amended and Restated Technology License Agreement entered into by the parties on May 16, 2008, and terminating Videocon's rights to ITUS's valuable Nano Field Emission Display technology. Corresponding $5 million loans that were made by affiliates of ITUS and Videocon in connection with the 2008 transactions are also being cancelled, resulting in a positive adjustment to ITUS's shareholders equity of approximately $850,000, and the return of 20 million shares of ITUS stock that was pledged in connection with the loans.
AUO: 5.45 (-0.14)
