LOS ANGELES, CA--(Marketwired - March 16, 2015) - 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 a settlement agreement with Woodgrain Millwork, Inc. and The Windsor Window Company, Inc., in connection with JCIC's patented J-Channel Window Frame Construction technology.
Robert Berman, ITUS's President and CEO, stated, "Despite being hampered by a very crowded Court docket in the Eastern District of Tennessee, we have now entered into 31 J-Channel agreements since we started this assertion campaign back in August of 2013. The remaining defendants from our lawsuits are Clayton Homes, the leading manufactured and modular home manufacturer in the U.S., and its supplier Kinro Manufacturing, which is owned by Clayton. About a month ago, the Tennessee District Court entered its Scheduling Order, allowing for the remaining lawsuits to proceed, and a claims construction hearing is currently scheduled for July 14, 2015."
The Agreement resolves a patent infringement lawsuit, which will be dismissed.
About ITUS Corporation
ITUS develops and acquires patented technologies for the purposes of patent monetization and patent assertion. The company currently has 8 patent portfolios in the areas of Key Based Web Conferencing Encryption, Encrypted Cellular Communications, Nano Field Emission Display ("nFED"), Micro Electro Mechanical Systems Display ("MEMS"), 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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