ITUS Corp. Sells Window Frame Tech to Jeld-Wen

September 16th, 2014 by Editor

ITUS Corp. announced that its wholly owned subsidiary, J-Channel Industries Corp. (JCIC), has entered into a license agreement with Jeld-Wen, Inc., in connection with JCIC’s patented J-Channel window frame construction technology.

“In the past seven days alone, we have entered into five revenue producing license agreements, and launched our seventh patent assertion program against eBay and the Alibaba companies,” says Robert Berman, ITUS’s president and CEO. “It’s amazing to see our talented team reunite, and so quickly rekindle the spark that leads to success. The momentum is beginning to build, good things are happening, and it’s an exciting time for our company and its shareholders.”

The agreement resolves the patent infringement lawsuit filed against Jeld-Wen and Lowe’s on August 7, 2013, which will be dismissed.

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