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MPLS

Patent Monetization Firm Sues AT&T on VPNs

MELVILLE, N.Y. -- 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.

The complaints allege infringement of United States Patent Number 8,477,778 (the ” ’778 Patent”) entitled “Applying Multicast Protocols and VPN Tunneling Techniques to Achieve High Quality of Service for Real Time Media Transport Across IP Networks.”

Robert Berman, ITUS’s President and CEO stated, “These lawsuits mark the 8th patented technology for which we have initiated lawsuits, as we continue to implement our strategy of diversification across a broad range of technologies.”

Since January of 2012, ITUS has initiated 47 lawsuits across 8 patented technologies, and has generated revenue from 31 licenses and/or settlements.

ITUS Corp.

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