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ITUS Subsidiary Receives Favorable Ruling in Microsoft Patent Dispute

Wednesday, October 01, 2014

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 parties 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.

Robert Berman, ITUS's President and CEO stated, "The inter parties review process is relatively new, and there have not been a lot of instances where the USPTO has declined to grant a petition based upon allegations such as those asserted by Microsoft. We are extremely encouraged by this result, which we believe is a testament to the skill of our legal team, and the quality of our patent.”

An inter parties review is a proceeding created by the America Invents Act, in which a defendant has the opportunity to request that the USPTO review a patent’s validity. Denials of an inter parties review petitions are rare, with more than 75% of all petitions being granted thus far. SWCC has a patent infringement lawsuit pending against Microsoft in the U.S. District Court for the Eastern District of New York, alleging infingement of Microsoft’s SKYPE and Lync, web conferencing services. A claims constructuion hearing in the patent infringement lawsuit took place on September 23, 2014.

About ITUS Corporation

ITUS develops and acquires patented technologies for the purposes of patent monetization and patent assertion. The company currently has 10 patent portfolios in the areas of Key Based Web Conferencing Encryption, Encrypted Cellular Communications, E-Paper® Electrophoretic Display, Nano Field Emission Display ("nFED"), Micro Electro Mechanical Systems Display ("MEMS"), Loyalty Conversion Systems, J-Channel Window Frame Construction, VPN Multicast Communications, Internet Telephonic Gateway, and Enhanced Auction Technologies. Additional information is available at

Forward-Looking Statements: Statements that are not historical fact may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not statements of historical facts, but rather reflect ITUS Corporation's current expectations concerning future events and results. We generally use the words "believes," "expects," "intends," "plans," "anticipates," "likely," "will" and similar expressions to identify forward-looking statements. Such forward-looking statements, including those concerning our expectations, involve risks, uncertainties and other factors, some of which are beyond our control, which may cause our actual results, performance or achievements, or industry results, to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. These risks, uncertainties and factors include, but are not limited to, those factors set forth in "Item 1A - Risk Factors" and other sections of our Annual Report on Form 10-K for the fiscal year ended October 31, 2013 as well as in our Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. You are cautioned not to unduly rely on such forward-looking statements when evaluating the information presented in this press release.

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