<SEC-DOCUMENT>0001157523-11-003443.txt : 20110531
<SEC-HEADER>0001157523-11-003443.hdr.sgml : 20110530
<ACCEPTANCE-DATETIME>20110531084517
ACCESSION NUMBER:		0001157523-11-003443
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20110527
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20110531
DATE AS OF CHANGE:		20110531

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			COPYTELE INC
		CENTRAL INDEX KEY:			0000715446
		STANDARD INDUSTRIAL CLASSIFICATION:	COMPUTER PERIPHERAL EQUIPMENT, NEC [3577]
		IRS NUMBER:				112622630
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-11254
		FILM NUMBER:		11879730

	BUSINESS ADDRESS:	
		STREET 1:		900 WALT WHITMAN RD
		CITY:			MELVILLE
		STATE:			NY
		ZIP:			11747
		BUSINESS PHONE:		5165495900

	MAIL ADDRESS:	
		STREET 1:		900 WALT WHITMAN ROAD
		CITY:			MELVILLE
		STATE:			NY
		ZIP:			11747
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a6741247.htm
<DESCRIPTION>COPYTELE, INC. 8-K
<TEXT>
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      <font style="font-family: Times New Roman; font-size: 12pt"><b>UNITED
      STATES</b></font><b><font style="font-family: Times New Roman; font-size: 12pt"><br style="font-size: 12pt; font-family: Times New Roman"></font><font style="font-family: Times New Roman; font-size: 12pt">SECURITIES
      AND EXCHANGE COMMISSION</font></b><font style="font-size: 12pt"><br style="font-size: 12pt"></font><font style="font-family: Times New Roman; font-size: 12pt"><b>WASHINGTON,
      DC 20549</b></font><br><br><br><font style="font-family: Times New Roman; font-size: 16pt"><b>FORM
      8-K</b></font><br><br><br><font style="font-family: Times New Roman; font-size: 12pt"><b>CURRENT
      REPORT PURSUANT</b></font><br><font style="font-family: Times New Roman; font-size: 12pt"><b>TO
      SECTION 13 OR 15(D) OF THE</b></font><br><font style="font-family: Times New Roman; font-size: 12pt"><b>SECURITIES
      EXCHANGE ACT OF 1934</b></font><br><br><br>
    </p>
    <p style="text-indent: 30.0px; text-align: left">
      <font style="font-family: Times New Roman; font-size: 10pt">Date of
      Report (Date of earliest event reported): &#160;&#160;May 27, 2011</font><font style="font-family: Times New Roman; font-size: 10pt"><br style="font-size: 10pt; font-family: Times New Roman"></font><br>
    </p>
<div style="text-align:left">
    <table cellspacing="0" style="margin-bottom: 10.0px; font-family: Times New Roman; font-size: 10pt; width: 100%">
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        <td style="border-bottom: solid black 1.0pt; text-align: center; padding-left: 0.0px" valign="top">
          CopyTele, Inc.
        </td>
      </tr>
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        <td style="text-align: center; padding-left: 0.0px" valign="top">
          (Exact Name of Registrant as Specified in Its Charter)
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: justify">
      <br>

    </p>
<div style="text-align:left">
    <table cellspacing="0" style="margin-bottom: 10.0px; font-family: Times New Roman; font-size: 10pt; width: 100%">
      <tr>
        <td style="border-bottom: solid black 1.0pt; text-align: center; padding-left: 0.0px" valign="top">
          Delaware
        </td>
      </tr>
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        <td style="text-align: center; padding-left: 0.0px" valign="top">
          (State or Other Jurisdiction of Incorporation)
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: justify">
      <br>

    </p>
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    <table cellspacing="0" style="margin-bottom: 10.0px; font-family: Times New Roman; font-size: 10pt; width: 100%">
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        <td style="border-bottom: solid black 1.0pt; text-align: center; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px; width: 50%" valign="top">
          1-11254
        </td>
        <td style="border-bottom: solid black 1.0pt; text-align: center; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px; width: 50%" valign="top">
          11-2622630
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px; width: 50%" valign="top">
          (Commission File Number)
        </td>
        <td style="text-align: center; padding-left: 0.0px; width: 50%" valign="top">
          (IRS Employer Identification No.)
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: justify">
      <br>

    </p>
<div style="text-align:left">
    <table cellspacing="0" style="margin-bottom: 10.0px; font-family: Times New Roman; font-size: 10pt; width: 100%">
      <tr>
        <td style="border-bottom: solid black 1.0pt; text-align: center; padding-left: 0.0px; width: 50%" valign="top">
          900 Walt Whitman Road, Melville, NY
        </td>
        <td style="border-bottom: solid black 1.0pt; text-align: center; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px; width: 50%" valign="top">
          11747
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px; width: 50%" valign="top">
          (Address of Principal Executive Offices)
        </td>
        <td style="text-align: center; padding-left: 0.0px; width: 50%" valign="top">
          (Zip Code)
        </td>
      </tr>
    </table>
    </div>
    <p>
      <br>

    </p>
<div style="text-align:left">
    <table cellspacing="0" style="margin-bottom: 10.0px; font-family: Times New Roman; font-size: 10pt; width: 100%">
      <tr>
        <td style="border-bottom: solid black 1.0pt; text-align: center; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="top">
          (631) 549-5900
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="top">
          (Registrant&#8217;s Telephone Number, Including Area Code)
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: left">
      <br>

    </p>
<div style="text-align:left">
    <table cellspacing="0" style="margin-bottom: 10.0px; font-family: Times New Roman; font-size: 10pt; width: 100%">
      <tr>
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          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="top">
          (Former Name or Former Address, if Changed Since Last Report)
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: justify">
      <br>

    </p>
    <p style="text-indent: 30.0px; font-size: 10pt">
      <font style="font-size: 10pt; font-family: Times New Roman">Check the
      appropriate box below if the Form 8-K filing is intended to
      simultaneously satisfy the filing obligation of the registrant under any
      of the following provisions </font>(<i>see</i> General Instruction A.2
      below)<font style="font-size: 10pt; font-family: Times New Roman">:</font>
    </p>
    <p style="text-indent: 30.0px; font-size: 10pt">
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      &#160;&#160;&#160;<font style="font-size: 10pt; font-family: Times New Roman">Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font>
    </p>
    <p style="text-indent: 30.0px; font-size: 10pt">
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      &#160;&#160;&#160;<font style="font-size: 10pt; font-family: Times New Roman">Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font>
    </p>
    <p style="text-indent: 30.0px; font-size: 10pt">
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      &#160;&#160;&#160;<font style="font-size: 10pt; font-family: Times New Roman">Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))</font>
    </p>
    <p style="text-indent: 30.0px; font-size: 10pt">
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      &#160;&#160;&#160;<font style="font-size: 10pt; font-family: Times New Roman">Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c))</font>
    </p>
    <p style="text-indent: 30.0px; font-size: 10pt">

    </p>
    <div style="margin-bottom: 10pt; margin-right: 0pt; text-indent: 0pt; margin-left: 0pt; width: 100%">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="font-family: Times New Roman; font-size: 10pt; text-align: center">
          1
        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p>
      <b>Section 1 &#8211; Registrant&#8217;s Business and Operations</b>
    </p>
    <p>
      <b>Item 1.01 Entry Into a Material Definitive Agreement.</b>
    </p>
    <p>
      On May 27, 2011, CopyTele, Inc. (&#8220;CopyTele&#8221;) entered into an Exclusive
      License Agreement (the &#8220;EPD License Agreement&#8221;) with AU Optronics Corp.,
      a Taiwanese company (&#8220;AUO&#8221;).&#160;&#160;Under the EPD License Agreement, CopyTele
      provides AUO with an exclusive, non-transferable, worldwide license of
      CopyTele&#8217;s E-Paper <sup>&#174;</sup> display patents and
      technology (the &#8220;EPD Licensed Technology&#8221;), for AUO (or an AUO
      affiliate) to produce, market and sell products containing the EPD
      Licensed Technology, with the right to sublicense the technology to
      third parties.&#160;&#160;CopyTele retains the non-exclusive right to use the EPD
      Licensed Technology in a non-competitive manner.
    </p>
    <p>
      On May 27, 2011, CopyTele and AUO also entered into a License Agreement
      (the &#8220;Nano Display License Agreement&#8221;).&#160;&#160;Under the Nano Display License
      Agreement, CopyTele provides AUO with a non-exclusive non-transferable,
      worldwide license of CopyTele&#8217;s Nano Display patents and technology (the
      &#8220;Nano Display Licensed Technology&#8221;), for AUO (or an AUO affiliate) to
      produce, market and sell products containing the Nano Display Licensed
      Technology, with the right to consent to the granting of licenses of the
      Nano Display Licensed Technology to third parties.&#160;&#160;
    </p>
    <p>
      Under the License Agreements, AUO has agreed to pay CopyTele an
      aggregate license fee of US$ 10 million, of which $3 million is payable
      on or before June 26, 2011 and an additional US $7 million is payable
      upon completion of certain conditions for the respective
      technologies.&#160;&#160;Each of the License Agreements also provides for the
      basis for royalty payments by AUO to CopyTele.&#160;&#160;&#160;
    </p>
    <p>
      <br>

    </p>
    <p>
      <b>Section 9 &#8211; Financial Statements and Exhibits</b>
    </p>
    <p style="white-space: nowrap">
      <b>Item 9.01&#160;&#160;Financial Statements and Exhibits. </b>
    </p>
<div style="text-align:left">
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      <tr>
        <td colspan="2" style="text-align: left; padding-left: 0.0px" valign="top">
          (d) Exhibits.
        </td>
      </tr>
      <tr>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px; width: 8%" valign="bottom">
          99
        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 92%" valign="top">
          Press Release, dated May 31, 2011
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <div style="margin-bottom: 10pt; margin-right: 0pt; text-indent: 0pt; margin-left: 0pt; width: 100%">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="font-family: Times New Roman; font-size: 10pt; text-align: center">
          2
        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p style="text-align: center">
      <font style="font-size: 10pt; font-family: Times New Roman"><b>SIGNATURES</b></font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Times New Roman">Pursuant to
      the requirements of the Securities Exchange Act of 1934, the registrant
      has duly caused this report to be signed on its behalf by the
      undersigned hereunto duly authorized.</font>
    </p>
    <p>

    </p>
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    <table cellspacing="0" style="margin-bottom: 10.0px; font-family: Times New Roman; font-size: 10pt; width: 100%">
      <tr>
        <td style="width: 55%">

        </td>
        <td colspan="2" style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>COPYTELE, INC.</b>
          </p>
        </td>
        <td style="width: 15%">

        </td>
      </tr>
      <tr>
        <td style="width: 55%">

        </td>
        <td colspan="2" style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="width: 15%">

        </td>
      </tr>
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        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px; width: 55%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Date: May 31, 2011
          </p>
        </td>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px; width: 5%" valign="top">
          By:
        </td>
        <td style="border-bottom: solid black 1.0pt; text-align: left; padding-left: 0.0px; width: 25%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            /s/&#160;Denis A. Krusos
          </p>
        </td>
        <td style="width: 15%">

        </td>
      </tr>
      <tr>
        <td style="width: 55%">

        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 5%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 25%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Denis A. Krusos
          </p>
        </td>
        <td style="width: 15%">

        </td>
      </tr>
      <tr>
        <td style="width: 55%">

        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 5%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 25%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Chairman of the Board and Chief
          </p>
        </td>
        <td style="width: 15%">

        </td>
      </tr>
      <tr>
        <td style="width: 55%">

        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 5%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 25%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Executive Officer
          </p>
        </td>
        <td style="width: 15%">

        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <p>

    </p>
    <p style="text-align: center">
      3
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<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>a6741247_ex99.htm
<DESCRIPTION>EXHIBIT 99
<TEXT>
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    <p style="text-align: right">
      <b>Exhibit 99</b>
    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 12pt"><b>CopyTele
      Licenses Technology to AUO For E-Paper&#174; and Nano Displays</b></font>
    </p>
    <p style="text-align: center">

    </p>
    <p>
      MELVILLE, N.Y.--(BUSINESS WIRE)--May 31, 2011--CopyTele, Inc.
      (OTCBB:COPY) announced today that it has entered into two license
      agreements with AU Optronics Corp. (&#8220;AUO&#8221;) (NYSE:AUO) of Hsinchu, Taiwan
      to produce and market CopyTele&#8217;s E-Paper&#174; and Nano Display technologies.
      The license agreements grant AUO an exclusive license for CopyTele&#8217;s
      E-Paper&#174; display patents and technology with the right to sublicense the
      technology to third parties and a non-exclusive license for CopyTele&#8217;s
      Nano Display patents and technology with the right to consent to the
      granting of licenses of the Nano Display technology to third parties.
      Under the agreements, AUO will pay CopyTele aggregate license fees of US
      $10 million, $3 million payable as an initial fee and $7 million upon
      completion of certain conditions for the respective technologies. The
      terms of the agreements provide for the basis for royalty payments by
      AUO to CopyTele.
    </p>
    <p>
      Our advanced E-Paper&#174; electrophoretic display technology utilizes
      specially coated particles in combination with a unique type of pixel
      structure to create an image. This new technology is applicable for
      electronic books and other low power applications. Our Nano display
      technology incorporates a new type of low voltage color phosphors in
      combination with nano materials and an electron emission system
      utilizing nano materials to produce color video information. CopyTele&#8217;s
      Nano Display is applicable to small hand-held and larger size
      applications including TV&#8217;s.
    </p>
    <p>
      CopyTele Chairman and CEO, Denis A. Krusos, said, &#8220;We are pleased to
      have an agreement with AUO, one of the world&#8217;s leaders in flat panel
      displays. With the addition of AUO, CopyTele has the opportunity to
      bring its display technologies into all phases of the world-wide display
      marketplace.&#8221;
    </p>
    <p>
      AUO is a global leader of thin film transistor liquid crystal display
      panels (TFT-LCD). AUO is able to provide customers with a full range of
      panel sizes and comprehensive applications, offering TFT-LCD panels in
      sizes ranging from 1.2 inches to greater than 71 inches. AUO generated
      NT $467.2 billion in sales revenue in 2010 (US $16 billion*) with global
      operations in Taiwan, Mainland China, Japan, Singapore, South Korea, the
      U.S., and Europe. Additionally, AUO is the first pure TFT-LCD
      manufacturer to be successfully listed at the New York Stock Exchange
      (NYSE). AUO extended its market to the green energy industry in late
      2008. The Display and Solar businesses were established respectively as
      the Company&#8217;s two core businesses in October, 2010. For more
      information, please visit AUO.com.
    </p>
    <div style="margin-bottom: 10pt; text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; width: 100%">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      *2010 year end revenue converted at an exchange rate of NTD29.14:USD1.
    </p>
    <p>
      CopyTele&#8217;s principal operations include the development, production and
      marketing of thin flat display technologies, including low-voltage
      phosphor color displays and low-power passive E-Paper&#174; displays, and the
      development, production and marketing of multi-functional encryption
      products that provide information security for domestic and
      international users over virtually every communications media. For more
      information on CopyTele, please visit CopyTele.com.
    </p>
    <p>
      <b>Forward-Looking Statements:</b>
    </p>
    <p>
      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 CopyTele&#8217;s current
      expectations concerning future events and results. CopyTele generally
      uses the words &#8220;believes&#8221;, &#8220;expects&#8221;, &#8220;intends&#8221;, &#8220;plans&#8221;, &#8220;anticipates&#8221;,
      &#8220;likely&#8221;, &#8220;will&#8221; and similar expressions to identify forward-looking
      statements. Such forward-looking statements, including those concerning
      CopyTele&#8217;s expectations, involve known and unknown risks, uncertainties
      and other factors, some of which are beyond CopyTele&#8217;s control, which
      may cause CopyTele&#8217;s 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. In evaluating such statements as well as the
      future prospects of CopyTele, specific consideration should be given to
      various factors, including the following: CopyTele&#8217;s prior history of
      losses and negative cash flows from operations; CopyTele&#8217;s ability to
      obtain debt or equity financing to continue our marketing, research and
      development activities, on terms acceptable to CopyTele, if cash
      generated from operations is insufficient to satisfy our liquidity
      requirements; CopyTele&#8217;s ability to commercialize a full-color video
      display; the possible development of competitive products that could
      render CopyTele&#8217;s products obsolete or unmarketable; and other risks as
      detailed from time-to-time in CopyTele&#8217;s filings with the Securities and
      Exchange Commission. CopyTele undertakes no obligation to update any
      forward-looking statements as a result of new information, unanticipated
      events, or otherwise.
    </p>
    <p>
      CONTACT:<br>CopyTele, Inc.<br>Anne Rotondo, 631-549-5900
    </p>
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