<SEC-DOCUMENT>0001513162-15-000403.txt : 20150716
<SEC-HEADER>0001513162-15-000403.hdr.sgml : 20150716
<ACCEPTANCE-DATETIME>20150716170404
ACCESSION NUMBER:		0001513162-15-000403
CONFORMED SUBMISSION TYPE:	DEFA14A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20150716
DATE AS OF CHANGE:		20150716
EFFECTIVENESS DATE:		20150716

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ITUS Corp
		CENTRAL INDEX KEY:			0000715446
		STANDARD INDUSTRIAL CLASSIFICATION:	PATENT OWNERS & LESSORS [6794]
		IRS NUMBER:				112622630
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-37492
		FILM NUMBER:		15991993

	BUSINESS ADDRESS:	
		STREET 1:		12100 WILSHIRE BOULEVARD
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90025
		BUSINESS PHONE:		31044845200

	MAIL ADDRESS:	
		STREET 1:		12100 WILSHIRE BOULEVARD
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90025

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	COPYTELE INC
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEFA14A
<SEQUENCE>1
<FILENAME>defa_14a.htm
<DESCRIPTION>DEFA14A
<TEXT>
<HTML>
<head><title>DEFA14A</title> </head> <body vlink=blue lang=EN-US> <div style=page:WordSection1> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:2pt 0in 0pt; TEXT-AUTOSPACE:' align=center><b><font style=FONT-SIZE:12pt>UNITED STATES </font></b></p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:2pt 0in 0pt; TEXT-AUTOSPACE:' align=center><b><font style=FONT-SIZE:12pt>SECURITIES AND EXCHANGE COMMISSION </font></b></p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:2pt 0in 0pt; TEXT-AUTOSPACE:' align=center><b>Washington, D.C. 20549 </b></p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:9pt 0in 0pt; TEXT-AUTOSPACE:' align=center><b><font style=FONT-SIZE:15pt>SCHEDULE 14A </font></b></p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:9pt 0in 0pt; TEXT-AUTOSPACE:' align=center><b>Proxy Statement Pursuant to Section 14(a) of the </b></p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:2pt 0in 0pt; TEXT-AUTOSPACE:' align=center><b>Securities Exchange Act of 1934 </b></p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:2pt 0in 0pt; TEXT-AUTOSPACE:' align=center><b>(Amendment No. ) </b></p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:9pt 0in 0pt; TEXT-AUTOSPACE:'><font style=FONT-SIZE:9pt>Filed by the Registrant </font><font style="FONT-SIZE:9pt; FONT-FAMILY:Wingdings">x </font><font style=FONT-SIZE:9pt>Filed by a Party other than the Registrant </font><font style="FONT-SIZE:9pt; FONT-FAMILY:Wingdings">&#168;</font></p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:4.5pt 0in 0pt 8.25pt; TEXT-AUTOSPACE:; TEXT-INDENT:3.75pt'><font style=FONT-SIZE:9pt>Check the appropriate box: <br></font></p> <table width=672 style=BORDER-COLLAPSE:collapse cellpadding=0 cellspacing=0> <tr> <td width=25 style="WIDTH:18.45pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=top> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:2pt 0in 0pt; TEXT-AUTOSPACE:'><font style='FONT-SIZE:5pt; FONT-FAMILY:"Arial","sans-serif"'>&nbsp;</font><font style="FONT-SIZE:9pt; FONT-FAMILY:Wingdings">&#168;</font></p></td> <td width=647 colspan=2 style="WIDTH:485.55pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=top> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:2pt 0in 0pt; TEXT-AUTOSPACE:'><font style=FONT-SIZE:9pt>&nbsp;Preliminary Proxy Statement </font></p></td></tr> <tr> <td width=24 style="WIDTH:17.95pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=top> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:2pt 0in 0pt; TEXT-AUTOSPACE:'><font style='FONT-SIZE:5pt; FONT-FAMILY:"Arial","sans-serif"'>&nbsp;</font><font style="FONT-SIZE:9pt; FONT-FAMILY:Wingdings">&#168;</font></p></td> <td width=648 colspan=2 style="WIDTH:486.05pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=top> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:2pt 0in 0pt; TEXT-AUTOSPACE:'><b><font style=FONT-SIZE:9pt>&nbsp;Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))</font></b><font style=FONT-SIZE:9pt>&nbsp;</font></p></td></tr> <tr> <td width=28 colspan=2 style="WIDTH:20.85pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=top> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:2pt 0in 0pt; TEXT-AUTOSPACE:'><font style='FONT-SIZE:5pt; FONT-FAMILY:"Arial","sans-serif"'>&nbsp;</font><font style="FONT-SIZE:9pt; FONT-FAMILY:Wingdings">&#168;</font></p></td> <td width=644 style="WIDTH:483.15pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=top> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:2pt 0in 0pt; TEXT-AUTOSPACE:'><font style=FONT-SIZE:9pt>Definitive Proxy Statement </font></p></td></tr> <tr> <td width=25 style="WIDTH:18.45pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=top> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:2pt 0in 0pt; TEXT-AUTOSPACE:'><font style='FONT-SIZE:5pt; FONT-FAMILY:"Arial","sans-serif"'>&nbsp;</font><font style="FONT-SIZE:9pt; FONT-FAMILY:Wingdings">x</font><font style='FONT-SIZE:5pt; FONT-FAMILY:"Arial","sans-serif"'>&nbsp;</font></p></td> <td width=647 colspan=2 style="WIDTH:485.55pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=top> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:2pt 0in 0pt; TEXT-AUTOSPACE:'><font style=FONT-SIZE:9pt>&nbsp;Definitive Additional Materials </font></p></td></tr> <tr> <td width=24 style="WIDTH:18.2pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=top> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:2pt 0in 0pt; TEXT-AUTOSPACE:'><font style='FONT-SIZE:5pt; FONT-FAMILY:"Arial","sans-serif"'>&nbsp;</font><font style="FONT-SIZE:9pt; FONT-FAMILY:Wingdings">&#168;</font></p></td> <td width=648 colspan=2 style="WIDTH:485.8pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=top> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:2pt 0in 0pt; TEXT-AUTOSPACE:'><font style=FONT-SIZE:9pt>&nbsp;Soliciting Material Pursuant to &#167;240.14a-12 </font></p></td></tr> <tr> <td width=25 style="BORDER-TOP:0px; BORDER-RIGHT:0px; BORDER-BOTTOM:0px; BORDER-LEFT:0px"> <td width=3 style="BORDER-TOP:0px; BORDER-RIGHT:0px; BORDER-BOTTOM:0px; BORDER-LEFT:0px"> <td width=644 style="BORDER-TOP:0px; BORDER-RIGHT:0px; BORDER-BOTTOM:0px; BORDER-LEFT:0px" /></tr></table> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:9pt 0in 0pt; TEXT-AUTOSPACE:' align=center><b><font style=FONT-SIZE:12pt>ITUS Corporation</font></b></p> <div style="BORDER-TOP:0px; BORDER-RIGHT:0px; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in"> <p style='FONT-SIZE:10pt; BORDER-TOP:0px; FONT-FAMILY:"Times New Roman","serif"; BORDER-RIGHT:0px; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; MARGIN:2pt 0in 1.5pt; BORDER-LEFT:0px; PADDING-RIGHT:0in; TEXT-AUTOSPACE:'>&nbsp;</p></div> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:2pt 0in 0pt; TEXT-AUTOSPACE:' align=center><b><font style=FONT-SIZE:7pt>(Name of Registrant as Specified In Its Charter) </font></b></p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:2pt 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <div style="BORDER-TOP:0px; BORDER-RIGHT:0px; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in"> <p style='FONT-SIZE:10pt; BORDER-TOP:0px; FONT-FAMILY:"Times New Roman","serif"; BORDER-RIGHT:0px; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; MARGIN:2pt 0in 1.5pt; BORDER-LEFT:0px; PADDING-RIGHT:0in; TEXT-AUTOSPACE:'>&nbsp;</p></div> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:2pt 0in 0pt; TEXT-AUTOSPACE:' align=center><b><font style=FONT-SIZE:7pt>(Name of Person(s) Filing Proxy Statement, if other than the Registrant) </font></b></p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:9pt 0in 0pt 8.25pt; TEXT-AUTOSPACE:; TEXT-INDENT:3.75pt'><font style=FONT-SIZE:9pt>Payment of Filing Fee (Check the appropriate box): </font></p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:2pt 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <table width=672 style=BORDER-COLLAPSE:collapse cellpadding=0 cellspacing=0> <tr> <td width=28 colspan=2 style="WIDTH:20.85pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=top> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:2pt 0in 0pt; TEXT-AUTOSPACE:'><font style="FONT-SIZE:9pt; FONT-FAMILY:Wingdings">x</font></p></td> <td width=644 colspan=2 style="WIDTH:483.15pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=top> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:2pt 0in 0pt; TEXT-AUTOSPACE:'><font style=FONT-SIZE:9pt>No fee required. </font></p></td></tr> <tr> <td width=25 style="WIDTH:18.4pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=top> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:2pt 0in 0pt; TEXT-AUTOSPACE:'><font style='FONT-SIZE:5pt; FONT-FAMILY:"Arial","sans-serif"'>&nbsp;</font><font style="FONT-SIZE:9pt; FONT-FAMILY:Wingdings">&#168;</font></p></td> <td width=647 colspan=3 style="WIDTH:485.6pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=top> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:2pt 0in 0pt; TEXT-AUTOSPACE:'><font style=FONT-SIZE:9pt>Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. </font></p></td></tr> <tr> <td width=25 style="WIDTH:18.4pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in"> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:2pt 0in 0pt; TEXT-AUTOSPACE:'><font style='FONT-SIZE:9pt; FONT-FAMILY:"Arial","sans-serif"'>&nbsp;</font><font style='FONT-SIZE:7pt; FONT-FAMILY:"Arial","sans-serif"'>&nbsp;</font></p></td> <td width=25 colspan=2 style="WIDTH:18.4pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=top> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:2pt 0in 0pt; TEXT-AUTOSPACE:'><font style=FONT-SIZE:9pt>(1)</font></p></td> <td width=623 style="WIDTH:467.2pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=top> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:2pt 0in 0pt; TEXT-AUTOSPACE:'><font style=FONT-SIZE:9pt>Title of each class of securities to which transaction applies: </font></p></td></tr> <tr> <td width=25 style="BORDER-TOP:0px; BORDER-RIGHT:0px; BORDER-BOTTOM:0px; BORDER-LEFT:0px"> <td width=3 style="BORDER-TOP:0px; BORDER-RIGHT:0px; BORDER-BOTTOM:0px; BORDER-LEFT:0px"> <td width=21 style="BORDER-TOP:0px; BORDER-RIGHT:0px; BORDER-BOTTOM:0px; BORDER-LEFT:0px"> <td width=623 style="BORDER-TOP:0px; BORDER-RIGHT:0px; BORDER-BOTTOM:0px; BORDER-LEFT:0px" /></tr></table> <div style="BORDER-TOP:0px; BORDER-RIGHT:0px; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; MARGIN-LEFT:12.75pt; BORDER-LEFT:0px; PADDING-RIGHT:0in; MARGIN-RIGHT:0in"> <p style='FONT-SIZE:10pt; BORDER-TOP:0px; FONT-FAMILY:"Times New Roman","serif"; BORDER-RIGHT:0px; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; MARGIN:2pt 0in 1.5pt; BORDER-LEFT:0px; PADDING-RIGHT:0in; TEXT-AUTOSPACE:'>&nbsp;</p></div> <table style=BORDER-COLLAPSE:collapse cellpadding=0 cellspacing=0> <tr> <td width=25 style="WIDTH:18.4pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in"> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:2pt 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=25 style="WIDTH:18.4pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=top> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:2pt 0in 0pt; TEXT-AUTOSPACE:'><font style=FONT-SIZE:9pt>(2)</font></p></td> <td width=623 style="WIDTH:467.2pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=top> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:2pt 0in 0pt; TEXT-AUTOSPACE:'><font style=FONT-SIZE:9pt>Aggregate number of securities to which transaction applies: </font></p></td></tr></table> <div style="BORDER-TOP:0px; BORDER-RIGHT:0px; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; MARGIN-LEFT:12.75pt; BORDER-LEFT:0px; PADDING-RIGHT:0in; MARGIN-RIGHT:0in"> <p style='FONT-SIZE:10pt; BORDER-TOP:0px; FONT-FAMILY:"Times New Roman","serif"; BORDER-RIGHT:0px; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; MARGIN:2pt 0in 1.5pt; BORDER-LEFT:0px; PADDING-RIGHT:0in; TEXT-AUTOSPACE:'>&nbsp;</p></div> <table style=BORDER-COLLAPSE:collapse cellpadding=0 cellspacing=0> <tr> <td width=24 style="WIDTH:18.15pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in"> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:2pt 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=24 style="WIDTH:18.15pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=top> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:2pt 0in 0pt; TEXT-AUTOSPACE:'><font style=FONT-SIZE:9pt>(3)</font></p></td> <td width=624 style="WIDTH:467.7pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=top> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:2pt 0in 0pt; TEXT-AUTOSPACE:'><font style=FONT-SIZE:9pt>Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined): </font></p></td></tr></table> <div style="BORDER-TOP:0px; BORDER-RIGHT:0px; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; MARGIN-LEFT:12.75pt; BORDER-LEFT:0px; PADDING-RIGHT:0in; MARGIN-RIGHT:0in"> <p style='FONT-SIZE:10pt; BORDER-TOP:0px; FONT-FAMILY:"Times New Roman","serif"; BORDER-RIGHT:0px; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; MARGIN:2pt 0in 1.5pt; BORDER-LEFT:0px; PADDING-RIGHT:0in; TEXT-AUTOSPACE:'>&nbsp;</p></div> <table style=BORDER-COLLAPSE:collapse cellpadding=0 cellspacing=0> <tr> <td width=24 style="WIDTH:18.3pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in"> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:2pt 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=24 style="WIDTH:18.3pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=top> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:2pt 0in 0pt; TEXT-AUTOSPACE:'><font style=FONT-SIZE:9pt>(4)</font></p></td> <td width=623 style="WIDTH:467.4pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=top> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:2pt 0in 0pt; TEXT-AUTOSPACE:'><font style=FONT-SIZE:9pt>Proposed maximum aggregate value of transaction: </font></p></td></tr></table> <div style="BORDER-TOP:0px; BORDER-RIGHT:0px; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; MARGIN-LEFT:12.75pt; BORDER-LEFT:0px; PADDING-RIGHT:0in; MARGIN-RIGHT:0in"> <p style='FONT-SIZE:10pt; BORDER-TOP:0px; FONT-FAMILY:"Times New Roman","serif"; BORDER-RIGHT:0px; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; MARGIN:2pt 0in 1.5pt; BORDER-LEFT:0px; PADDING-RIGHT:0in; TEXT-AUTOSPACE:'>&nbsp;</p></div> <table style=BORDER-COLLAPSE:collapse cellpadding=0 cellspacing=0> <tr> <td width=26 style="WIDTH:19.25pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in"> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:2pt 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=26 style="WIDTH:19.25pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=top> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:2pt 0in 0pt; TEXT-AUTOSPACE:'><font style=FONT-SIZE:9pt>(5)</font></p></td> <td width=621 style="WIDTH:465.5pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=top> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:2pt 0in 0pt; TEXT-AUTOSPACE:'><font style=FONT-SIZE:9pt>Total fee paid: </font></p></td></tr></table> <div style="BORDER-TOP:0px; BORDER-RIGHT:0px; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; MARGIN-LEFT:12.75pt; BORDER-LEFT:0px; PADDING-RIGHT:0in; MARGIN-RIGHT:0in"> <p style='FONT-SIZE:10pt; BORDER-TOP:0px; FONT-FAMILY:"Times New Roman","serif"; BORDER-RIGHT:0px; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; MARGIN:2pt 0in 1.5pt; BORDER-LEFT:0px; PADDING-RIGHT:0in; TEXT-AUTOSPACE:'>&nbsp;</p></div> <table width=672 style=BORDER-COLLAPSE:collapse cellpadding=0 cellspacing=0> <tr> <td width=24 style="WIDTH:18.35pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=top> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:2pt 0in 0pt; TEXT-AUTOSPACE:'><font style='FONT-SIZE:9pt; FONT-FAMILY:"Arial","sans-serif"'>&nbsp;</font><font style="FONT-SIZE:9pt; FONT-FAMILY:Wingdings">&#168;</font></p></td> <td width=648 colspan=2 style="WIDTH:485.65pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=top> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:2pt 0in 0pt; TEXT-AUTOSPACE:'><font style=FONT-SIZE:9pt>Fee paid previously with preliminary materials. </font></p></td></tr> <tr> <td width=24 style="WIDTH:18.35pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=top> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:2pt 0in 0pt; TEXT-AUTOSPACE:'><font style='FONT-SIZE:9pt; FONT-FAMILY:"Arial","sans-serif"'>&nbsp;</font><font style="FONT-SIZE:9pt; FONT-FAMILY:Wingdings">&#168;</font></p></td> <td width=648 colspan=2 style="WIDTH:485.65pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=top> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:2pt 0in 0pt; TEXT-AUTOSPACE:'><font style=FONT-SIZE:9pt>Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. </font></p></td></tr> <tr> <td width=25 style="WIDTH:18.45pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in"> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:2pt 0in 0pt; TEXT-AUTOSPACE:'><font style='FONT-SIZE:9pt; FONT-FAMILY:"Arial","sans-serif"'>&nbsp;</font><font style='FONT-SIZE:7pt; FONT-FAMILY:"Arial","sans-serif"'>&nbsp;</font></p></td> <td width=25 style="WIDTH:18.45pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=top> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:2pt 0in 0pt; TEXT-AUTOSPACE:'><font style=FONT-SIZE:9pt>(1)</font></p></td> <td width=623 style="WIDTH:467.1pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=top> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:2pt 0in 0pt; TEXT-AUTOSPACE:'><font style=FONT-SIZE:9pt>Amount Previously Paid: </font></p></td></tr></table> <div style="BORDER-TOP:0px; BORDER-RIGHT:0px; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; MARGIN-LEFT:12.75pt; BORDER-LEFT:0px; PADDING-RIGHT:0in; MARGIN-RIGHT:0in"> <p style='FONT-SIZE:10pt; BORDER-TOP:0px; FONT-FAMILY:"Times New Roman","serif"; BORDER-RIGHT:0px; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; MARGIN:2pt 0in 1.5pt; BORDER-LEFT:0px; PADDING-RIGHT:0in; TEXT-AUTOSPACE:'>&nbsp;</p></div> <table style=BORDER-COLLAPSE:collapse cellpadding=0 cellspacing=0> <tr> <td width=24 style="WIDTH:18.25pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in"> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:2pt 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=24 style="WIDTH:18.25pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=top> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:2pt 0in 0pt; TEXT-AUTOSPACE:'><font style=FONT-SIZE:9pt>(2)</font></p></td> <td width=623 style="WIDTH:467.5pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=top> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:2pt 0in 0pt; TEXT-AUTOSPACE:'><font style=FONT-SIZE:9pt>Form, Schedule or Registration Statement No.: </font></p></td></tr></table> <div style="BORDER-TOP:0px; BORDER-RIGHT:0px; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; MARGIN-LEFT:12.75pt; BORDER-LEFT:0px; PADDING-RIGHT:0in; MARGIN-RIGHT:0in"> <p style='FONT-SIZE:10pt; BORDER-TOP:0px; FONT-FAMILY:"Times New Roman","serif"; BORDER-RIGHT:0px; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; MARGIN:2pt 0in 1.5pt; BORDER-LEFT:0px; PADDING-RIGHT:0in; TEXT-AUTOSPACE:'>&nbsp;</p></div> <table style=BORDER-COLLAPSE:collapse cellpadding=0 cellspacing=0> <tr> <td width=26 style="WIDTH:19.15pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in"> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:2pt 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=26 style="WIDTH:19.15pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=top> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:2pt 0in 0pt; TEXT-AUTOSPACE:'><font style=FONT-SIZE:9pt>(3)</font></p></td> <td width=621 style="WIDTH:465.7pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=top> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:2pt 0in 0pt; TEXT-AUTOSPACE:'><font style=FONT-SIZE:9pt>Filing Party: </font></p></td></tr></table> <div style="BORDER-TOP:0px; BORDER-RIGHT:0px; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; MARGIN-LEFT:12.75pt; BORDER-LEFT:0px; PADDING-RIGHT:0in; MARGIN-RIGHT:0in"> <p style='FONT-SIZE:10pt; BORDER-TOP:0px; FONT-FAMILY:"Times New Roman","serif"; BORDER-RIGHT:0px; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; MARGIN:2pt 0in 1.5pt; BORDER-LEFT:0px; PADDING-RIGHT:0in; TEXT-AUTOSPACE:'>&nbsp;</p></div> <table style=BORDER-COLLAPSE:collapse cellpadding=0 cellspacing=0> <tr> <td width=26 style="WIDTH:19.15pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in"> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:2pt 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p></td> <td width=26 style="WIDTH:19.15pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=top> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:2pt 0in 0pt; TEXT-AUTOSPACE:'><font style=FONT-SIZE:9pt>(4)</font></p></td> <td width=621 style="WIDTH:465.7pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=top> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:2pt 0in 0pt; TEXT-AUTOSPACE:'><font style=FONT-SIZE:9pt>Date Filed: </font></p></td></tr></table> <div style="BORDER-TOP:0px; BORDER-RIGHT:0px; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; MARGIN-LEFT:12.75pt; BORDER-LEFT:0px; PADDING-RIGHT:0in; MARGIN-RIGHT:0in"> <p style='FONT-SIZE:10pt; BORDER-TOP:0px; FONT-FAMILY:"Times New Roman","serif"; BORDER-RIGHT:0px; BORDER-BOTTOM:0px; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; MARGIN:2pt 0in 1.5pt; BORDER-LEFT:0px; PADDING-RIGHT:0in; TEXT-AUTOSPACE:'><font style='FONT-SIZE:9pt; FONT-FAMILY:"Arial","sans-serif"'>&nbsp;&nbsp;</font></p></div></div> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; page:WordSection2'><b><i></i></b>&nbsp;</p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; page:WordSection2'>&nbsp;</p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; page:WordSection2'><b><i><font style=FONT-SIZE:11.5pt> <div style=page:WordSection2> <hr size=1> </div> <div style="PAGE-BREAK-BEFORE:always; page:WordSection2">&nbsp;</div></font></i></b> <p style=page:WordSection2> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; page:WordSection2'>&nbsp;</p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; page:WordSection2'><b><i><font style=FONT-SIZE:11.5pt>Dear ITUS Shareholders:</font></i></b></p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; page:WordSection2'>&nbsp;</p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-INDENT:0.5in; page:WordSection2'><font style=FONT-SIZE:11.5pt>This has been a phenomenal year in the rebirth of our company, and it gives me great pleasure to be able to recount to you so many of our recent successes. In last year&#146;s Chairman&#146;s letter, I outlined several goals for the company that we hoped to achieve in the coming months.&nbsp; Not only were we successful in reaching those goals, we also charted a new direction for the company and announced our first new initiative in implementing that direction. With all of these accomplishments, we are finally ready to distance ourselves from CopyTele&#146;s past, and begin to chart a new path as ITUS.</font></p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-INDENT:0.5in; page:WordSection2'>&nbsp;</p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-INDENT:0.5in; page:WordSection2'><font style=FONT-SIZE:11.5pt>In August of last year, we rebranded the company, revamped our website, and began to trade under our new ticker symbol, ITUS. The purpose of these changes was to modernize our appearance, establish a new identity, and provide our shareholders and potential investors with convenient access to the latest and most complete information about our company.</font></p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-INDENT:0.5in; page:WordSection2'>&nbsp;</p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-INDENT:0.5in; page:WordSection2'><font style=FONT-SIZE:11.5pt>While changes to our outside appearance were important, the termination and resolution of legacy arrangements that no longer served the company&#146;s interests was critical. Due to a variety of factors, the potential upside of our agreements with Videocon and AU Optronics had long disappeared, yet the damage to our company, including financial hardships and certain encumbrances on our assets, remained.&nbsp;&nbsp;&nbsp; In September of last year, the Company successfully negotiated the termination of our agreements with Videocon, which included the return to the Company of 20 million shares of our stock that was under Videocon&#146;s control and the termination of Videocon&#146;s license to our nFED technology. In December, after a 2-week arbitration, we successfully negotiated the termination of our agreements with AUO and received a compensatory payment. I was in San Francisco for the arbitration. From my personal experience, I can assure you that testifying in front of a three-judge panel is not easy, especially while enduring hours of rigorous cross-examination.&nbsp; Our team was outstanding, and our actions resulted in a settlement that included the capital that we needed to launch our new business initiatives and the removal of AUO&#146;s encumbrances on our assets. Overall, it was a big success for the company. Because our nFED technology is now completely unencumbered, we have resumed our nFED technology development efforts.</font></p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-INDENT:0.5in; page:WordSection2'>&nbsp;</p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-INDENT:0.5in; page:WordSection2'><font style=FONT-SIZE:11.5pt>Since last year&#146;s annual meeting in August of 2014, we entered into a total of 25 license and/or settlement agreements in connection with the enforcement of intellectual property rights. Due to legislative changes, potential judicial biases, and the lack of receptivity in the financial and investor communities to companies that derive all or a substantial portion of their revenue from the assertion of patents, we believe that it is not advisable to pursue a business model that is solely based on patent assertion. While we will continue to pursue the matters that we have initiated, including the monetization of patents and patented technologies that were developed by the company, we are planning several new business initiatives that will better serve the interests of the company and its shareholders.&nbsp;&nbsp;&nbsp; </font></p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-INDENT:0.5in; page:WordSection2'>&nbsp;</p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-INDENT:0.5in; page:WordSection2'><font style=FONT-SIZE:11.5pt>In June, we announced the first of our new business initiatives, Anixa Diagnostics. Due to recent scientific advances, the biotech sector is very strong right now, and we expect that strength to continue, especially in cancer diagnostics. Dr. Amit Kumar, who has served as Director and advisor to our company, has joined us full time to lead Anixa and is one of the country&#146;s foremost experts on cancer diagnostic technologies. Under Dr. Kumar&#146;s guidance, and with our demonstrated abilities in executing a business plan, we expect to bring non-invasive, affordable, cancer screening tests to the market place. In addition to creating significant value for our shareholders, these tests will save lives. All of the cancer experts universally agree that early diagnoses will have a significant and positive impact in the fights against all types of cancer. We expect Anixa&#146;s cancer screening tests to be a part of that positive impact.</font></p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-INDENT:0.5in; page:WordSection2'>&nbsp;</p> <p 0in 0.5in? roman?,?serif?; 0pt; new margin: text-indent: style="FONT-SIZE:10pt; FONT-FAMILY:; page:WordSection2" text-align:center; times align=center>2</p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-INDENT:0in; page:WordSection2'> <div style=page:WordSection2> <hr size=1> </div> <div style="PAGE-BREAK-BEFORE:always; page:WordSection2">&nbsp;</div> <p style=page:WordSection2> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-INDENT:0.5in; page:WordSection2'>&nbsp;</p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-INDENT:0.5in; page:WordSection2'><font style=FONT-SIZE:11.5pt>Although Anixa is our first new initiative, it will not be our last. We will continue to launch additional, new business initiatives, which we anticipate will build shareholder value. A few weeks ago, we effectuated a 1 for 25 reverse stock split, with the resulting stock price being the final qualifying event that enabled us to move our stock from the OTC to NASDAQ. Trading on the OTC market has been a constant and significant constraint for our company. Our new NASDAQ listing exponentially increases the number of potential investors that can buy our stock and opens up endless possibilities for the company. The up-list to NASDAQ achieves a long-term goal for the company, is a major milestone, and is the culmination of many months of hard work, during which we re-built the capital structure of the company and solidified the company&#146;s financial position. When we look back at all that we have achieved since our new management team joined the company in October of 2012, meeting the qualifications and up-listing to NASDAQ may be our single, most important accomplishment.</font></p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-INDENT:0.5in; page:WordSection2'>&nbsp;</p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-INDENT:0.5in; page:WordSection2'><font style=FONT-SIZE:11.5pt>With all that we have attained this past year, and the exciting opportunities for the company that lay ahead, I invite each of you to attend our upcoming annual meeting, which will take place on August 26, 2015, in Los Angeles, which is also the new location for our corporate headquarters.&nbsp; Details regarding the time and place of the annual meeting are included with these materials.</font></p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-INDENT:0.5in; page:WordSection2'>&nbsp;</p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-INDENT:0.5in; page:WordSection2'><font style=FONT-SIZE:11.5pt>This year, we will again be providing Internet access to our Proxy materials.&nbsp; In a separate mailing, you will receive a notice with instructions on how to obtain Proxy materials online or request a printed set.&nbsp; </font></p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-INDENT:0.5in; page:WordSection2'>&nbsp;</p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-INDENT:0.5in; page:WordSection2'><font style=FONT-SIZE:11.5pt>We look forward to seeing you on August 26. </font></p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-INDENT:0.5in; page:WordSection2'>&nbsp;</p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-INDENT:0.5in; page:WordSection2'>&nbsp;</p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; page:WordSection2'><font style=FONT-SIZE:11.5pt>Sincerely,</font></p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; page:WordSection2'>&nbsp;</p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; page:WordSection2'>&nbsp;</p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; page:WordSection2'><font style=FONT-SIZE:11.5pt>Lewis H. Titterton, Jr.</font></p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; page:WordSection2'><font style=FONT-SIZE:11.5pt>Chairman </font></p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; page:WordSection2'><font style=FONT-SIZE:11.5pt>&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:2pt 0in; page:WordSection2'>&nbsp;</p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:2pt 0in; page:WordSection2'># # #</p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:2pt 0in; page:WordSection2'>&nbsp;</p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:2pt 0in; page:WordSection2'><b>Forward-Looking Statements:</b> 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's current expectations concerning future events and results. We generally use the words &#147;believes,&#148; &#147;expects,&#148; &#147;intends,&#148; &#147;plans,&#148; &#147;anticipates,&#148; &#147;likely,&#148; &#147;will&#148; and similar expressions to identify forward-looking statements.&nbsp; 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.&nbsp; These risks, uncertainties and factors include, but are not limited to, those factors set forth in &#147;Item 1A &#150; Risk Factors&#148; and other sections of our Annual Report on Form 10-K for the fiscal year ended October 31, 2014 as well as in our Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.&nbsp; 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.&nbsp; You are cautioned not to unduly rely on such forward-looking statements when evaluating the information presented in this document.&nbsp;&nbsp; </p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:2pt 0in; page:WordSection2'>&nbsp;</p> <p 2pt text-align: 0in; wordsection2? page: roman?,?serif?; center; new margin: style="FONT-SIZE:10pt; FONT-FAMILY:" times align=center>3</p></body>
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