COMPANY NEWS

CopyTele to Exhibit Flat CRT Displays at SID 2005

MELVILLE, NY – MAY 17, 2005: CopyTele, Inc. (COPY:OTCBB) announced today that it will be exhibiting its unique Flat CRT displays at The Society for Information Display (“SID”) International Symposium, Seminar and Exhibition at The Hynes Convention Center in Boston, Massachusetts. The displays will be exhibited in Booth 421 from May 24 through May 26, 2005.

CopyTele’s thin compact Flat CRT display not only preserves the desirable characteristics of CRT’s, but also achieves high brightness, has a unique low voltage and power electron emission system, and has built-in pixel memory.

The SID International Symposium, Seminar and Exhibition, now in its 43rd year, has been the premier international gathering of scientists, engineers, manufacturers and users for the discussion, presentation, viewing and evaluation of information display technology. As the must-see event for the worldwide information display industry, the Symposium has grown to include more than 500 booths with over 200 companies expected to exhibit at the 2005 SID Symposium. For more detailed information on this event, go to the SID website at www.sid.org.

CopyTele’s principal operations include the development, production and marketing of thin, high brightness, flat panel video displays and the development, production and marketing of multi-functional encryption products, hardware and software based, that provide information security for domestic and international users over virtually every communication media. These products are being marketed directly to end-users and through dealers and distributors. For additional information, visit CopyTele’s website at www.copytele.com.

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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. CopyTele generally uses the words “believes”, “expects”, “intends”, “plans”, “anticipates”, “likely”, “will” and similar expressions to identify forward-looking statements. Such forward-looking statements, including those concerning CopyTele’s expectations, involve known and unknown risks, uncertainties and other factors, some of which are beyond CopyTele’s control, which may cause CopyTele’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’s prior history of losses and negative cash flows from operations; CopyTele’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’s ability to develop a full-color video display; the possible development of competitive products that could render CopyTele’s products obsolete or unmarketable; and other risks as detailed from time-to-time in CopyTele’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.