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Competitive Technologies Adopts 2007 Strategic Plan.


FAIRFIELD Fairfield.

1 City (1990 pop. 12,200), Jefferson co., N central Ala., an industrial suburb of Birmingham; inc. 1919. Founded (1910) by the United States Steel Corp., its steel industry has greatly declined, negatively affecting the city's economy.
, Conn. -- Competitive Technologies, Inc. (AMEX AMEX

See: American Stock Exchange
: CTT CTT Correios (Portuguese Postal Service)
CTT Certified Technical Trainer
CTT Charity Technology Trust
CTT Cholesterol Treatment Trialists' (collaboration)
CTT Common Task Training
) today announced its fiscal 2007 Strategic Plan ("Plan") formulated for·mu·late  
tr.v. for·mu·lat·ed, for·mu·lat·ing, for·mu·lates
1.
a. To state as or reduce to a formula.

b. To express in systematic terms or concepts.

c.
 by CTT management. Highlights of the Plan are described below. E[acute accent acute accent
n.
A mark (´) indicating:
a. that a vowel is close or tense, as é in French été.

b. that a vowel or syllable has a high or rising pitch, as in Chinese or Ancient Greek.

c.
]The current plan is the next step and an aggressive expansion of the plan first instituted last August. "During this past fiscal year, we have taken a number of critical actions to strengthen our overall resources, especially our business development staff, including adding for the first time key staff in technology assessment, which we believe were the basic first steps needed to take CTT to the next level," commented Dr. D. J. Freed, CTT's President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "This current plan shows what we expect to be able to accomplish over the next few years and the actions necessary to achieve our primary goal, which is to have $10 million of recurring re·cur  
intr.v. re·curred, re·cur·ring, re·curs
1. To happen, come up, or show up again or repeatedly.

2. To return to one's attention or memory.

3. To return in thought or discourse.
 revenues and have a profitable company. We currently estimate that this will require anywhere from fifty to one hundred or more revenue producing licenses. In addition, as part of our plan we have articulated ar·tic·u·la·ted
adj.
Characterized by or having articulations; jointed.
 to our Board options for broadening our service offerings and diversifying our revenue base." E[acute accent]Another significant company goal is to increase transparency (1) The quality of being able to see through a material. The terms transparency and translucency are often used synonymously; however, transparent would technically mean "seeing through clear glass," while translucent would mean "seeing through frosted glass." See alpha blending.  to its shareholders and potential investors, so CTT currently is preparing to post on its website the non-confidential portions of the Plan. This posting is expected to be available in the Investor Relations Investor relations

The process by which the corporation communicates with its investors.
 section of the website in early July. "I'm excited to share our vision with our shareholders," added Dr. Freed. "We believe that we have a strong vision and an ambitious plan which we have communicated to our Board, who received it enthusiastically. We hope our shareholders and potential investors will be as excited as we are." E[acute accent]One of the actions that must occur in order to accomplish the Plan goals is to dramatically increase CTT's inventory of marketable Marketable are securities that can be easily converted into cash. Such securities will generally have highly liquid markets allowing the security to be sold at a reasonable price very quickly.  technologies. Significant progress has been made over the past several months in contacting new clients, and forming new relationships, and assessing, valuing and selecting technologies for inclusion in CTT's portfolio. Dr. Mike Kiley, CTT's Chief Technology Officer, said, "Our portfolio, or inventory of technologies is increasing. Since not all technologies accepted into our portfolio ultimately generate royalties, we must have a portfolio of technologies proportionally pro·por·tion·al  
adj.
1. Forming a relationship with other parts or quantities; being in proportion.

2. Properly related in size, degree, or other measurable characteristics; corresponding:
 greater than the number of revenue generating licenses in order to achieve our revenue goals." E[acute accent]"CTT currently is working actively with over 50 universities and more than 75 other technology sources, including industrial clients," stated Dr. Kiley. "This is a major increase from one year ago. More importantly, the new technical assessment group has looked at over 400 technologies and those having significant technical merit and fill a market need will be pursued." E[acute accent]Dr. Kiley continued, "CTT historically has found technologies and then pushed them to the market. We will continue to push technologies that we believe are commercially viable, but we also want to have technologies available in our inventory, so that when a need arises in the market we can respond immediately. We believe that our new assessment and valuation capabilities has enabled us to review a slate of technologies and quickly determine which specific technologies we believe have market viability, then develop a strategy for gaining the rights to the technology and begin a licensing campaign. These available technologies also will be listed on our expanded web site. This process is fundamental to expand our technology offerings and increase our licensing activity to the volumes required to be successful with our Plan."

E[acute accent]About Competitive Technologies, Inc.

E[acute accent]Competitive Technologies, established in 1968, is a full service technology transfer and licensing provider, focused on bringing the intellectual property assets of its clients to the marketplace. CTT specializes in identifying, developing and commercializing innovative technologies in a variety of areas, including life and physical sciences, electronics, and nanotechnologies. Through its global distribution platform, CTT maximizes the value of its clients' intellectual property assets. For more information, please visit: www.competitivetech.net.

E[acute accent]Statements about our future expectations, including development and regulatory plans, and all other statements in this press release, other than historical facts, are "forward-looking statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
" within the meaning of applicable Federal Securities Laws, and are not guarantees of future performance. If and when used herein, the words "may," "will," "should," "anticipate," "believe," "intend," "plan," "expect," "estimate," "approximate," and similar expressions, as they relate to us or our business or management, are intended to identify such forward-looking statements. These statements involve risks and uncertainties related to market acceptance of and competition for our licensed technologies, growth strategies, operating performance, industry trends, and other risks and uncertainties inherent in our business, including those set forth in Item 7 under the caption "Risk Factors," in our most recent Annual Report on Form 10-K Form 10-K

A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information.


Form 10-K

See 10-K.
 for the year ended July 31, 2005, filed with the Securities and Exchange Commission ("SEC") on October 13, 2005, and other factors that may be described in our other filings with the SEC, and are subject to change at any time. Our actual results could differ materially from these forward-looking statements. We undertake no obligation to update publicly any forward-looking statement.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Jun 28, 2006
Words:865
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