Competitive Technologies Launches New Services Offering for Intellectual Property Market at Licensing Executives Society Annual Meeting; CTT Relocates Company Headquarters.FAIRFIELD, 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 ) announced today at the Licensing Executives Society (LES) Annual Meeting, the launch of a novel fee-for-service offering. LES is a professional society with more than 6000 members engaged in the development, use, transfer, marketing, and management of intellectual property; its annual meeting is taking place in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. this week. Building on its traditional core business of intellectual property (IP) licensing, the new service, entitled en·ti·tle tr.v. en·ti·tled, en·ti·tling, en·ti·tles 1. To give a name or title to. 2. To furnish with a right or claim to something: CTT's "Technology Assessment and Valuation Service," provides patent owners with an in-depth analysis of the commercial viability of their technologies. The service integrates data from a variety of sources and examines key factors, including patent position, competitive landscape, regulatory environment and market potential. Combining quantitative and qualitative analysis Qualitative Analysis Securities analysis that uses subjective judgment based on nonquantifiable information, such as management expertise, industry cycles, strength of research and development, and labor relations. , each CTT Technology Assessment and Valuation is fully customized to the client and technology. "With the staff added in 2006, we have increased our capabilities in technology assessment and valuation and we are pleased to offer our services to our academic and industry clients," commented Girish Nallur, Ph.D., CTT's Director of Technology. "Our new services provide clients with strategic tools to help them manage their IP, legal, patent prosecution Patent prosecution describes the interaction between an applicant, or their representative, and a patent office with regard to a patent, or an application for a patent. Broadly, patent prosecution can be split into pre-grant prosecution, which involves negotiation with a patent and commercialization resources." The Company's latest offering also includes "Technology Sourcing" services. For companies looking to the outside for fresh ideas, CTT's network of relationships with universities, research institutions, think tanks and corporations provides premium access to technologies. CTT offers a distinct information advantage since CTT has access to numerous sources of technology in various stages of development. Sourcing clients gain access to early, middle or ready-to-market technologies according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. their individual business requirements. "We are pleased to be able to leverage our internal skill sets to assist clients in assessing, valuing and sourcing technologies. Our new services are a natural progression of our core competency A core competency is something that a firm can do well and that meets the following three conditions specified by Hamel and Prahalad (1990):
The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of CTT. In other news, the Company also announced it has completed the relocation RELOCATION, Scotch law, contracts. To let again to renew a lease, is called a relocation. 2. When a tenant holds over after the expiration of his lease, with the consent of his landlord, this will amount to a relocation. of its corporate headquarters. The new address is 777 Commerce Drive, Suite 100, Fairfield, CT 06825. The new telephone number is 203-386-6044 and the fax number is 203-368-5399. About Competitive Technologies, Inc. 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. 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 our ability to obtain rights to market technologies, market acceptance of and competition for our licensed technologies, growth strategies and strategic plans, 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. |
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