FAIRFIELD, Conn., Jan. 23, 2002 (PRIMEZONE) -- Competitive Technologies, Inc. (AMEX:CTT) announced today that it has established an online marketplace for its Intellectual Property (IP) powered by the Patent & License Exchange, Inc. (pl-x). The CTT private-label IP marketplace, launched on January 21, can be accessed through CTT's Website, www.competitivetech.net. CTT intellectual property and technology assets can also be accessed via the pl-x IP marketplace. This arrangement will dramatically expand the global awareness of CTT's intellectual properties for life science, physical science and digital technologies. The online marketplace was created using pl-x's IP Enterprise solution (IPES), a comprehensive browser-based business platform for IP valuing, marketing and monetizing.
CTT is a global leader in the intellectual asset management and commercializing technology fields. In addition to broader exposure through the Web, the application of this new database will bring greater efficiency to CTT's IP management, and enable it to value IP on a real-time basis utilizing pl-x's TRRU(r) metrics software. CTT's online marketplace will combine the Web traffic generated by its own IP marketing activities with valuation and marketing software engineered by pl-x.
"CTT will use this tool to promote assets in its intellectual property pipeline, as well as identify promising new assets for inclusion in its commercialization plans," said Wil Jacques, CTT's VP of Marketing. "The arrangement benefits both CTT and pl-x by creating wider exposure for both companies. The pl-x IP marketing software provides us with an efficient method of dispersing information on selected products to a global market."
About The Patent & License Exchange, Inc.
The Patent & License Exchange (www.pl-x.com), founded in 1999, is a leading provider of financially oriented IP valuation, marketing and monetization products. The company's offerings include market-driven technology valuation, IP content management and private-labeled online exchange deployment.
IPES includes TRRU(r) metrics; the pl-x IP value calculator driven by a live financial-market database; a technology data marketing and mining system; and a multi-party collaboration system. IPES resides on pl-x servers and is accessed securely and dependably from the licensing company's URL.
TRRU(r), The Patent & License Exchange(tm), and pl-x(tm) are trademarks or registered trademarks of The Patent & License Exchange, Inc.
About Competitive Technologies, Inc.
Competitive Technologies is a global leader in identifying, developing and commercializing innovative life sciences, physical sciences and digital technologies. Competitive Technologies' specialized expertise and experience make it a valuable partner for inventors, companies and universities of all sizes. CTT has been responsible for closing hundreds of licensing agreements. CTT clients and licensees include: Sony, Matsushita Electric Industrial, the University of Arizona, the University of Colorado, the University of Illinois, Digital Ink, Inc., NTRU Cryptosystems, Inc., Palatin Technologies, Inc. and Ribozyme Pharmaceuticals, Inc. Competitive Technologies, Inc. is based in Fairfield, Connecticut and has affiliates in Osaka, Japan and London, England.
Statements about the Company's future expectations, including development and regulatory plans, and all other statements in this document other than historical facts are "forward-looking statements" within the meaning of applicable Federal Securities Laws and are not guarantees of future performance. These statements involve risks and uncertainties related to market acceptance of and competition for the Company's licensed technologies and other risks and uncertainties inherent in CTT's business, including those set forth in Item 1 of the Company's most recent Form 10-K and other factors that may be described in CTT's filings with the SEC, and are subject to change at any time. The Company's actual results could differ materially from these forward-looking statements. The Company undertakes no obligation to update publicly any forward-looking statement.