FAIRFIELD, Conn., Feb. 7, 2008 (PRIME NEWSWIRE) -- Competitive Technologies, Inc. (AMEX:CTT) announced today that it has signed an agreement with NTRU Cryptosystems, Inc. to exclusively represent NTRU's trusted computing and embedded security products in the Korean market. NTRU, a leading provider of embedded security software solutions, is a developer of fast, low-footprint public key cryptography.
"We are pleased to represent NTRU's suite of products in the Korean market," said John B. Nano, CTT's Chairman, President and CEO. "CTT, involved in the initial formation of NTRU in 1997, is fully aware of the unique capabilities of their suite of technologies. NTRU's technologies are more important than ever in a society that requires high security for all aspects of information transfer technology. The growing demands for sophisticated technology combined with our network of alliances in market leader Korea makes this a compelling opportunity for CTT. Additionally, CTT continues to build a portfolio of technologies that fulfill the requirements of today's paradigm shift in healthcare and alternative energy needs."
NTRU products are optimized for size, speed, and security and are available in software, embedded software, or hardware implementations. They are tailored to the needs of specific vertical markets, including RFID and contactless smart cards, wireless data services, and wireless networking. NTRU security solutions are custom configured, exceptionally flexible, easy to implement and port, and can be optimized for even the most constrained platforms.
Mr. Nano continued, "CTT's management team is focused on creating value from technologies, restoring stockholder value by signing new license agreements. We are aggressively marketing the pain management therapy, breast cancer detection test, MC Square stress reduction device (www.relaxmc.com), solar panels, UAD surgical prosthetics, and the LED portfolio technologies to drive revenue growth, improve profitability and create shareholder value. Our full technology portfolio may be viewed on our website."
About Competitive Technologies, Inc.
Competitive Technologies, established in 1968, is a full service technology transfer and licensing provider focused on the technology needs of its customers and transforming those requirements into commercially viable solutions. CTT is a global leader in identifying, developing and commercializing innovative technologies in life, electronic, nano, and physical sciences developed by universities, companies and inventors. CTT maximizes the value of intellectual assets for the benefit of its customers, clients and shareholders. Visit CTT's website: www.competitivetech.net
Statements made about our future expectations are forward-looking statements and subject to risks and uncertainties as described in our most recent Annual Report on Form 10-K for the year ended July 31, 2007, filed with the SEC on October 29, 2007, and 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.