Competitive Technologies, Inc.
AMEX : CTT

Competitive Technologies, Inc.

February 06, 2006 16:00 ET

Competitive Technologies, Inc. Adds New Hires

FAIRFIELD, Conn.--(CCNMatthews - Feb 6, 2006) -

Competitive Technologies, Inc. (AMEX: CTT) today announced the hiring of two new employees, Kristin Ann Kreuder and Girish N. Nallur, Ph.D. Ms. Kreuder joins CTT as Associate General Counsel. She will be responsible for non-patent related business law initiatives including deal structure, finance, insurance, real estate, human resources and corporate governance.

Prior to joining CTT, Ms. Kreuder was associated with the law firms of Shearman & Sterling LLP and Weil, Gotshal & Manges LLP, where her corporate law practice concentrated on the representation of U.S. and foreign banks, and other institutional lenders and venture capital funds, as well as an assortment of corporate clients on a wide variety of financial and banking matters.

Ms. Kreuder's educational background includes a B.A., with honors, from Boston College and a J.D., with distinction, from Hofstra University School of Law. Ms. Kreuder is admitted to practice law in the State of New York and before the United States District Court for the Southern District of New York. Her professional associations include the American Bar Association and the New York State Bar Association.

Girish N. Nallur has been hired as Business Development Technical Specialist and will be responsible for technical and market analyses of all technologies CTT considers. Dr. Nallur has a Ph.D. in molecular biology from the Indian Institute of Science and has completed postdoctoral work at Scripps Research Institute, the Wistar Institute and Yale University, where he was also a full-time faculty member for two years. Dr. Nallur has over nine years experience in intellectual property assessment and most recently, was responsible for setting the intellectual property strategy and managing technology transfer and licensing for Molecular Staging, Inc. in New Haven, Connecticut.

"We are pleased to add Kristin and Girish to our team of talented professionals and look forward to the contributions that they will make to our operations", said Mike Kiley, Executive Vice President and Chief Technology Officer.

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 and physical sciences, electronics, and nanotechnologies developed by universities, companies and inventors. CTT maximizes the value of intellectual assets for the benefit of its customers, clients and shareholders. Visit our website at: 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" 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 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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