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competitive technologies inc (CTTC) Details

Competitive Technologies, Inc., together with its subsidiary, Vector Vision, Inc., provides patent and technology licensing and commercialization services worldwide. It identifies and commercializes technologies in life sciences, including medical testing, diagnostics, pharmaceuticals, biotechnologies, medical devices, and other medical or biological applications; physical sciences comprising chemical, display, and environmental applications; electronics consisting of communications, semiconductors, Internet related, e-commerce, and consumer electronics applications; and nanotechnologies, including the manipulation of microscopic particles into useful arrangements, and smart or novel materials. The company markets technologies and products through contacts in research and development, legal firms, corporations, seminars, and trade shows. It serves product inventors, manufacturers, and distributors. The company was founded in 1968 and is based in Fairfield, Connecticut.

5 Employees
Last Reported Date: 04/30/14
Founded in 1968

competitive technologies inc (CTTC) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $70.2K
Compensation as of Fiscal Year 2013.

competitive technologies inc (CTTC) Key Developments

Competitive Technologies, Inc. Signs Letter of Intent to Distribute with Mediterranean

Competitive Technologies Inc. announced the signing of a binding letter of intent to distribute and sell the Calmare(r) Pain Therapy devices (Calmare) exclusively throughout the Middle East and North African territories with The Mediterranean for Integration and Technology (Mediterranean), to distribute and sell Calmare.

Competitive Technologies Names Ian Rhodes as New Chief Financial Officer

Competitive Technologies Inc. announced the hiring of Ian Rhodes, CPA, with full responsibility for managing the financial and accounting duties for the Company. Mr. Rhodes will join the executive management team and lead Competitive Technologies' finance and accounting operations from the company's headquarters in Fairfield, CT. Prior to joining CTI, Mr. Rhodes served as vice president, chief accounting officer and treasurer with Arch Capital in White Plains, NY, where he spearheaded Arch's International Financial Reporting Standards (IFRS) implementation efforts and subsequently provided oversight of SEC and GAAP technical accounting matters.

Competitive Technologies Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014

Competitive Technologies Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. Net loss for the quarter ended March 31, 2014 decreased to $726,000 or $0.04 per basic and diluted share as compared with a net loss of $782,000 or $0.05 per basic and diluted share for the quarter ended March 31, 2013. The net loss for the quarter ended March 31, 2014 includes a non-recurring expense of $132,000 related to the settlement of the Tonaquint note and warrant. Net cash used in operating activities was $212,183 against $519,638 a year ago. Purchase of property and equipment was $3,078. Total other revenue was $6,425 against $62,055 a year ago.


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