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Competitive Technologies Announces Notice Of Allowance For Second Patent


Fairfield, CT. - Competitive Technologies, Inc (AMEX: CTT) today announced that the U.S. Patent Office has issued a Notice of Allowance for the U.S. Divisional Patent Application for CTT’s nanotechnology bone biomaterial developed at the University of South Carolina (“USC”). As a result, CTT expects that a second patent will be issued relating to this technology sometime this summer. CTT has an exclusive agreement with the University of South Carolina Research Foundation to license and commercialize this injectable, calcium phosphate-based biomaterial nanotechnology. The inventor of the bone biomaterial, Dr. Brian R. Genge, is a research professor in the Department of Chemistry and Biochemistry at USC.

“The granting of this second patent recognizes the unique qualities of Dr. Genge’s innovative nanoparticle biomaterial technology,” said Dr. Mike Kiley, CTT’s Executive Vice President and Chief Technology Officer. “CTT executed an exclusive license in September 2005 with Soteira Inc.

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 Helpful Patent Terms

Provisional Patent Application

Definition:
A provisional application for patent is a U. S. national application for patent filed in the USPTO under 35 U.S.C. 111(b). It allows filing without a formal patent claim, oath or declaration, or any information disclosure (prior art) statement.

PCT

Definition:
Patent Cooperation Treaty - provides a mechanism by which an applicant can file a single application that, when certain requirements have been fulfilled, is equivalent to a regular national filing in each designated Contracting State.

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