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November 27, 2007

Competitive Technologies Signs Marketing Agreement for Solar Panel Technology

By Anil Sharma, TMCnet Contributing Editor

Competitive Technologies, Inc., and Articulated Technologies, LLC have signed a marketing agreement for solar panel technology.
 
The agreement calls for CTT to license and commercialize Articulated's patented organic light emitting diode (OLED) technology for adaptation to solar power. The deal also provides for revenue sharing between CTT and Articulated of royalty and licensing payments.



 
“CTT is positioning itself at the forefront of the paradigm shift in both energy and healthcare,” said John Nano, CTT's Chairman, President and CEO, in statement. “The current environment of record-high costs in both energy and healthcare has driven CTT's strategy of exploiting the resulting dynamic opportunities. We are capitalizing on our contacts and broadening our base of innovative technologies that fulfill these opportunities.”
 
Nano continued: “Articulated's portfolio of approximately 40 issued and pending patents fulfills those needs for alternative energy. The U.S. Department of Energy estimates that the Sun delivers more energy in one hour than the Earth's inhabitants use in one year. This portfolio of technologies allows us to put that energy to cost-effective and environmentally-friendly use.”
 
John Daniels, Founder and Chairman of Articulated, added: “We believe this relationship allows us to move forward with the development and commercialization of our break-through technologies for use in solar panel applications.”
 
Based in Avon, CT, Articulated Technologies, LLC, is focused on the development of new manufacturing technologies and methods, and device structures that span a diverse set of OLED solar, OLED and LED lighting, displays, printed electronics, backlighting, and LED solid state lighting solutions.
 
“We are looking forward to working with CTT to bring our patented technologies to market and create revenue opportunities for both companies,” said Paul Levitsky, President and CEO of Articulated, in a statement. “The technology satisfies an important growing development in today's society for cost-effective clean energy.”
 
Nano added: “This new solar panel adaptable technology, together with the group of LED technologies currently in our portfolio, further strengthens our ability to fulfill the demand for energy efficient technologies. We are also aggressively marketing technologies that embrace today's shift in the healthcare market, integrating the traditional and holistic methods of treating illness and pain. In addition to the MC Square stress reduction device, we are marketing our pain management therapy, UAD tubular-connection, bone biomaterial, and Lupus diagnostic and monitoring to drive revenue growth, improve profitability and create shareholder value. Our full technology portfolio may be viewed on our website.”
 
Established in 1968, Competitive Technologies, , is a technology transfer and licensing provider. The company identifies, develops and commercializes technologies in life, electronic, nano, and physical sciences developed by universities, companies and inventors.
 

Want to learn more about the topic covered in this article? Check out TMCnet’s White Paper Library, a collection of in-depth information on relevant topics affecting the IP communications industry. This information is free to registered users.

 
Anil Sharma is a contributing editor for TMCnet. To see more of his articles, please visit his columnist page.

(source: http://www.tmcnet.com/green/articles/15270-competitive-technologies-signs-marketing-agreement-solar-panel-technology.htm)

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