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FAIRFIELD,
Conn., Sept. 20 /PRNewswire-FirstCall/ -- Competitive
Technologies, Inc. (AMEX:CTT) have announced that
it has granted an exclusive option to research the
manufacture and use of CTT's nanotechnology bone biomaterial
for dental applications to a major, diverse dental
products company. CTT has an exclusive agreement with
the University of South Carolina Research Foundation
(USCRF) to license and commercialize this nanotechnology.
The technology, an injectible calcium phosphate-based
biomaterial, is from the work of Dr. Brian Genge,
a research professor in the Department of Chemistry
and Biochemistry at the University of South Carolina.
"The agreement to develop products using USCRF's
innovative nanoparticle biomaterial technology in
the dental products market is an example of CTT fulfilling
unsatisfied market needs from its portfolio of technology
solutions," said Suzanne N. B. Alent, CTT's VP
Marketing and Business Development. "This agreement
establishes CTT as a value-added partner in the dental
medical device industry."
Applications in this agreement are for dental use.
The technology can also be applied to human bones,
especially related to the spine, and veterinary uses.
The bone biomaterial technology is an easily flowable,
moldable paste that conforms to and interdigitates
with the host bone. It rapidly hardens itself in vivo,
forming a solid bone-like structure capable of stabilizing
fractured bone within 15 minutes. The technology has
superior compressive strength making it suitable for
weight and non-weight bearing bones, and is both machinable
and drillable.
John B. Nano, CTT's President and CEO said, "Bone
biomaterial is just one of the important innovative
technologies in our exciting portfolio. CTT is actively
marketing and commercializing several technologies,
including homocysteine assays, sexual dysfunction
treatment, video compression and decoding technology,
sunless tanning application, silicon carbide wafer
testing, animated graphical password security technology,
language-mastering software, specialty chemical compounds,
pollution abatement process, and the Therapik(R) thermal
therapy."
Source: Competitive Technologies, Inc.
CONTACT: Johnnie D. Johnson of Strategic IR, Inc.,
+1-212-754-6565, Fax
+1-212-754-4333, jdjohnson@strategic-ir.com or ctt@competitivetech.net
Web site: http://www.competitivetech.net/
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