FAIRFIELD, Conn., Sept. 25, 2000 (PRIMEZONE) -- Competitive Technologies, Inc. (AMEX:CTT) announced today that its client NTRU Cryptosystems, Inc. (www.ntru.com) and IFsec (www.ifsec.com) have formed a strategic partnership to provide customers with a unique solution for secure digital media distribution. The partnership combines the advanced encryption technology of NTRU (pronounced "En' true"), and IFsec's expert media and entertainment security consulting. It will bring content and service providers, and their customers, a strong baseline security infrastructure specifically designed to protect content delivery that does not in any way hamper the enjoyment of digital media.
"Competitive Technologies owns approximately 10% of NTRU's equity and will also receive a small royalty on revenues produced by NTRU. CTT was instrumental in providing NTRU with a suite of custom incubation services at its founding," said Frank R. McPike, President of CTT. "We are pleased to see the agreement between NTRU and IFsec. The partnership affords content providers with a high level of security as they move towards the broadband marketplace."
The NTRU - IFsec venture will enable broadband distribution with the highest levels of security and performance. NTRU's public key cryptography offers high security, high speed, small footprint, and unlimited scalability to meet today's media distribution challenges. For example, a three-hour movie can be encrypted using over 1,000 unique keys - one key for each second of video content. (Additional information is available at the CTT website: http://www.competitivetech.net.)
Other NTRU applications include securing wireless data communications, digital music and video distribution, mobile e-commerce and Internet applications. The technology was developed by a team of Brown University mathematics professors.
IFsec is a world leader in developing strategy and providing professional services to companies that need to protect their intellectual capital. Fortune 500 corporations, government agencies, major online retailers and others turn to IFsec to provide best of breed security policies and infrastructures.
About Competitive Technologies, Inc.
Competitive Technologies is a global leader in identifying, developing and commercializing innovative life sciences, physical sciences and digital technologies. Competitive Technologies' specialized expertise and experience make it a valuable partner for inventors, companies and universities of all sizes. CTT has been responsible for closing hundreds of licensing agreements. CTT clients and licensees include: Sony, Matsushita Electric Industrial, The University of Colorado, NTRU Cryptosystems, Inc., Palatin Technologies, Inc. and Ribozyme Pharmaceuticals, Inc. Competitive Technologies, Inc. is based in Fairfield, Connecticut and has affiliates in Osaka, Japan and London, England.
Statements about the Company's future expectations, including development and regulatory plans, and all other statements in this document other than historical facts are "forward-looking statements" within the meaning of applicable Federal Securities Laws and are not guarantees of future performance. These statements involve risks and uncertainties related to market acceptance of and competition for the Company's licensed technologies and other risks and uncertainties inherent in CTT's business, including those set forth in Item 1 of the Company's Form 10-K for the year ended July 31, 1999 and other factors that may be described in CTT's filings with the SEC, and are subject to change at any time. The Company's actual results could differ materially from these forward-looking statements. The Company undertakes no obligation to update publicly any forward-looking statement.