Competitive Technologies Announces Financial Results for Quarter Ended March 31, 2011
- Calmare Unit Sales Increase -- First Quarterly Profit Since 2005
“We are receiving an increased number inquiries from doctors interested in the Calmare® device, both in the US and internationally,” said Aris Despo, CTTC's Executive Vice President. “The interest is an outgrowth of our expanded national and international product marketing program.”
“We continue to grow the revenue from Calmare® pain therapy device sales and control costs which we believe will produce profits throughout the year,” said Johnnie D. Johnson, CEO. “The number of Calmare® units sold in the March 31, 2011 quarter was 63 to international groups and 9 devices sold in the U.S. market, compared to 41 international sales and 2 U.S. sales for the prior year period. I compliment the entire CTTC team for their dedication and commitment. Their strong performance has been instrumental in moving this company forward.”
About Competitive Technologies, Inc
Competitive Technologies is a global leader in developing and commercializing innovative products and technologies. CTTC is multifaceted, providing distribution, patent and technology transfer, sales and licensing services. CTTC's staff is focused on the needs of customers and matching those requirements with commercially viable products or technology solutions.
CTTC is the licensed worldwide distributor of the non-invasive Calmare® pain therapy medical device, which incorporates the biophysical “Scrambler Therapy™” technology developed in Italy by CTTC‘s client, Professor Giuseppe Marineo to treat neuropathic pain, including cancer pain. The Calmare® device is currently being manufactured for sale by CTTC’s partner, GEOMC Co., Ltd. of Seoul, Korea. For more information on the device, visit www.calmarett.com. Visit CTTC's website: www.competitivetech.net . Competitive Technologies was established in 1968.
Statements made about our future expectations are forward-looking statements and subject to risks and uncertainties as described in our most recent Annual Report on Form 10-K for the year ended July 31, 2010, filed with the SEC on October 27, 2010, and other filings with the SEC, and are subject to change at any time. Our actual results could differ materially from these forward-looking statements. We undertake no obligation to update publicly any forward-looking statement.
Website: http://www.competitivetech.net
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Jean Wilczynski
IR Services, LLC
+1 860.434.2465
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This news is a press release provided by Competitive Technologies.
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2011년 9월 22일 08:50
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2011년 8월 19일 08:57