-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, FojDd18FPJnMNOSz2jtaLh/ugu6bR/scxeKCiqMfMOK+VGAmc42Vn3GE6PZ1bqSg FvOKpp2exWM2gp8SQ5AueA== 0000102198-02-000005.txt : 20020814 0000102198-02-000005.hdr.sgml : 20020814 20020725170102 ACCESSION NUMBER: 0000102198-02-000005 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20020723 ITEM INFORMATION: Other events FILED AS OF DATE: 20020725 DATE AS OF CHANGE: 20020813 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COMPETITIVE TECHNOLOGIES INC CENTRAL INDEX KEY: 0000102198 STANDARD INDUSTRIAL CLASSIFICATION: PATENT OWNERS & LESSORS [6794] IRS NUMBER: 362664428 STATE OF INCORPORATION: DE FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-08696 FILM NUMBER: 02711125 BUSINESS ADDRESS: STREET 1: 1960 BRONSON ROAD STREET 2: P.O. BOX 340 CITY: FAIRFIELD STATE: CT ZIP: 06430 BUSINESS PHONE: 2032256044 MAIL ADDRESS: STREET 1: 1960 BRONSON ROAD STREET 2: P.O. BOX 340 CITY: FAIRFIELD STATE: CT ZIP: 06430 FORMER COMPANY: FORMER CONFORMED NAME: UNIVERSITY PATENTS INC DATE OF NAME CHANGE: 19920703 8-K 1 f8k-702.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) July 23, 2002 COMPETITIVE TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter) Delaware 1-8696 36-2664428 (State or other (Commission File (IRS Employer jurisdiction Number) Identification No. of incorporation) 1960 Bronson Road, Fairfield, Connecticut 06824 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (203) 255-6044 1960 Bronson Road, Fairfield, Connecticut 06430 (Former name or former address, if changed since last report) Item 5. Other Events and Regulation FD Disclosure. Effective July 23, 2002, Competitive Technologies, Inc. (CTT) agreed with the University of Illinois, CTT's client, that the University of Illinois would take the lead in the patent infringement litigation against Fujitsu currently before the U.S. District Court for the Northern District of California. The University of Illinois will also assume the cost of new lead counsel, Irell & Manella. Before this agreement, CTT bore the entire costs of lead counsel fees in this litigation. CTT will withdraw as co-plaintiff from this litigation but retains an economic interest in its potential favorable outcome. (See paragraphs 1, 2 and 4 of Note 6 to CTT's Condensed Financial Statements and Management's Discussion and Analysis in its report on Form 10-Q for the quarterly period ended April 30, 2002, for further information related to this litigation.) Item 7. Financial Statements and Exhibits. (c) Exhibits. Page 99.1 Registrant's press release dated July 25, 2002 3-4 Signatures Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. COMPETITIVE TECHNOLOGIES, INC. Registrant Date: July 25, 2002 S/ Frank R. McPike, Jr. By: Frank R. McPike, Jr. Executive Vice President, Chief Financial Officer and Authorized Signer EX-99.1 4 ex99-1.txt Exhibit 99.1 COMPETITIVE TECHNOLOGIES CLIENT UNIVERSITY OF ILLINOIS TO ASSUME LEAD IN FUJITSU PDP PATENT INFRINGEMENT CASE Fairfield, CT - (July 25, 2002) - Competitive Technologies, Inc. (AMEX: CTT) announced today an agreement with the University of Illinois for the University to take the lead in the patent infringement litigation against Fujitsu currently before the U.S. District Court for the Northern District of California. The University, CTT's client, will also assume the cost of new lead counsel, Irell & Manella. Up to this point, lead counsel fees have been the sole responsibility of CTT. CTT will withdraw as co- plaintiff, retaining economic interest in the suit. The University of Illinois has taken this action to further protect the interest and rights of the citizens of Illinois. The suit alleges that plasma display panels (PDPs) being sold by Fujitsu infringe US Patent Nos. 4,866,349 and 5,081,400 held by CTT's client, the University of Illinois. The two patents emanate from scientific discoveries made at the University by inventors, Dr. Larry F. Weber, Kevin W. Warren and Mark B. Wood, which were assigned to the University. Their inventions provide for energy recovery used in PDPs and plasma display flat television screens. John B. Nano, CTT's President and CEO stated, "We fully anticipate a favorable ruling by the court against Fujitsu in this patent infringement action protecting our clients, our licensees and our shareholders." The use of the patented technology is a critical component of plasma display screens and televisions. Matsushita Electric Industrial Co., Ltd. and their subsidiary, Plasmaco, Inc., are non-exclusive licensees of the patented technology. Their products include Panasonic brand 42 and 60-inch flat screen units. About Competitive Technologies, Inc. Competitive Technologies, established in 1968, is a global leader in identifying, developing and commercializing innovative life sciences, physical sciences, digital technologies and electronics. CTT's specialized expertise and experience make it a valuable partner to assist technology-rich universities, inventors and companies, of all sizes, to maximize the value of their intellectual assets. Visit CTT's website: http://www.competitivetech.net 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, including those set forth in Item 1 of the Company's most recent Form 10-K and 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. Direct inquiries to: Johnnie D. Johnson, Strategic IR, Inc. E-mail: jdjohnson@strategic-ir.com Tel. (212) 754-6565 Fax (212) 754-4333 E-mail: ctt@competitivetech.net -----END PRIVACY-ENHANCED MESSAGE-----