8-K

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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

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                                    FORM 8-K

                 CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d)
                     OF THE SECURITIES EXCHANGE ACT OF 1934

                                December 29, 2004
                Date of Report (Date of earliest event reported)

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                         COMPETITIVE TECHNOLOGIES, INC.
             (Exact name of registrant as specified in its charter)

Delaware                              1-8696                    36-2664428
(State or other jurisdiction of     (Commission              (I.R.S. Employer
incorporation)                     File Number)            Identification No.)

                 1960 Bronson Road, Fairfield, Connecticut 06824
               (Address of principal executive offices) (Zip Code)

                                 (203) 255-6044
              (Registrant's telephone number, including area code)

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                                 Not Applicable
          (Former Name or Former Address, if Changed Since Last Report)


     Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:

[] Written communications pursuant to Rule 425 under the Securities Act
   (17 CFR 230.425)

[] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
   (17 CFR 240.14a-12)

[] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
   Act (17 CFR 240.14d-2(b))

[] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
   Act (17 CFR 240.13e-4(c))

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Item 8.01                  Other Events.

     On December 29, 2004, Competitive Technologies, Inc. ("CTT") announced that
another one of its patents had been deemed essential for companies that use the
MPEG-4 Visual Standard, and that the patent has been incorporated into the
MPEG-4 Visual Patent Portfolio License Pool effective January 1, 2005.


     Applications of the patented technology include image/video on the
Internet, wireless video, and networked video games. The technology allows the
coding of images and video with high efficiency and relatively low complexity.


     In addition, Mr. John B. Nano, CTT's President and Chief Executive Officer,
also announced that recent agreements for homocysteine royalties and license
fees will be the initial drivers for expected double-digit growth in revenue and
net income for the fiscal year ending July 31, 2005.


A copy of the press release is attached as Exhibit 99.1.


Item 9.01.        Financial Statements and Exhibits

         (c)      Exhibits.

Exhibit No.                Description
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Exhibit 99.1               Press release dated December 29, 2004.


                                   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.

Date:    January 3, 2005           By:      /s/ John B. Nano
                                            Name:    John B. Nano
                                            Title:   President and
                                                     Chief Executive Officer

                                  EXHIBIT INDEX

Exhibit No.                Description
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Exhibit 99.1               Press release dated December 29, 2004.

EX-99.1

                                                                    Exhibit 99.1

                                                          For Immediate Release:

             COMPETITIVE TECHNOLOGIES SECOND PATENT DEEMED ESSENTIAL
                       FOR MPEG-4 TECHNOLOGY LICENSE POOL

            CTT Provides Double-Digit Growth Outlook for Fiscal 2005

Fairfield, CT - (December 29, 2004) - Competitive Technologies, Inc. (AMEX:
CTT) announced today that a second of its patents has been deemed essential for
companies that use the MPEG-4 Visual Standard, and has been incorporated into
the MPEG-4 Visual Patent Portfolio License Pool effective January 1, 2005.
Applications of the patented technology include image/video on the Internet,
wireless video, and networked video games. The technology allows the coding of
images and video with high efficiency and relatively low complexity.

The MPEG licensing administrator (MPEG LA) provides a license to those
requiring the essential patent rights to MPEG-4 technology. Using MPEG LA is the
easiest, most cost-effective way to obtain the rights to use the complex and
highly developed technology. The MPEG-4 Patent Portfolio Licenses currently
include patents owned by more than twenty companies in addition to CTT. The
intent of the patent pool is to provide users worldwide access to all MPEG-4
essential intellectual property through one organization that grants licenses
and collects royalties. Over 160 organizations currently license the MPEG-4
technology including Microsoft, Sony, Samsung, Apple, Canon, Cisco, General
Instrument, Hitachi, LG Electronics, Matsushita, Mitsubishi, NTT and Sharp.

Dr. D. J. Freed, CTT's Executive Vice President and Chief Technology
Officer said, "The commercialization of this Lehigh-developed technology with
the MPEG-4 consortium is another example of how CTT successfully works with
academia, and demonstrates the experience and expertise we bring to our clients.
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,
public key encryption technology, nanotechnology bone biomaterial, specialty
chemical compounds, and the Therapik(R) medical device."

Double-Digit Growth Outlook for Fiscal 2005

"Our recent agreements for homocysteine royalties and license fees will be
the initial drivers for our expected double-digit growth in revenue and net
income for fiscal 2005 ending July 31, 2005," said John B. Nano, CTT's President
and CEO. "We expect recurring revenues from our MPEG-4 technology for many years
to come. We are in a licensing market that demands technologies like our MPEG-4
visual technologies, our homocysteine assay and other technologies in our
portfolio."

"I believe CTT's stock is trading at a very low p/e considering our
trailing four quarters of earnings of $0.55 per share and our valuable portfolio
of innovative technologies," said Mr. Nano. "We have assembled an outstanding
management team that is delivering on our strategy for growth and increasing
shareholder value.

About MPEG LA, LLC

MPEG LA successfully pioneered one-stop technology standards licensing with
a portfolio of essential patents for the international digital video compression
standards. One-stop technology standards licensing enables widespread
technological implementation, interoperability and use of fundamental
broad-based technologies covered by many patents owned by many patent holders.
MPEG LA provides users with fair, reasonable, nondiscriminatory access to these
essential patents on a worldwide basis under a single license. MPEG LA is an
independent licensing administrator; it is not a patent holder and is not
related to any standards agency. More information about MPEG LA and a complete
list of licensees and licensors may be found at their website:
http://www.mpegla.com.

About Lehigh University

For nearly 140 years, Lehigh University (www.lehigh.edu) has combined
outstanding academic and learning opportunities with leadership in fostering
innovative research and the development of technological applications. As a
Class 1 research university, Lehigh is home to some of the most sophisticated
laboratory equipment in the world. Lehigh's unwavering commitment to academic
excellence across its four colleges and many disciplines is illustrated by its
$75 million investment to develop new academic programs and enhance Lehigh's
learning environment. Lehigh works with industrial liaison programs, business
development programs and philanthropic leaders to facilitate strategic
relationships focused on research, innovative programs and curriculum
development, career development and recruitment, executive education, community
outreach, and other areas of support. The Office of Research and Sponsored
Programs is responsible for the administration of University owned Intellectual
Property including patents, copyrights, licensing, commercialization, and
distribution.

About Competitive Technologies, Inc.

Competitive Technologies, established in 1968, is a full service technology
transfer and licensing provider focused on the technology needs of its customers
and transforming those requirements into commercially viable solutions. CTT is a
global leader in identifying, developing and commercializing innovative
technologies in life, digital, nano, and physical sciences developed by
universities, companies and inventors. The global market for technology transfer
services is estimated at $150 billion annually. CTT maximizes the value of
intellectual assets for the benefit of its customers, clients and shareholders.
Visit CTT's website: http://www.competitivetech.net

Statements about our 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 inherent in our
business, including those set forth in Item 7 under the caption "Risk Factors,"
in our most recent Annual Report on Form 10-K filed with the SEC on October 29,
2004, and other factors that may be described in our 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.

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