Nov 26 2007
Competitive Technologies, Inc. and Articulated Technologies, LLC today announced that they have signed an agreement for CTT to license and commercialize Articulated's patented organic light emitting diode (OLED) technology for adaptation to solar power. The agreement provides for revenue sharing between CTT and Articulated of royalty and licensing payments.
"CTT is positioning itself at the forefront of the paradigm shift in both energy and healthcare," said John B. Nano, CTT's Chairman, President and CEO. "The current environment of record-high costs in both energy and healthcare has driven CTT's strategy of exploiting the resulting dynamic opportunities. We are capitalizing on our contacts and broadening our base of innovative technologies that fulfill these opportunities. Articulated's portfolio of approximately 40 issued and pending patents fulfills those needs for alternative energy. The U.S. Department of Energy estimates that the Sun delivers more energy in one hour than the Earth's inhabitants use in one year. This portfolio of technologies allows us to put that energy to cost-effective and environmentally-friendly use."
John Daniels, Founder and Chairman of Articulated, said, "We believe this relationship allows us to move forward with the development and commercialization of our break-through technologies for use in solar panel applications."
In addition to the solar panel technology, Articulated is the innovative leader in logical, yet truly disruptive, technologies for roll-to-roll LED solid state lighting, OLED manufacturing, and device structures of thin film, flexible, light emissive materials in ILED (Inorganic Light Emitting Diodes) and OLED applications. These applications include lighting, signage, displays, and backlighting, and medical, automotive, architectural and safety products. Articulated also holds IP on new methods of packaging microelectronics and semiconductors, and on printed electronics.
Paul Levitsky, President and CEO of Articulated, said, "We are looking forward to working with CTT to bring our patented technologies to market and create revenue opportunities for both companies. The technology satisfies an important growing development in today's society for cost-effective clean energy."
Mr. Nano added, "This new solar panel adaptable technology, together with the group of LED technologies currently in our portfolio, further strengthens our ability to fulfill the demand for energy efficient technologies.