FAIRFIELD, Conn., Oct. 9, 2009 (GLOBE NEWSWIRE) -- Competitive Technologies, Inc. (NYSE Amex:CTT) announced today that it has signed a sales agreement with Calmar Pain Relief, LLC, a Delaware limited liability company (“Calmar”), with its headquarters in North Providence, Rhode Island. Next month, Calmar will furnish CTT’s MC-5A pain therapy medical device to Stephen D’Amato, M.D., F.A.C.E.P., who will open his first pain therapy treatment center exclusively using CTT’s device. Calmar will also furnish CTT’s MC-5A pain therapy medical device to other medical doctors who will open pain therapy treatment centers in selected U.S. cities. The agreement calls for Calmar to purchase a minimum of 20 of CTT’s pain therapy medical devices with an estimated retail value of approximately $1 million over the next 14 months. The agreement also allows Calmar to purchase an additional 38 devices by November 2011, with an estimated retail value of approximately $2 million.
