Fairfield, CT and Boston, MA, 13 December 2006—Competitive Technologies, Inc. (AMEX: CTT), a leader in intellectual property licensing, and yet2.com, a worldwide technology marketplace and consultancy, have formed a strategic alliance to maximize marketing of intellectual property on a global basis. Under the terms of the agreement, both companies will make their technology portfolios available to each other’s clients.

yet2.com’s unique electronic marketplace brings together innovative technologies and organizations that can put them to use. “With approximately 100,000 registered users in our online marketplace, we have tremendous global reach. We are excited to be working with Competitive Technologies and we believe their university contacts will help further broaden the scope of technologies available for licensing,” said Ben DuPont, President of yet2.com.

“We see a lot of synergies between Competitive Technologies and yet2.com and we believe that our partnership will yield greater results for our clients and increase value for our shareholders,” added D.J. Freed, Ph.D. President and Chief Executive Officer of Competitive Technologies, Inc.

“We are excited to bring the companies together in a mutual relationship to commercialize client technologies,” commented Kevin Drumm, Business Development Executive for Competitive Technologies, Inc. “The breadth of technologies our combined firms have access to will not only benefit our current clients seeking technology, but will greatly expand our industry contacts for licensing technology under our traditional and more personalized service and representation model.”

“We expect that by exposing our inventories to each other’s client base we will create more licensing opportunities,” added Dr. Freed. As part of the agreement, yet2.com and Competitive Technologies will aggressively start cross-marketing efforts, beginning with the reciprocal listing of technologies on their websites.

About yet2.com

yet2.com provides intellectual property consulting and licensing services to world-class clients around the globe. Yet2.com Inc and its online marketplace were founded in 1999 to promote technology licensing and transfer, with original investments from Siemens, Bayer, Honeywell, DuPont, Procter & Gamble, Caterpillar, and NTT Leasing. The privately held company has offices in the United States, Europe, and Japan. The web site now has over 100,000 registered marketplace users including many of the Fortune 500 and over 11,000 SMEs. In addition to its core team, yet2.com has created a wide network of technology transfer partners covering many of the technology-rich countries around the world as well as relationships with technology transfer organizations, technical expert networks, SME networks, technical magazines, online technical communities, and technology brokers. These provide market-wide access to technologies and needs in countries such as Russia, China, India, Korea, Brazil, South Africa, Japan, the US, and Europe. For more information, visit www.yet2.com.

About Competitive Technologies, Inc.

Competitive Technologies, established in 1968, is a full service technology transfer and licensing provider, focused on bringing the intellectual property assets of its clients to the marketplace. CTT specializes in identifying, developing and commercializing innovative technologies in a variety of areas, including life and physical sciences, electronics, and nanotechnologies. Through its global distribution platform, CTT maximizes the value of its clients’ intellectual property assets. For more information, please visit: www.competitivetech.net.

Statements about our future expectations, including development and regulatory plans, and all other statements in this press release, other than historical facts, are “forward-looking statements” within the meaning of applicable Federal Securities Laws, and are not guarantees of future performance. If and when used herein, the words “may,” “will,” “should,” “anticipate,” “believe,” “intend,” “plan,” “expect,” “estimate,” “approximate,” and similar expressions, as they relate to us or our business or management, are intended to identify such forward-looking statements. These statements involve risks and uncertainties related to our ability to obtain rights to market technologies, market acceptance of and competition for our licensed technologies, growth strategies and strategic plans, operating performance and financing of our operations, industry trends, and other risks and uncertainties inherent in our business, including those set forth in Item 1A under the caption “Risk Factors,” in our most recent Annual Report on Form 10-K for the year ended July 31, 2006, filed with the Securities and Exchange Commission (“SEC”) on October 30, 2006, 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.

Contacts:
yet2.com
Tim Bernstein 1 781-972-0600

Contact:
Competitive Technologies, Inc.:
Jennifer Carberry, Director of Marketing, Competitive Technologies, Inc. 1 203-368-6044