We should be next in line in this royalty food chain, this is good news.
Competitive Technologies Reports Increased Royalty Growth From Laser Diode Technology Used In DVD-RAM Drives
FAIRFIELD, Conn.--(BUSINESS WIRE)--April 15, 1999--
DVD-RAM Drives Begin to Gain Acceptance in Market
Market For DVD-RAM Drives Expected to Grow From 200,000 Units in 1998
to 9 Million Units in 2000
Competitive Technologies, Inc. (AMEX: CTT), today reported retained royalties of $133,000 from its laser diode technology used in DVD-RAM drives for PCs and other optical storage devices for the first six months of fiscal 1999. This represents a 22% increase over the prior year comparable period. This follows CTT's announcement on January 26, 1999 of the grant of a non-exclusive license to Mitsubishi Electric Corporation. Mitsubishi is the third corporation to take a license to this technology. CTT has targeted other electronics companies worldwide and continues an aggressive licensing campaign.
Frank McPike, President of CTT stated "DVD-RAM sales are just beginning to take off and we are positioning our Company and our client, the University of Illinois, to benefit as consumers begin to add DVD-RAM to their PC's. We expect to see our royalties continue to grow as sales of DVD-RAM drives increase and as we add to our list of licensees. Our $133,000 royalty payment for the first half of fiscal 1999 is revenue of about $0.02 a share for us and we would expect that number to be substantially higher in the second half."
Market growth for DVD-RAM drives, worldwide is expected to grow from 200,000 units in 1998 to 9 million units in the year 2000. Drives for DVD-RAM have begun making their appearance at retail outlets for as little as $500. These drives can record and re-record, or rewrite data onto DVD drives. |
