ITT Licensing Secures Exclusive Developmental Agreements with New York-based Innovation Direct™ Company on Two Inventions

ITT Licensing Secures Exclusive Developmental Agreements with New York-based Innovation Direct™ Company on Two Inventions


ITT Licensing announces it has secured exclusive developmental agreements on two inventions from its roster with a company that is an integral part of ITT's Innovation Direct™ program.

Miami, FL, March 23, 2008 --(PR.com)-- ITT Licensing, a South Florida-based leader in product licensing for a decade, is pleased to report that it has entered into exclusive developmental agreements for two of its inventor clients' inventions with a New York-based company that is part of ITT's dynamic new product subscription service for manufacturers, Innovation Direct™.

The New York-based company displaying the advanced level of interest in these two items has been considered a leader in product development and commercialization for a decade, and boasts over 300 product success stories to date according to their official company website.

The company took an interest in the two concepts after receiving preliminary information on them in the latest Innovation Direct™ package of innovations sent to them by ITT Licensing. Innovation Direct™ is a dynamic new product idea subscription service for manufacturers, wherein ITT Licensing delivers information on new product ideas tailored specifically to a company's stated needs in one convenient e-mail communication.

The agreements signify that the company will be performing their due diligence over the next several weeks on the potential of the two inventions and will evaluate their possible long-term fit with their product lines. If the product ideas are deemed worthy of commercialization by the company, then ITT Licensing will enter into negotiations on a licensing agreement for each with the manufacturer.

About ITT Licensing: ITT Licensing is the trade name for International Technology Transfer, Inc., a South Florida based leader in the field of new product licensing and intellectual property transfer for more than a decade.

Contact:
Juan C. Blanco, Director of Product Licensing
International Technology Transfer, Inc.
(786) 232-6133 Voice
(305) 238-5647 Fax
press@ittlicensing.com
www.ITTLicensing.com