Technology Development Agreement with LifeWare
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SARASOTA, Fla., March 27: Compress Technologies, Inc. , is a technology-based company with patented and protected applications that improve bandwidth and Network Topographies. CTLG's CEO, John Medico, today announced a technology development agreement with LifeWare Technologies, Inc. Mr. Medico expects this agreement and other similar agreements to generate substantial R&D revenues for CTLG's expanding engineering facility.
CTI and LifeWare Technologies, Inc. (LifeWare) have announced a joint technical development agreement in support of the LifeWare products. In this technical agreement, CTI will use its engineering R&D support group to apply LifeWare patented technology in the development of new products and also product improvements on existing lines for LifeWare.
LifeWare is a private company incorporated in the State of Ohio and is engaged in the marketing of specialty cookware products utilizing a revolutionary technology that preserves the nutrition in cooked food thereby making foods cooked with this technology healthier, while improving the texture and taste. LifeWare has identified over fifty different products that would benefit from its technology. LifeWare has generated sales and distributor agreements in the USA and European community. Thru this technology development agreement with CTI, LifeWare can bring to market products from an R&D stage to a finished product quicker to meet their anticipated market demands.
ABOUT COMPRESS TECHNOLOGIES, INC. -- Compress Technologies, Inc., (CTLG), is a Nevada based technology company with regional offices in the Tampa, Florida area and Engineering laboratories in Miami, Florida. CTLG has garnered a group of Patented and protected core technology solutions utilizing both hardware and software applications designed to greatly improve the efficiencies of bandwidth and Network Topographies for the Cable TV, FM-SCA Radio, Satellite and Wireless Industries. Many of CTLG's technologies in short claim that they "without loss of integrity shrink the size of bandwidth for digital packets to about 2% to 5% of their original size."
You may have heard of HD or "High Definition" radio being advertised as the new wave of radio. CTLG's technology goes beyond High Definition to HDE (High Definition Expanded) radio. CTLG's High Definition Expanded radio offers more than just one or two new programs next to an existing FM radio station. Currently CTLG engineers have developed HDE to 15 channels and expect soon move the capacity to (50) fifty MPEG 3 fully digital channels next to an existing FM radio station.
CTLG is in various stages of negotiations with several potential major companies interested in CTLG's application technology for International and Domestic deployment.
ADDITIONAL INFORMATION about Compress Technologies, Inc., as well as Corporate structure and stock capitalization, can be viewed on the Company's Web site: www.coteinc.com/ .
Source: Compress Technologies, Inc.
CONTACT: Tom Terwilliger, Executive VP, +1-305-628-9082, investor_relations@coteinc.com, John Medico, CEO, +1-941-373-1335, ceo@coteinc.com, both of Compress Technologies, Inc.
Web site: www.coteinc.com/
