UTEK Corporation Now Doing Business as Innovaro

UTEK Corporation (NYSE Amex: UTK), a leading IP licensing and innovation services company, will now do business as Innovaro. As of today, you will find our new ticker as NYSE Amex: INV.

Effective today, the Company will organize into three primary business groups, all working under the Innovaro brand: Strategic Services – driven by Strategos, an advanced innovation consultancy; Technology Marketplaces – online platforms, partnering services, global licensing and technology transfer services; Insights & Research – futures and trends, research, information services and more.

“Over the past few years, UTEK has acquired several complimentary organizations allowing us to expand our innovation and intellectual property offerings to clients. Bringing this collection of businesses together makes us the only public company, to our knowledge, to offer a comprehensive end-to-end innovation solution,” states Doug Schaedler, CEO of Innovaro. “We have made it a priority to position and align the company to most clearly present our value to clients, potential clients, investors and the public. Doing so under one brand will allow us to present a greater cohesiveness to our clients and more fully leverage our combined value in the market.”

“As we looked to consolidate brands we chose Innovaro, a name within our current portfolio which we felt could best represent the entire company, one that could scale and grow with the business.” Terresa Zimmerman, VP Marketing of Innovaro, continues, “We believe Innovaro carries with it inherent relevancy and also the flexibility we need to raise awareness and visibility of our Company with our current and prospective clients.”

Our logo is a tessellation, a collection of forms that combine to fill a plane with no overlaps and no gaps. Like a honeycomb, some of the most complex and yet easy to comprehend structures are tessellations. The symbol is an equilateral triangle formed from seven equilateral triangles. The wordmark is based on the typeface Filosofia.

Our new logo begins to convey the Innovaro story: delivering simplicity out of complexity; representing more than the sum of its parts; inter-reliance to make a more impactful whole.

www.innovaro.com

About UTEK Corporation

UTEK Corporation, doing business as Innovaro®, is the only public company offering a comprehensive end-to-end innovation solution. With fully scalable solutions, whether for a global 1000 company or small R&D lab or university scientist, we help our clients create breakthrough innovation, realize latent value in their IP and accelerate their innovations to market. Leading companies trust us to create profitable growth, new revenue streams, enduring capabilities and lasting value through innovation. NYSE Amex: INV - www.innovaro.com

Forward-Looking Statements

Certain matters discussed in this press release are “forward-looking statements.” These forward looking statements can generally be identified as such because the context of the statement will include words such as “expects,” “should,” “believes,” “anticipates” or words of similar import. Certain factors could cause actual results to differ materially from those projected in these forward looking statements and these factors are identified from time to time in our filings with the Securities and Exchange Commission. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. This press release is available on www.innovaro.com.