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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Utek Corp | LSE:UTK | London | Ordinary Share | COM STK USD0.01 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 250.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMUTK UTEK Corporation 27 January 2009 UTEK Corporation Announces Launch of Corporate Innovation Webinar and Recent Operational Developments Tampa, FL -- (BUSINESS WIRE) - January 27, 2009 -- UTEK Corporation (NYSE Alternext & LSE-AIM : UTK), a leading innovation services company, is pleased to announce the launch of a new webinar series on innovation as well as select corporate developments. In these tough economic times, it is imperative for companies to become better innovators. To address this need, today we are announcing the introduction of a webinar series on Corporate Innovation, which UTEK will be sponsoring. Additional details of this offering are to follow in the coming days, but we are enthused to have Gary Hamel, a founder of Strategos, as our first speaker. The Wall Street Journal recently ranked Gary Hamel as one of the most influential business thinkers in the world and we are pleased that he will be the first headline speaker in the series on February 12, 2009. In addition to the webinar series, below are a few operational updates on UTEK. * 450 active client accounts across all business divisions * More than half of current Technology Search clients are from Global 2000 * Current headcount of 120 professionals vs. 55 at the end of 2007 * Managerial expertise enhanced through recent acquisitions * Recent addition of Paul Teta as Director of Global Technology Licensing and Commercialization (formerly served as manager of intellectual assets at BP) "These are just some of the operational developments occurring at UTEK," stated Clifford M. Gross, Ph.D., Chief Executive Officer. "Despite the challenging economy, we remain passionate about our focus of helping companies around the world improve their ability to innovate and develop new products and services." About UTEK Corporation UTEK is a leading innovation services company. UTEK enables clients to become stronger innovators, rapidly source externally developed technologies, create value from their intellectual property and gain foresight into marketplace and technology developments that affect their business. UTEK is a business development company. For more information about UTEK, please visit its website at www.utekcorp.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 UTEK "expects," "should," "believes," "anticipates" or words of similar import. Similarly, statements that describe UTEK's future plans, objectives or goals are also forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties, including the financial performance of UTEK and the valuation of UTEK's investment portfolio, which could cause actual results to differ materially from those currently anticipated. Although UTEK believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, it cannot give any assurance that its expectations will be attained. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating any forward-looking statements. Certain factors could cause results and conditions to differ materially from those projected in these forward-looking statements, and some of these factors are discussed below. These factors are not exhaustive. New factors, risks and uncertainties may emerge from time to time that may affect the forward-looking statements made herein. These forward-looking statements are only made as of the date of this press release and UTEK does not undertake any obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. UTEK's operating results could fluctuate significantly due to a number of factors. These factors include, levels of consulting activity, variability in the growth rate of our business, consultant utilization rates, consultant and project billing rates, and number of revenue-generating professionals; our ability to expand our service offerings; that we successfully integrate the businesses we acquire; challenging financial conditions, including those in the credit markets, the small number of transactions and engagements that are completed each quarter, the value of individual contracts and transactions, the timing of the recognition and the magnitude of unrealized and realized gains and losses of companies in its portfolio, UTEK's dependence on the performance of its operating divisions as well as the companies in its portfolio, the possibility that advances in technology could render the technologies it has transferred obsolete, the loss of technology licenses by companies in its portfolio, the degree to which it encounters competition in its markets, the volatility of the stock market and the volatility of the valuations of the companies it has invested in as it relates to its realized and unrealized gains and losses, the concentration of investments in a small number of companies, marketplace demand for innovation consulting services as well as other general economic conditions. As a result of these and other factors, current results may not be indicative of UTEK's future performance. For more information on UTEK and for a more complete discussion of the risks pertaining to an investment in UTEK, please refer to UTEK's filings with the Securities and Exchange Commission. +---------------------------------------+ | Contacts: | +---------------------------------------+ | UTEK Corporation | +---------------------------------------+ | USA: | +---------------------------------------+ | Allen & Caron, Inc. | +---------------------------------------+ | Brian Kennedy | +---------------------------------------+ | brian@allencaron.com | +---------------------------------------+ | 212-691-8087 | +---------------------------------------+ | UK: | +---------------------------------------+ | Fairfax I.S. Plc, AIM Broker & | | Nominated Adviser | +---------------------------------------+ | Jeremy Porter | +---------------------------------------+ | + 44 (0) 20-7598-5368 | +---------------------------------------+ This information is provided by RNS The company news service from the London Stock Exchange END NRAIFFIFLRIRFIA
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