UTEK appoints Paul Teta

 

TIDMUTK 
 
 
UTEK Corporation 
21 January 2009 
 
 
 
 
 
UTEK Corporation Appoints Paul Teta as Director of Global Technology Licensing 
and Commercialization 
 
 
Tampa, FL -- (BUSINESS WIRE) - January 21, 2008 -- UTEK Corporation (NYSE 
Alternext & LSE-AIM: UTK), an innovation services company, today announced that 
it has appointed Paul Francis Teta as Director of Global Technology Licensing 
and Commercialization. 
 
In his new role Mr. Teta will assist UTEK's Global Technology Licensing clients 
in finding and acquiring new technologies. In addition, he will direct the 
Company's intellectual property value enhancement activities. Mr. Teta's 
assistance to UTEK's clients will include assessment of their IP portfolios to 
develop strategies to enhance their value. 
 
Mr. Teta is an experienced intellectual property practitioner. His expertise 
lies in helping clients create an effective intellectual property protection and 
value enhancement strategy. Prior to joining UTEK Mr. Teta served more than 
twenty years with BP (and its predecessor Amoco). In his most recent positions 
at BP, he was the Manager of Intellectual Asset Management and of Intellectual 
Capital Management. Prior to that, he was the Chief Operating Officer of BP's 
IT technology incubator. 
 
Mr. Teta holds a Juris Doctorate and a Master of Law degree in Intellectual 
Property from DePaul University, and is a licensed attorney in Illinois. Mr. 
Teta also holds a Bachelor and a Master of Science degree in Textile Technology 
from Texas Tech University and the Institute of Textile Technology, 
respectively. 
 
 
His affiliations include the Licensing Executives Society, the American 
Intellectual Property Law Association, the Institute of Law and Technology, 
Omicron Delta Kappa, the American Bar Association, and the Illinois Bar 
Association. 
 
"We are very pleased to appoint Mr. Teta to the position of Director of Global 
Technology Licensing and Commercialization.  We are confident he will bring a 
great deal of leadership, knowledge, and practice experience to our technology 
licensing team, which has completed more than 100 licensing transactions," 
commented Bill Cawley, Sr. Vice President of UTEK. 
 
 
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 the small number of transactions that are 
completed each quarter, the value of individual 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. 
 
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| Contacts:                     | 
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| UTEK Corporation              | 
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| USA:                          | 
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| Allen & Caron, Inc.           | 
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| Brian Kennedy                 | 
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| [e-mail]          | 
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| 212-691-8087                  | 
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            The company news service from the London Stock Exchange 
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