UTEK Corporation - Directorate Change

TAMPA, Fla.--(Business Wire)--
UTEK Corporation (NYSE AMEX: UTK) (LSE-AIM: UTK), a leading innovation services
company, announces the forthcoming resignation of Francis Maude as Non-Executive
Director. With a UK General Election due by June 2010, Francis Maude will step
down as a Non-Executive Director at the end of 2009. The Company plans to
appoint a replacement in the coming months.

The Rt. Hon. Francis Maude commented, "I have been a Non-Executive Director at
UTEK for three years and have seen it develop from a technology transfer company
into a leading global growth and innovation firm helping clients capture the
full value of all their intellectual capital. UTEK is well positioned for the
future and is led by an excellent management team focused keenly on scaling the
business profitably and sustainably. It has been and remains a pleasure to be
involved with it."

About UTEK Corporation

UTEK® is a leading innovation services company. UTEK's services enable 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. Such
forward-looking statements are subject to certain risks and uncertainties, which
could cause actual results to differ materially from those currently
anticipated. 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. This press release (when filed) will be available on the
Company`s website www.utekcorp.com.

UTEK Corporation
USA:
Lesley Cohen, 202-295-6770
lcohen@hrosepr.com
or
UK:
Fairfax I.S. Plc - AIM Nominated Adviser & Broker
Jeremy Porter, + 44 (0)20 7598 5368

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