Chief Executive Officer of Comegys Insurance Joins UTEK Corporation Board of Directors

TAMPA, Fla.--(Business Wire)--
UTEK Corporation (NYSE Amex:UTK), a global IP licensing and innovation services
company announced today that Mark S. Berset has accepted the Company`s
invitation to join its Board of Directors. Mr. Berset brings extensive knowledge
of profitably scaling services businesses and delivering shareholder value.
Since 1987, Mark has served as Chief Executive Officer of Comegys, and has grown
the Company into one of the largest independent insurance agencies in the United
States.

"I am pleased that Mark will be involved in the Company during this period of
growing awareness of the importance of the UTEK IP licensing and innovation
service offering. His broad experience in the financial services industry will
make him an asset to the board," stated Doug Schaedler, President of UTEK.

Mark currently serves as the Chief Executive Officer of Comegys Insurance, a
family owned agency which is recognized as one of the largest independent
insurance agents in the United States. He is also a member of the Board of
Directors at Northstar Bank Holding Company. Mark is the Chief Executive Officer
of the Strategic Agency Network of Tampa Bay, which is the largest aggregator of
property and casualty insurance premiums in Florida. He is the immediate past
President of the Bayfront Hospital Foundation in St. Petersburg and continues to
serve as a member of the Foundation`s Board. Mr. Berset received a Bachelor in
Business Economics from St. Ambrose University and a Masters in Business
Management from Georgia State University and currently lives in St. Petersburg,
Florida.

"UTEK has established itself as a leading global IP licensing and innovation
services company. I believe they are well positioned to capture a growing
percentage of the multi-billion dollar global licensing market. I look forward
to contributing to the board of directors, and helping the company enhance
shareholder value," said Mark Berset.

About UTEK Corporation

UTEK® is a leading global IP licensing and innovation services company. UTEK`s
services enable its clients to enhance their innovation capabilities, rapidly
source externally developed technologies, create value from their intellectual
property and gain foresight into marketplace and technology developments that
could 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 is available on the Company`s website
www.utekcorp.com.

UTEK Corporation
Lesley Cohen, 202-295-6770
lcohen@hrosepr.com

Copyright Business Wire 2009