UTEK Corporation Announces the Launch of MedicalDeviceLicensing.com

TAMPA, Fla.--(Business Wire)--
UTEK Corporation (NYSE Amex:UTK), a global IP licensing and innovation services
company, is pleased to announce the launch of its new online IP licensing
platform for health-care devices: www.MedicalDeviceLicensing.com. The site is
the third for UTEK in the healthcare sector and represents an online global
resource for open innovation, partnering, licensing and business development
within the medical device industry.

The site`s unique services complement and enhance business development activity
throughout the deal making process. The creation of a corporate Profile on the
platform will unveil a company`s partnering requirements to a focused and
targeted audience of the key decision-makers within the healthcare industry. In
addition to the Profile Services, MedicalDeviceLicensing.com provides the
Partner Search Service which analyzes the needs of a client, creating a
"Prospect List" of pre-qualified potential partners, coordinating company
introductions and handling deal negotiations.

Doug Schaedler, President of UTEK commented, "We are pleased to announce the
addition of our newest online licensing platform. We feel that it will become a
valuable tool in the medical device community and builds on the healthcare
sector strength we currently have with the pharmalicensing.com site, already the
leading licensing platform in the pharmaceutical sector."

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. 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.
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 UTEK`s website www.utekcorp.com.

UTEK Corporation, Tampa
Lesley Cohen, 202-294-6770
lcohen@hrosepr.com

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