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UTEK Corporation Appoints Paul Teta as Director of Global Technology Licensing and Commercialization

Wednesday, January 21, 2009

Tampa, FL -- UTEK Corporation (NYSE Alternext: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

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