UTEK Corporation (NYSE Amex:UTK), a leading IP licensing and innovation services company, and Patents.com, one of the world's most comprehensive sources of patent data, announce today a partnership, bringing their clients enhanced services.

In this new relationship, UTEK will provide in-licensing, out-licensing and analytics services to Patents.com’s 50,000 plus registered users. The partnership will bring increased traffic to UTEK’s online platforms and increased visibility for clients listing patents on those sites; ultimately driving more value realization from their IP assets.

“We’re excited to be able to offer enhanced services and unique content to our communities. Our partnership with UTEK will make it easier for those who are seeking in and out-licensing opportunities to view the breadth and depth of what may be available to them,” stated Paul Ratcliffe, Chief Executive Officer of Patents.com.

“We are pleased to have this relationship commence with the recent introduction of our new online pricing model. Through this partnership we will syndicate licensing data from our online platforms direct to the growing Patents.com community, and millions of new visitors will now be exposed to our unique content. We believe this increased, well-targeted traffic will drive market efficiencies and help our clients realize more value from their IP portfolios," commented Doug Schaedler, Chief Executive Officer of UTEK Corporation.

Through the partnership, UTEK will assume an Advisory role on the Patents.com Board of Directors as well as have a right of first refusal to acquire Patents.com over the next six-months.

For more information please visit: www.patents.com or www.utekcorp.com

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.

About Patents.com

Patents.com provides the most comprehensive worldwide source of patent data - to include 450 million searchable indexed patent pages available in 15 native languages – combined with sophisticated community tools. It is a source for patent data and analytic tools and a hosted community platform enabling users to connect to generate business opportunities, including the licensing and sale of intellectual property. For more information about Patents.com, please visit its website at www.patents.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 or Patents.com “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.

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