UTK Utek Corp.

UTEK Corporation (NYSE Amex: UTK), a leading IP licensing and innovation services company, is pleased to announce a partnership between MEDEC and MedilinkUK and its online licensing marketplaces, Pharmalicensing and Medical Device Licensing. Through this partnership, hundreds of new companies can take advantage of UTEK's growing network of registered companies and industry professionals, all looking to identify licensing and partnering opportunities worldwide.

MEDEC is the national association for the Canadian medical technology industry, and MedilinkUK is the leading network of regionally-based organizations working to grow the economic impact of UK Life Sciences. The partnerships will bring UTEK to large clusters of critical life sciences organizations in Canada and the UK. MEDEC and MedilinkUK will be able to bring their membership increased IP license exposure and access with minimized risk and cost preferences through UTEK’s Medical Device Licensing online marketplace.

UTEK’s Medical Device Licensing is a key element in the business development tool-box of innovation-hungry life science companies. Clients range from the global multinational companies seeking to identify the latest blockbuster products, right through to small locally operated organizations looking to bring innovative IP to a global audience.

“Our group’s focus has been on ensuring access to proven, safe technology and innovative medical technology developed by our member companies. Our relationship with UTEK’s Medical Device Licensing helps us do that and more. With potential efficiencies for our members, Medical Device Licensing provides global resource access and exposure that could help them grow beyond their current means,” confirms Stephen Dibert, President and CEO of MEDEC.

“We are excited to strike such a partnership with UTEK. Via UTEK’s Medical Device Licensing, we are able to offer our members convenient and valuable exposure to its 190,000 visitors each month as well as to its robust bank of available IP,” states Sue Wilde on behalf of MedilinkUK. “Our goal is to proactively lead member companies to commercial opportunities in the medical market. This new member service will undoubtedly further their partnering and licensing efforts.”

“These partnerships and our recent alliance with Patents.com means we can bring even more opportunities to MEDEC, MedilinkUK members and our clients in their search for partners to develop and commercialize their IP,” summarizes Mark McBride, Managing Director of UTEK Pharmalicensing. “These agreements further our aim to increase well-targeted traffic to drive market efficiencies, help our clients realize more value from their IP portfolios, and ultimately foster innovation around the world.”

www.medec.org - www.medilinkuk.com - www.medicaldevicelicensing.com - 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 MEDEC

MEDEC is the national association created by and for the Canadian medical technology industry. MEDEC is the primary source for advocacy, information and education on the medical technology industry for members, the greater healthcare community, industry partners and the general public. MEDEC members account for nearly 25% of total national industry employment and are leading the total industry’s growth rate. The medical device industry in Canada has approximately $6 billion in sales and employs more than 35,000 in 1500 facilities. Our goals are to advance health outcomes for patients in Canada and the growth and vibrancy of the industry in Canada. We focus on ensuring access to proven, safe technology and new, innovative medical technology developed by our member companies. For more information about MEDEC, please visit its website at www.medec.org.

About MedilinkUK

MedilinkUK is a flourishing network of regionally-based organizations working to grow the economic impact of UK Life Sciences. Each regional organization is a private limited company offering services specific to its constituency. MedilinkUK.com is THE voice of the UK life science industry, log on to see what the industry is talking about. www.MedilinkUK.com myM-link, a division of MedilinkWM, is a membership service for private companies in the life sciences market, giving its members a competitive edge through networking, market intelligence and commercial opportunities. For more information about MedilinkUK, please visit its website at www.myM-link.co.uk.

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 (AMEX:UTK)
Historical Stock Chart
From Jun 2024 to Jul 2024

Utek (AMEX:UTK)
Historical Stock Chart
From Jul 2023 to Jul 2024