UTEK Corporation Now Doing Business as Innovaro
16 March 2010 - 11:00PM
Business Wire
UTEK Corporation (NYSE Amex: UTK), a leading IP licensing and
innovation services company, will now do business as Innovaro. As
of today, you will find our new ticker as NYSE Amex: INV.
Effective today, the Company will organize into three primary
business groups, all working under the Innovaro brand: Strategic
Services – driven by Strategos, an advanced innovation consultancy;
Technology Marketplaces – online platforms, partnering services,
global licensing and technology transfer services; Insights &
Research – futures and trends, research, information services and
more.
“Over the past few years, UTEK has acquired several
complimentary organizations allowing us to expand our innovation
and intellectual property offerings to clients. Bringing this
collection of businesses together makes us the only public company,
to our knowledge, to offer a comprehensive end-to-end innovation
solution,” states Doug Schaedler, CEO of Innovaro. “We have made it
a priority to position and align the company to most clearly
present our value to clients, potential clients, investors and the
public. Doing so under one brand will allow us to present a greater
cohesiveness to our clients and more fully leverage our combined
value in the market.”
“As we looked to consolidate brands we chose Innovaro, a name
within our current portfolio which we felt could best represent the
entire company, one that could scale and grow with the business.”
Terresa Zimmerman, VP Marketing of Innovaro, continues, “We believe
Innovaro carries with it inherent relevancy and also the
flexibility we need to raise awareness and visibility of our
Company with our current and prospective clients.”
Our logo is a tessellation, a collection of forms that combine
to fill a plane with no overlaps and no gaps. Like a honeycomb,
some of the most complex and yet easy to comprehend structures are
tessellations. The symbol is an equilateral triangle formed from
seven equilateral triangles. The wordmark is based on the typeface
Filosofia.
Our new logo begins to convey the Innovaro story: delivering
simplicity out of complexity; representing more than the sum of its
parts; inter-reliance to make a more impactful whole.
www.innovaro.com
About UTEK Corporation
UTEK Corporation, doing business as Innovaro®, is the only
public company offering a comprehensive end-to-end innovation
solution. With fully scalable solutions, whether for a global 1000
company or small R&D lab or university scientist, we help our
clients create breakthrough innovation, realize latent value in
their IP and accelerate their innovations to market. Leading
companies trust us to create profitable growth, new revenue
streams, enduring capabilities and lasting value through
innovation. NYSE Amex: INV - www.innovaro.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 “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 www.innovaro.com.
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