REPEAT/Rutgers University and UTEK Corporation Announce Alliance Agreement to Merchandise Intellectual Capital.Business Editors Repeating.... PLANT CITY, Fla. & NEW BRUNSWICK New Brunswick, province, Canada New Brunswick, province (2001 pop. 729,498), 28,345 sq mi (73,433 sq km), including 519 sq mi (1,345 sq km) of water surface, E Canada. , N.J.--(BUSINESS WIRE)--Dec. 3, 2001 UTEK Corporation (Nasdaq:UTOB) and Rutgers University Rutgers University, main campus at New Brunswick, N.J.; land-grant and state supported; coeducational except for Douglass College; chartered 1766 as Queen's College, opened 1771. Campuses and Facilities Rutgers maintains three campuses. announced jointly today the signing of an alliance agreement for the purpose of marketing select Rutgers University technologies. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. William T. Adams, Director of OCLTT OCLTT Office of Corporate Liaison and Technology Transfer (Rutgers University) , "We are enthusiastic about working with UTEK, as we believe that their unique approach to technology transfer will enhance our technology marketing program." "Rutgers University is an excellent source for new technologies which we believe may make a significant contribution to the marketplace," commented Clifford M. Gross, Ph.D., CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of UTEK Corporation. About Rutgers University From its roots as a colonial college chartered in 1766, and a land grant institution, Rutgers has developed into one of America's leading public research universities. Rutgers fulfills it mission of instruction, research and service by educating a student body of over 48,000 on its three campuses, by creating new knowledge and by contributing to the economic and cultural vitality vi·tal·i·ty n. 1. The capacity to live, grow, or develop. 2. Physical or intellectual vigor; energy. of the state of New Jersey. About UTEK Corporation UTEK Corporation is a business development company dedicated to building bridges between university-developed technology and commercial organizations utilizing its unique U2BSM BSM Business Service Management BSM Basic Security Module BSM Best Stations Memory (Pioneer car stereos) BSM Business Systems Modernization BSM Bronze Star Medal BSM Black Student Movement BSM Benilde-St. business model. UTEK acquires, licenses and finances the further development of new university technologies for rapidly growing technology companies. These intellectual capital assets capital assets n. equipment, property, and funds owned by a business. (See: capital, capital account) are then sold to technology companies for an equity stake. With UTEK's U2BSM model, companies can rapidly grow their technology assets while universities receive 100% of the royalties for each transferred technology. Certain matters discussed in this press release are "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. ." These forward-looking statements can generally be identified as such because the context of the statement will include words such as the Company "expects," "anticipates" or words of similar import. Similarly, statements that describe the Company's future plans, objectives or goals are also forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties, including the financial performance of the Company and market valuations of its stock, which could cause actual results to differ materially from those currently anticipated. Although the Company believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, the Company can give no assurance that its expectations will be attained. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating any forward-looking statements. Forward-looking statements made herein are only made as of the date of this press release and the Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. |
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