RNS Number:6306T
UTEK Corporation
02 May 2008
FOR IMMEDIATE RELEASE 2 May 2008
UTEK CORPORATION
CHIEF EXECUTIVE OFFICER, CLIFFORD M. GROSS, PH.D. TO PRESENT AT
FROST & SULLIVAN'S CHAIRMAN SERIES ON GROWTH WEBCAST
Tampa, FL & Palo Alto, CA - Clifford M. Gross, Ph.D., Chief Executive Officer of
UTEK Corporation (AMEX & LSE-AIM: UTK), will be participating on Frost &
Sullivan's Chairman Series on Growth webcast on Tuesday 6 May 2008 at 7:00 pm,
London (2:00 pm US, EDT).
Dr. Gross will be co-presenting with Frost & Sullivan's Chairman, David Frigstad
for the session entitled, "The CEO's R&D Team: Innovation to Drive Profit and
Growth." Dr. Gross will be addressing the challenges that companies face in
implementing growth strategies, sustaining top-line growth and exactly how "Open
Innovation" can assist in the research and development process. This session,
will discuss how augmenting in-house research and development with an Open
Innovation program can enhance the new product pipeline with a go-to-market
strategy that leverages external sources of innovation.
Registration for Frost & Sullivan's Chairman Series on Growth is complimentary
and can be completed by visiting the following link: www.frost.com/growth.
Registrants will be allowed to actively take part and engage in each session
through open dialogues, real-time response polling, and audience Q&A.
Frost & Sullivan is currently offering complimentary registration for this
growth series which is a component of their Annual Growth Team Membership
program. This series is designed to assist companies in increasing their
effectiveness and strengthening their key contributing areas. The series also
addresses top-of-mind challenges and best practices in sustaining growth and
creating a Growth, Innovation and Leadership-focused culture that supports the
CEO's perspective and vision.
About UTEK Corporation
UTEK(R) is a leading Innovation services company. UTEK's services enable clients
to become stronger innovators, rapidly source externally developed technologies
and create value from their intellectual property. UTEK is a business
development company with operations in the United States, United Kingdom, and
Israel. For more information about UTEK, please visit its website at
www.utekcorp.com.
About Frost & Sullivan
Frost & Sullivan, the Global Growth Consulting Company, partners with clients to
accelerate their growth. The company's Growth Partnership Services, Growth
Consulting and Career Best Practices empower clients to create a growth-focused
culture that generates, evaluates and implements effective growth strategies.
Frost & Sullivan employs over 45 years of experience in partnering with Global
1,000 companies, emerging businesses and the investment community from more than
30 offices on six continents. For more information about Frost & Sullivan's
Growth Partnerships, please visit its website at www.frost.com.
CONTACT:
Frost & Sullivan
Brian Denker +1 516-255-5474
UTEK Corporation
USA: Investor Relations Group +1 212-825-3210
Emily Hanan or Susan Morgenbesser
UK: Bankside
Steve Liebmann or Simon Bloomfield +44 (0)20-7367-8888
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.
Similarly, statements that describe UTEK'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 UTEK,
and the valuation of UTEK's investment portfolio, which could cause actual
results to differ materially from those currently anticipated. Although UTEK
believes the expectations reflected in any forward-looking statements are based
on reasonable assumptions, it cannot give any 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. Certain factors could cause results and conditions to differ
materially from those projected in these forward-looking statements, and some of
these factors are discussed below. These factors are not exhaustive. New
factors, risks and uncertainties may emerge from time to time that may affect
the forward-looking statements made herein. These forward-looking statements are
only made as of the date of this press release and UTEK does not undertake any
obligation to publicly update such forward-looking statements to reflect
subsequent events or circumstances.
UTEK's operating results could fluctuate significantly due to a number of
factors. These factors include the small number of transactions that are
completed each quarter, the value of individual transactions, the timing of the
recognition and the magnitude of unrealised and realised gains and losses of
companies in its portfolio, UTEK's dependence on the performance of companies in
its portfolio, the possibility that advances in technology could render the
technologies it has transferred obsolete, the loss of technology licences by
companies in its portfolio, the degree to which it encounters competition in its
markets, the volatility of the stock market and the volatility of the valuations
of the companies it has invested in as it relates to its realised and unrealised
gains and losses, the concentration of investments in a small number of
companies, as well as other general economic conditions. As a result of these
and other factors, current results may not be indicative of UTEK's future
performance. For more information on UTEK and for a more complete discussion of
the risks pertaining to an investment in UTEK, please refer to UTEK's filings
with the Securities and Exchange Commission.
This information is provided by RNS
The company news service from the London Stock Exchange
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