Terresa Christenson Zimmerman Joins UTEK Corporation as Vice President of Marketing

TAMPA, Fla.--(BUSINESS WIRE)--UTEK Corporation (NYSE Amex: UTK), a leading IP licensing and innovation services company has announced that branding and marketing veteran Terresa Christenson Zimmerman has joined the Company. Zimmerman brings with her almost twenty-years of global experience in marketing, branding, and public relations in the technology and finance sectors.

“I am excited to welcome Terresa to our team. We believe her marketing and branding experience will be an asset to our management team. She will help get a clear and concise message to our clients and shareholders on our broad and growing licensing and innovation capabilities.”

As the Vice President of Marketing at UTEK, Mrs. Zimmerman will establish a strategic branding and marketing function to position UTEK’s complete suite of IP licensing and innovation services around the world.

Doug Schaedler, UTEK's President said, “I am excited to welcome Terresa to our team. We believe her marketing and branding experience will be an asset to our management team. She will help get a clear and concise message to our clients and shareholders on our broad and growing licensing and innovation capabilities.”

Mrs. Zimmerman formerly served as a Director of Strategy at Siegel+Gale, an Omnicom company, and then at Landor Associates, a WPP company, where she led strategic branding initiatives for NVIDIA, Fiserv, Brocade, Gerdau, Teck, Qualcomm and others. Previously, Zimmerman worked as a SVP Asia Pacific Managing Director at Brodeur Worldwide, an Omnicom company, with clients such as Avnet, Philips, IBM, LSI Logic, SunPower, and Cypress Semiconductor. In addition to her traditional experience with strategic brand development, marketing, communications and public relations, she also brings an impressive background of business development and client services skills. Like UTEK’s IP licensing business, her experience is global; educated in Silicon Valley at Santa Clara University with complementary studies in Rouen, France, Zimmerman has also lived and worked in Brussels, Amsterdam, Hong Kong and Tokyo.

Zimmerman is currently a member of the Smithsonian American Art Council, Women’s Forum West, a former President of WFW Legacy Foundation and Upwardly Global Mentor. She served on the Executive Board of ArtSFest and serves as a Mentor/Advisor to the Santa Clara University Global Social Benefit Incubator.

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.

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.