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UTEK Corporation Chief Executive Officer, Clifford M. Gross, Ph.D., to Present at Frost & Sullivan's Chairman Series on Growth Webcast
TAMPA, Fla. & PALO ALTO, Calif.-(Business Wire)-May 2, 2008 - Clifford M. Gross, Ph.D., Chief Executive Officer of UTEK Corporation (AMEX:UTK) (LSE-AIM:UTK), will be participating on Frost & Sullivan's Chairman Series on Growth webcast on Tuesday, May 6th at 2:00 pm 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.
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 unrealized and realized 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 licenses 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 realized and unrealized 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.
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