Technology Contains Wireless Sensors for On-Site Analysis

UTEK Corporation (AMEX:UTK - News) (LSE-AIM:UTK), an open innovation company focused on technology transfer, and MachineTalker, Inc. (OTCBB:MTKN - News) a company that develops smart security networks, are pleased to announce that MachineTalker® has acquired Micro Wireless Technologies, Inc., a wholly owned subsidiary of UTEK, in a stock transaction.

Micro Wireless Technologies, Inc. contains a worldwide exclusive license to a technology developed by researchers at the University of South Florida (USF). USF scientists have developed a technique which embeds physical and chemical property sensing capabilities within RF transmission systems, thereby taking a direct conversion approach to micro-wireless sensing technology. This environmental sensor has the potential to combine traditional sensor and telemetry capabilities into one function.

“We are very excited about working with MachineTalker as they help to develop and commercialize our technology,” said Jaideep Rajput, Licensing Manager at the University of South Florida.

Assessing the value of this new wireless sensor, MachineTalker’s President Roland Bryan said, “The addition of these telemetric micro-sensors will permit the formation of wireless clusters of sensors around each MachineTalker to monitor and process patterns of change at a remote location. Each Talker® can analyze its own sensor data and can make local decisions or share content with other Talkers as an intelligent node on a wireless mesh network. We believe that with this technology our customers will be able to deploy small detectors, serviced by a local processor as part of a larger network for monitoring intrusion or environmental changes.”

“UTEK is pleased to consummate this technology transfer with MachineTalker,” said Joel Edelson, Vice President of Technology Licensing at UTEK Corporation.

About the University of South Florida

The University of South Florida is one of the nation's top public research universities and one of 39 community engaged public universities as designated by the Carnegie Foundation for the Advancement of Teaching. USF was awarded more than $300 million in research contracts and grants last year. The University offers 219 degree programs at the undergraduate, graduate, specialist and doctoral levels, including the doctor of medicine. For more information about the USF, please visit its website at www.usf.edu.

About MachineTalker, Inc.

MachineTalker, Inc. has developed a unique technology – smart security networks that allow governments, businesses and individuals to rapidly deploy wireless security networks and tracking systems to protect people, places and things. The Company’s proprietary technology enables the wireless networking of intelligent devices for shared processing and reporting of data in remote security and control applications. For more information about MachineTalker, please visit its website at www.machinetalker.com.

About UTEK Corporation

UTEK® is an open innovation company focused on technology transfer. UTEK’s services enable companies to acquire externally developed technologies from universities and research laboratories worldwide. In addition, UTEK provides services to help companies 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.

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 or MachineTalker “expects,” “should,” “believes,” “anticipates” or words of similar import. Similarly, statements that describe UTEK's or MachineTalker’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 or MachineTalker, as appropriate, and the valuation of UTEK's investment portfolio, which could cause actual results to differ materially from those currently anticipated. Although UTEK and MachineTalker believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, they cannot give any assurance that their 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 or MachineTalker 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.