UTEK Corporation (AMEX:UTK - News) (LSE-AIM:UTK), a leading Innovation services company, is pleased to announce that its subsidiary UTEK Real Estate Holdings, Inc., has executed a lease with WilsonMiller, Inc. for approximately 8,000 square feet in UTEK’s office center.

“We are very pleased to have WilsonMiller as a tenant, and we look forward to a long term, mutually beneficial relationship. The consummation of this lease brings UTEK’s office center to 100% occupancy,” said Sam Reiber, President of UTEK Real Estate Holdings, Inc.

“Ybor City has been a great location for us. We are happy to be expanding our operations in this area. The close proximity of the UTEK space will not only support our current needs, but also the future growth of our Tampa operations and firm wide Transportation Group, providing synergy for our entire team for years to come,” said David A. Kemper, P.E., Senior Vice President, Managing Principal of WilsonMiller.

About WilsonMiller, Inc.

WilsonMiller is a multidisciplinary planning, design, engineering, and surveying firm with a history of more than 50 years in professional consulting. With 11 Florida offices from Northwest Florida to its corporate headquarters in Naples, the firm offers a single source of high-level, diverse services for land management, infrastructure, transportation, and environmental projects to public and private clients throughout Florida and beyond. WilsonMiller ranks 137th on Engineering News-Record’s 2007 list of the Top 500 Design Firms in the United States. For more information about WilsonMiller, please visit its website at www.wilsonmiller.com.

About UTEK Corporation

UTEK® 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.

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 WilsonMiller "expects," "should," "believes," "anticipates" or words of similar import. Similarly, statements that describe UTEK's or WilsonMiller’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 WilsonMiller, 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 WilsonMiller believe 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 or WilsonMiller do 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.