AdAl Group, Inc. and UTEK Corporation Announce Strategic Alliance Agreement for Technology Transfer

Business Wire, April 12, 2005

PLANT CITY, Fla. & SURREY, U.K. -- UTEK Corporation (AMEX:UTK) (LSE:UTK.L) (LSE:UTKA.L), an innovative technology transfer company, and AdAl Group Inc. (OTCBB:ADGR), a UK based aluminum extruded products manufacturer, announced jointly today the signing of a strategic alliance agreement.

Nicholas Shrager, Chief Executive of AdAl Group, Inc., said: "We're delighted to execute a Strategic Alliance agreement with UTEK Corporation. AdAl Group is focused on producing extruded aluminum products in the UK. We believe that this alliance will enable us to rapidly access new technologies from leading universities and federal laboratories that will enable us to create added-value for our multifaceted product line."

"UTEK looks forward to working with AdAl Group, Inc. to identify proprietary technologies to further enhance their aluminum manufacturing capabilities," said Clifford M. Gross, Ph.D., Chairman and Chief Executive Officer of UTEK.

Through its strategic alliance agreements, UTEK assists companies in enhancing their new product pipeline with the acquisition of proprietary intellectual capital from universities and laboratory research centers. Strategic alliance agreements are generally cancellable by either party with thirty days advance written notice.

About AdAl Group, Inc.

AdAl Group, Inc., headquartered in the United Kingdom, is a leader in manufacturing extruded aluminum specialty products. AdAl Group, Inc. operates through four wholly owned subsidiaries: AdAl Seco, AdAl Engineering, AdAl Extra, and AdAl Climatix. For more information about AdAl Group, Inc., please visit its website at http://www.AdAlGroup.com.

About UTEK Corporation

UTEK is a leading, market-driven technology transfer company that enables companies to rapidly acquire innovative technologies from universities and research laboratories. UTEK facilitates the identification and acquisition of external technologies for clients internationally in exchange for their equity securities, while allowing research institutions to receive 100% of the royalties. This unique process is called U2B(R). UTEK transfers proprietary technologies with potential commercial applications to companies seeking product differentiation resulting in a strategic marketplace advantage. UTEK is headquartered in Plant City, Florida, USA and also has operations in the UK and Israel. For more information about UTEK, please visit its website at http://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 AdAl Group "expects," "should," "believes," "anticipates" or words of similar import. Similarly, statements that describe UTEK's or AdAl Group'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 AdAl Group's market valuations of its stock, 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, UTEK can give no 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 undertakes no 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 gains and losses, UTEK's dependence on the performance of a limited number of companies in its portfolio (including its dependence on the financial performance of Circle Group Holdings, Inc.), 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 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 filing with the Securities and Exchange Commission.