UTEK Completes Technology Transfer with NetFabric Holdings, Inc.; Transfer Includes License to Software for Intrusion Detection

Business Wire, August 16, 2006

TAMPA, Fla. & DENVILLE, N.J. -- UTEK Corporation (AMEX:UTK) (LSE-AIM:UTK), a specialty finance company focused on technology transfer, and NetFabric Holdings, Inc. (OTCBB:NFBH), a company that provides information technology services and solutions, is pleased to announce that NetFabric Holdings, Inc. has acquired Intrusion Detection Technologies, Inc., a wholly owned subsidiary of UTEK Corporation, in a stock transaction.

Intrusion Detection Technologies, Inc. holds a license for a software technology that overcomes some of the deficiencies of Instruction Set Randomization. The technology has the potential of allowing binary programs to be encrypted making them difficult to comprehend by an adversary.

"NetFabric Holdings, Inc. is enthusiastic about this technology because of its potential to detect malicious code which may be intentionally injected, thereby removing it before it is executed," said Fahad Syed, Chairman and Chief Executive Officer of NetFabric Holdings, Inc.

"We are very enthusiastic about working with NetFabric Holdings, Inc. as they help to develop and commercialize our new Intrusion Detection technology," said Bob MacWright, Executive Director & Chief Executive Officer, at the University of Virginia Patent Foundation.

"UTEK is pleased to consummate this technology transfer with NetFabric Holdings, Inc. and we look forward to continuing our efforts to identify additional technology acquisition opportunities for its consideration," said Stephanie Larson, Manager of Technology Licensing for UTEK Corporation.

About NetFabric Holdings, Inc.

NetFabric provides IT Solutions and Services to a prestigious list of Fortune 500 companies with a specialty in mission critical applications and services for the financial services industry. NetFabric's wide range of services and solutions includes designing and developing software applications, taking ownership of outsourced business processes, managed services, and building integrated infrastructure systems. Enterprise clients rely on NetFabric to pull together the right products and services required as solutions to meet their technology needs while delivering the most efficient and cost-effective solutions on time and within budget. For more information about NetFabric, please visit its website at http://www.netfabric.net.

About University of Virginia Patent Foundation

The University of Virginia Patent Foundation is a not-for-profit corporation that evaluates intellectual property generated in the course of research at UVA, seeks to protect those inventions that show commercial potential, and licenses those rights to industry. The Patent Foundation thus serves to promote the entry of UVA technologies into the commercial marketplace, an endeavor that is designed to generate royalty income used to fund additional research at UVA. For more information on the University of Virginia Patent Foundation, please visit its website at http://www.uvapf.org.

About UTEK Corporation

UTEK(R) is a specialty finance company focused on technology transfer. UTEK enables companies to acquire innovative technologies from universities and research laboratories worldwide. UTEK facilitates the identification and then finances the acquisition of external technologies for clients in exchange for their equity securities. This unique process is called U2B(R). In addition to its U2B(R) service, UTEK offers companies the tools to search, analyze and manage university intellectual properties. 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 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 NetFabric Holdings, Inc. "expects," "should," "believes," "anticipates" or words of similar import. Similarly, statements that describe UTEK's or NetFabric Holdings, Inc.'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 NetFabric Holdings, Inc., 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 NetFabric Holdings, Inc. 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 both UTEK and NetFabric Holdings, Inc. do not undertake any obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.