UTEK and Patents.com Form Partnership Providing an Easier Path for Finding IP Partners
January 14 2010 - 8:00AM
Business Wire
UTEK Corporation (NYSE Amex:UTK), a leading IP licensing and
innovation services company, and Patents.com, one of the world's
most comprehensive sources of patent data, announce today a
partnership, bringing their clients enhanced services.
In this new relationship, UTEK will provide in-licensing,
out-licensing and analytics services to Patents.com’s 50,000 plus
registered users. The partnership will bring increased traffic to
UTEK’s online platforms and increased visibility for clients
listing patents on those sites; ultimately driving more value
realization from their IP assets.
“We’re excited to be able to offer enhanced services and unique
content to our communities. Our partnership with UTEK will make it
easier for those who are seeking in and out-licensing opportunities
to view the breadth and depth of what may be available to them,”
stated Paul Ratcliffe, Chief Executive Officer of Patents.com.
“We are pleased to have this relationship commence with the
recent introduction of our new online pricing model. Through this
partnership we will syndicate licensing data from our online
platforms direct to the growing Patents.com community, and millions
of new visitors will now be exposed to our unique content. We
believe this increased, well-targeted traffic will drive market
efficiencies and help our clients realize more value from their IP
portfolios," commented Doug Schaedler, Chief Executive Officer of
UTEK Corporation.
Through the partnership, UTEK will assume an Advisory role on
the Patents.com Board of Directors as well as have a right of first
refusal to acquire Patents.com over the next six-months.
For more information please visit: www.patents.com or
www.utekcorp.com
About UTEK Corporation
UTEK® is a leading global IP licensing and innovation services
company. UTEK’s services enable its clients to enhance their
innovation capabilities, rapidly source externally developed
technologies, create value from their intellectual property and
gain foresight into marketplace and technology developments that
could affect their business. For more information about UTEK,
please visit its website at www.utekcorp.com.
About Patents.com
Patents.com provides the most comprehensive worldwide source of
patent data - to include 450 million searchable indexed patent
pages available in 15 native languages – combined with
sophisticated community tools. It is a source for patent data and
analytic tools and a hosted community platform enabling users to
connect to generate business opportunities, including the licensing
and sale of intellectual property. For more information about
Patents.com, please visit its website at www.patents.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 Patents.com “expects,”
“should,” “believes,” “anticipates” or words of similar import.
Certain factors could cause actual results to differ materially
from those projected in these forward looking statements and these
factors are identified from time to time in our filings with the
Securities and Exchange Commission. We undertake no obligation to
publicly update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise. This
press release is available on UTEK’s website www.utekcorp.com.
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