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eLinear, Inc. Acquires Secure Voice Communications, Inc. From UTEK Corporation

Posted on: Monday, 15 August 2005, 09:00 CDT

eLinear, Inc. (AMEX: ELU), an integrated technology solutions provider, and UTEK Corporation (AMEX: UTK; LSE-AIM: UTKA), an innovative technology transfer company, announced today that eLinear has acquired Secure Voice Communications, Inc. (SVC), a wholly owned subsidiary of UTEK Corporation, in a stock transaction.

SVC holds an exclusive worldwide license to an advanced VoIP (Voice over Internet Protocol) security technology. The technology seeks to address the security weaknesses created by the convergence of the standard PSTN (Public Switched Telephone Network) and IP (Internet Protocol) networks.

Michael Lewis, President and CEO of eLinear, stated, "Our long-term strategic plan calls for us to focus on offering our customers technologies that may allow us to expand our gross margins. We believe this acquisition is a step in that direction. We will continue to pursue technologies that allow us to target niche areas in fast-growth sectors."

"This particular acquisition serves that purpose in that we will be able to provide a solution to secure VoIP calls and protect voice networks against voice specific attacks. We are enthusiastic about the potential that the SVC technology may provide to our customers. The VoIP space is important to our future. We anticipate major growth in this technology area as businesses embrace this new method of communications." added eLinear Chief Strategy Officer Ramzi Nassar.

"UTEK is pleased to consummate this technology transfer with eLinear." said Christopher Banas, Director of Technology Alliances for UTEK Corporation.

About eLinear, Inc.

eLinear, Inc. is a communications, security and compliance company providing integrated technology solutions including information and physical security, IP Telephony and network and storage solutions infrastructure. Typically, eLinear's customers are Fortune 2000 and small to medium sized business organizations. eLinear's services are offered to companies seeking to increase productivity or reduce costs through investing in technology. eLinear has a national and international footprint and has its headquarters in Houston, Texas. For more information, please visit www.elinear.com.

About UTEK Corporation

UTEK(R) 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 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 has 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 eLinear "expects,""should,""believes,""anticipates" or words of similar import. Similarly, statements that describe UTEK's or eLinear'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 eLinear, 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 eLinear 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 eLinear 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 gains and losses, 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 filing with the Securities and Exchange Commission.

Source: Business Wire

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