UTEK Corporation Completes Technology Transfer To Industrial Biotechnology Corporation; License For A Method To Produce An Effective Aphid Repellant

TAMPA, Fla. & SARASOTA, Fla.--(BUSINESS WIRE)--Sept. 5, 2006--UTEK Corporation (AMEX:UTK) (LSE-AIM:UTK), a specialty finance company focused on technology transfer, and Industrial Biotechnology Corporation (Pink Sheets:IBTY), a company dedicated to new biotechnologies and innovations in the chemicals industry, announced today that Industrial Biotechnology Corporation has acquired Advanced Pheromone Technologies, Inc. (APTI), a wholly owned subsidiary of UTEK Corporation, in a stock transaction.