November 26, 2007 06:53 ET

UTEC Inc. Announces $302,000 International Contract for Its Energetic Material Group

FOX ISLAND, WA--(Marketwire - November 26, 2007) - UTEC INC. (PINKSHEETS: UTEI) -- Dr. Fortunato Villamagna, Ph. D., CEO of UTEC Inc., announces UTEC has confirmed additional new orders for its core legacy business in excess of $300,000. UTEC’s Energetic Materials Division provides chemical sensitizers (SNAP) that enhance the performance of commercial explosives product lines. UTEC/UTEI-PK will complete this shipment within the next 2 months. Dr. Fortunato Villamagna stated, "We will book this order in January 2008, and we are actively negotiating additional orders. Adding this to our existing QC, Services and Contract Research agreements will further strengthen UTEC’s legacy business going forward."

UTEC's Energetic Materials Contract Services Group

The Energetic Materials Contract Services Group is the core business base of UTEC (PINKSHEETS: UTEI). The Company is committed to growing its base business and the Company's other research and development Groups. Dr. Fortunato Villamagna stated previously, "We are pleased with the continued growth of UTEC and will shortly enter into additional ENERGETIC MATERIAL services or supply agreements/contracts." Dr. Fortunato further stated, "We have contracts pending with several companies representing various commercial explosives, gas generant and raw material manufacturers which are projected to yield additional overall annual revenue for UTEC in excess of $300,000." UTEC is pleased to announce that once these pending orders are finalized, we will exceed our expectations for this business group.

"Safe Harbor" Statement: Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. Since this information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results.

Compensation Disclaimer: Capital Pros Network CPN has been compensated the equivalent of $46,750 for its work with UTEI.PK. Certain oral statements made by management from time to time and certain statements contained in press releases and periodic reports issued by UTEI (the "Company"), as well as those contained herein, that are not historical facts are "forward-looking statements" within the meaning of Section 21E of the Securities and Exchange Act of 1934 and, because such statements involve risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements.

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