UTEK Corporation, an innovation services company whose business model involves acquiring technologies and forming companies around them to later sell, has completed another deal. The Tampa-based firm announced that CSMG Technologies, Inc. acquired Carbon Capture Technologies, Inc. (CCT), a wholly owned subsidiary of UTEK, in a stock transaction. UTEK had previously formed the company based on technology developed by University of Ottawa researchers. CCT holds a worldwide exclusive license to its key innovation, recyclable CO2 adsorbents based on surface-modified nanoporous silicas. The materials show high adsorption capacity that is both fast and reversible, allowing it to be reused repeatedly in a high throughput periodic cyclic adsorption process. The adsorbents can be used in both wet and dry environments, potentially eliminating significant engineering challenges. Potential uses include capturing the bulk of CO2 emissions from coal-fired power plants to reduce greenhouse gases, as well as surgical and mine rescue applications. The UTEK model typically involves creating companies that serve as commercialization vehicles for universities or other patent holders, and in which UTEK takes a minority share. Go to: Yahoo Business

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