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Torvec and Dartmouth Developing Breakthrough in Ice Protection

30 November 2000

Torvec, Inc. and Dartmouth Partner in Developing Potential Breakthrough in Automotive Ice Protection Technology

    ROCHESTER, N.Y., Nov. 29 Torvec, Inc.
(OTC Bulletin Board: TOVC) today entered into an Agreement and Plan of Merger
to acquire Ice Surface Development, Inc. ("ISD"), a wholly-owned subsidiary of
UTEK Corporation.  As a result of the merger, the Company will acquire an
exclusive worldwide license granted by the Trustees of Dartmouth College for
land-based applications to a novel ice adhesion modification system developed
by Professor Victor F. Petrenko at Dartmouth Thayer School of Engineering.
The Dartmouth patented technology allows for the rapid non-thermal de-icing of
vehicle surfaces using a novel electrochemical decomposition technology
invented by Dr. Petrenko of the Ice Research Laboratory at Dartmouth College.
Dr. Petrenko's work has shown that electrodes attached directly to surfaces
can break down ice and water through the process of electrolysis.  When
applied to automotive and truck surfaces, gas bubbles of hydrogen and oxygen
are formed during the electrolysis process.  These bubbles generate pressure
on the automobile surface therefore shedding ice.  The Torvec-Dartmouth team
intends to adapt this principle to automotive de-icing systems.
    In June, 2000, Dr. Petrenko's technology was licensed by Dartmouth to The
BF Goodrich Company for all aircraft and marine applications.  Recently
Discover Magazine honored Dr. Petrenko's technology as the "most innovative
invention for the aerospace industry in the year 2000."
    Torvec acquired ISD from UTEK to integrate the Dartmouth de-icing
technology into its Fast Tracked Vehicle as well as to sub-license the
technology for a wide-assortment of land-based motorized vehicle applications
(e.g. cars, trucks, trains, trailers), including their components (e.g.
windshields).  The technology also holds promise for significantly increasing
the traction of tires and tracks on ice.
    The Company believes that the de-icing technology it has acquired and its
joint venture with Dartmouth College to conduct research for the
commercialization of the technology will enable it to develop innovative ice
protection solutions, not only for its Fast Track Vehicle, but for all
automobiles, jeeps, trucks, trailers, trains and the like, including all
manner of land-based motorized recreational vehicles.