EXHIBIT 99
UNIROYAL TECHNOLOGY CORPORATION



                                                     Contact: Oliver J. Janney
                                                              941-361-2212


                         UNIROYAL TECHNOLOGY CORPORATION
                         ADOPTS SHAREHOLDER RIGHTS PLAN


Sarasota,  FL --  December  18,  1996 -- The  Board  of  Directors  of  Uniroyal
Technology  Corporation  (Nasdaq:  UTCI) has adopted a  Shareholder  Rights Plan
designed to ensure that all shareholders receive fair and equal treatment in the
event of an attempted  takeover,  the Company  announced  today. The plan is not
being  adopted in  response  to any  specific  effort to acquire  control of the
Company, and the Company is not aware of any such effort.

         Under  the  Rights  Plan,  each  stockholder  of  Uniroyal   Technology
Corporation Common Stock, after the close of business on December 30, 1996, will
receive a dividend  distribution  of one Right for each share of Company  Common
Stock held.  Each Right  entitles  stockholders  to buy  1/100,000 of a share of
Series C Junior  Participating  Preferred  Stock of the  Company at an  exercise
price of $17.00.  Each preferred  share fraction is designed to be equivalent in
voting and dividend rights to one share of Common Stock.

         The  Rights  will be  exercisable  and will trade  separately  from the
shares of Common  Stock  only if a person or  group,  with  certain  exceptions,
acquires  beneficial  ownership  of 15% or more of the shares of Common Stock or
commences a tender or exchange  offer that would  result in such person or group
beneficially  owning  15% or more of the shares of Common  Stock.  Prior to this
time, the Rights will not trade  separately  from the Common Stock.  The Company
may redeem the Rights at $0.001 per Right at any time prior to the occurrence of
one of these events. All Rights expire on December 18, 2006.

         Each  Right  will  entitle  its  holder  to  purchase,  at the  Right's
then-current  exercise price,  Common Stock of Uniroyal  Technology  Corporation
having a value of twice the Right's exercise price. This amounts to the right to
buy  Common  Stock of the  Company  at half  price.  Rights  owned by the  party
triggering the exercise of Rights will not be exercisable.

         In addition, if, after any person has become a 15%-or-more stockholder,
the Company is involved in a merger or other  business  combination  transaction
with  another  person  in which  its  shares of  Common  Stock  are  changed  or
converted,  or sells  50% or more of its  assets  or  earning  power to  another
person,  each  Right  will  entitle  its  holder  to  purchase,  at the  Right's
then-current  exercise price, shares of Common Stock of such other person having
a value of twice the Right's exercise price.

         Details of the Shareholder Rights Plan will be mailed to stockholders.

         Uniroyal  Technology  Corporation  manufactures  and sells  proprietary
plastic products and specialty  chemical and polymer  products.  The Company has
three business segments: High Performance Plastics, Coated Fabrics and Specialty
Adhesives.  Some of the Company's  well-known brand names include ROYALITE(R) in
thermoplastics  products,  POLYCAST(R)  and  GLASFLEX(TM)  in acrylic  products,
NAUGAHYDE(R) in coated fabrics, and SILAPRENE(R) in adhesives. Markets served by
the  Company's  products  include  mass  transportation,  automotive,  computer,
construction, aerospace, athletic and medical.






           Two North Tamiami Trail, Suite 900, Sarasota, Florida 34236