UNITED STATES SECURITIES AND EXCHANGE
COMMISSION Washington, D.C.  FORM 10-Q Amendment No. 2  xQUARTERLY REPORT
UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the
quarterly period ended June 30, 2009  oTRANSITION REPORT
UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT  For the transition period from to  Commission file number 333-141875  UTEC, INC.  (Exact name of Registrant as specified in
its charter)  NEVADA
20-5936198(State or other jurisdiction of
incorporation or
organization)
(IRS Employer Identification
No.)  7230 Indian Creek Ln., Ste 201, Las Vegas,
NV 89149 (Address of principal executive
offices)  (702) 335-0356 (Registrants telephone number, including
area code)  2420 Springer Drive, Suite 110 Norman, OK 73069 (Former name, former address and former
fiscal year, if changed since last report)  Indicate by check mark whether the registrant (1) filed
all reports required to be filed by Section 13 or 15(d) of the Exchange Act
during the past 12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days. Yes. x  No. o  Indicate by checkmark whether the Registrant has
submitted electronically and posted on its corporate Web site, if any, every
Interactive Data File required to be submitted and posted pursuant to Rule 405
of Regulation S-T during the preceding 12 months (or for such shorter period
that the registrant was required to submit and post such files).  oYesxNo (Not Required)  Indicate by check mark whether the registrant is a large
accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller
reporting company.  See the definitions of large accelerated filer,
accelerated filer and smaller reporting company in rule 12b-2 of the
Exchange Act.  Large accelerated filer oAccelerated
Filer o  Non-accelerated filer o (Do not check if a smaller reporting
company)    Smaller reporting company x  Indicate by check mark whether the registrant is a shell
company (as defined in Rule 12b-2 of the Exchange
Act).              Yes
x  No o  APPLICABLE ONLY TO CORPORATE
ISSUERS  As of December 14, 2009 the Company had 33,518,159 issued
and outstanding shares of its common stock.      Item 4T. Controls and
Procedures   EXPLANATORY NOTE  This
Amendment No. 2 on Form 10-Q to the Quarterly Report on Form 10-Q for the
quarter ended June 30, 2009, of the Registrant which was filed with the
Securities Exchange Commission on August 20, 2009, and amended  December
16, 2009 (the Original Filing) is being filed to amend or include certain
disclosures contained in Item 4T, Controls and Procedures.  As
a result of this Amendment No.2, the certifications pursuant to Section 302 and
Section 906 of the Sarbanes-Oxley Act of 2002, as filed as exhibits to the
Original Filing have been re-executed and re-filed as of the date of this
Amendment No. 2 on Form 10-Q.  Except
for the Amendment described above, this Form 10-Q does not modify or update
other disclosures in, or exhibits to, the Original Filing which are incorporated
by reference herein.  Item 4T. Controls and Procedures  Under the supervision and with the participation of our
management, including our principal executive officer and principal financial
officer, we evaluated the effectiveness of our disclosure controls and
procedures in ensuring that the information required to be disclosed in our
filings under the Securities Exchange Act of 1934 is recorded, processed,
summarized and reported within the time periods specified in the Securities and
Exchange Commissions rules and forms, including ensuring that such information
is accumulated and communicated to UTEC management as appropriate to allow
timely decisions regarding required disclosure. Based on this evaluation,
management concluded that the Companys internal control over financial
reporting was not effective as of June 30, 2009, due to a lack of segregation of
duties.   Changes in internal controls over financial reporting  There was no change in our internal controls over
financial reporting that occurred during the period covered by this report that
has materially affected, or is reasonably likely to materially affect, our
internal controls over financial reporting.      SIGNATURES  Pursuant to the requirements of the
Securities Exchange Act of 1934, the registrant has duly caused this report to
be signed on its behalf by the undersigned thereunto duly authorized.  UTEC,
INC.  Date: January 29, 2010 /s/ Fortunato
Villamagna  Fortunato
Villamagna, Director & CEO