----

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|   |                                                                                                                                        |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------|
|   | x  QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2009 |
|   |                                                                                                                                        |
|   | o TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT                                                                      |
|   |                                                                                                                                        |
|   | For the transition period from to                                                                                                           |
|   |                                                                                                                                        |
|   | Commission file number 333-141875                                                                                                           |

|                                                           |   |                              |
|----------------------------------------------------------------|--------|-----------------------------------|
| NEVADA                                                         |   | 20-5936198                        |
|                                                           |   |                              |
| (State or other jurisdiction of incorporation or organization) |   | (IRS Employer Identification No.) |

|   |                                                                                                                                           |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------|
|   | o Yes              x     No (Not Required) |

|                    |                                                 |                      |   |
|-------------------------|------------------------------------------------------|---------------------------|--------|
| Large accelerated filer | o                                                    | Accelerated 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 |
|------------------------------------------------------------------------------------------------------------------|-----------------------------------|

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----

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|                                                                                                |   |
|-----------------------------------------------------------------------------------------------------|--------|
| Contents                                                                                            |   |
|                                                                                                |   |
| Consolidated Balance Sheets                                                                         | F-1    |
|                                                                                                |   |
| Consolidated Statements of Operations                                                               | F-2    |
|                                                                                                |   |
| Consolidated Statements of Cash Flows                                                               | F-3    |
|                                                                                                |   |
| Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations | F-11   |
|                                                                                                |   |
| Item 3. Quantitative and Qualitative Disclosures About Market Risk                                  | F-13   |
|                                                                                                |   |
| Item 4T. Controls and Procedures                                                                    | F-13   |
|                                                                                                |   |
| PART II — OTHER INFORMATION                                                                   | F-14   |
|                                                                                                |   |
| Item 2. Unregistered Sales of Equity Securities and Use of Proceeds                                 | F-14   |
|                                                                                                |   |
| Item 5. Other Information                                                                           | F-14   |
|                                                                                                |   |
| Item 6. Exhibits                                                                                    | F-14   |

----

| UTEC, INC.                  |
|-----------------------------|
| Consolidated Balance Sheets |

|                                                           |   |              |       |   |             |   |
|----------------------------------------------------------------|--------|-------------------|------------|--------|------------------|--------|
|                                                           |   | September 30,2009 |       |   | December 31,2008 |   |
|                                                           |   | (Unaudited)       |       |   |             |   |
|  ASSETS                                                   |
|                                                           |   |              |       |   |             |   |
| CURRENT ASSETS                                                 |   |              |       |   |             |   |
|                                                           |   |              |       |   |             |   |
| Cash and cash equivalents                                      |   | $                 | -          |   |             | $      | - |   |
|                                                           |   |              |       |   |             |   |   |   |
| Total Current Assets                                           |   |              | -          |   |             |   | - |   |
|                                                           |   |              |       |   |             |   |   |   |
| PROPERTY, PLANT AND EQUIPMENT, NET                             |   |              | 328,013    |   |             |   | 328,013 |   |
|                                                           |   |              |       |   |             |   |   |   |
| OTHER ASSETS                                                   |   |              |       |   |             |   |   |   |
|                                                           |   |              |       |   |             |   |   |   |
| Intangible assets, net                                         |   |              | -          |   |             |   | 61,576 |   |
|                                                           |   |              |       |   |             |   |   |   |
| Total Other Assets                                             |   |              | -          |   |             |   | 61,576 |   |
|                                                           |   |              |       |   |             |   |   |   |
| ASSETS FROM DISCONTINUED OPERATIONS, NET                       |   |              | -          |   |             |   | 1,633,930 |   |
|                                                           |   |              |       |   |             |   |   |   |
| TOTAL ASSETS                                                   |   | $                 | 328,013    |   |             | $      | 2,023,519 |   |
|                                                           |   |              |       |   |             |   |   |   |
| LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)           |   |
|                                                           |   |              |       |   |             |   |   |   |
| CURRENT LIABILITIES                                            |   |              |       |   |             |   |   |   |
|                                                           |   |              |       |   |             |   |   |   |
| Accounts payable and accrued liabilities                       |   | $                 | 366,556    |   |             | $      | 346,196 |   |
| Accrued Salary                                                 |   |              | 100,000    |   |             |   | - |   |
| Accounts payable to related parties                            |   |              | 40,000     |   |             |   | - |   |
|                                                           |   |              |       |   |             |   |   |   |
| Total Current Liabilities                                      |   |              | 506,556    |   |             |   | 346,196 |   |
|                                                           |   |              |       |   |             |   |   |   |
| TOTAL LIABILITIES                                              |   |              | 506,556    |   |             |   | 346,196 |   |
|                                                           |   |              |       |   |             |   |   |   |
| STOCKHOLDERS’ EQUITY (DEFICIT)                           |   |              |       |   |             |   |   |   |
|                                                           |   |              |       |   |             |   |   |   |
| Preferred stock - 1,000,000 authorized, $0.001 par value;      |   |              |       |   |             |   |   |   |
| 42,013 and 42,013 issued and outstanding, respectively         |   |              | 42         |   |             |   | 42 |   |
| Common stock - 74,000,000 authorized, $0.001 par value;        |   |              |       |   |             |   |   |   |
| 29,468,159 and 51,968,159 issued and outstanding, respectively |   |              | 29,468     |   |             |   | 51,968 |   |
| Additional paid-in capital                                     |   |              | 2,238,215  |   |             |   | 2,149,515 |   |
| Accumulated deficit                                            |   |              | (2,446,268 | )      |             |   | (524,202 | ) |
|                                                           |   |              |       |   |             |   |   |   |
| Total Stockholders’ Equity (Deficit)                     |   |              | (178,543   | )      |             |   | 1,677,323 |   |
|                                                           |   |              |       |   |             |   |   |   |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY               |   | $                 | 328,013    |   |             | $      | 2,023,519 |   |

----

| UTEC, INC.                            |
|---------------------------------------|
| Consolidated Statements of Operations |
| (Unaudited)                           |

|                                                  |   | For the Three Months Ended |       |   | For the Nine Months Ended |   |
|-------------------------------------------------------|--------|----------------------------|------------|--------|---------------------------|--------|
|                                                  |   | September 30,              |       |   | September 30,             |   |
|                                                  |   | 2009                       |       |   | 2008                      |   |   | 2009 |   |   | 2008 |   |
|                                                  |   |                       |       |   |                      |   |   |   |   |   |   |   |
| REVENUES                                              |   | $                          | -          |   |                      | $      | - |   |   | $ | - |   |   | $ | - |   |
| COST OF SALES                                         |   |                       | -          |   |                      |   | - |   |   |   | - |   |   |   | - |   |
| GROSS MARGIN                                          |   |                       | -          |   |                      |   | - |   |   |   | - |   |   |   | - |   |
|                                                  |   |                       |       |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| OPERATING EXPENSES                                    |   |                       |       |   |                      |   |   |   |   |   |   |   |   |   |   |   |
|                                                  |   |                       |       |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| Impairment of intangible assets                       |   |                       | 60,343     |   |                      |   | - |   |   |   | 60,343 |   |   |   | - |   |
| General and administrative                            |   |                       | 76,053     |   |                      |   | 24,771 |   |   |   | 185,879 |   |   |   | 87,177 |   |
|                                                  |   |                       |       |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| Total Operating Expenses                              |   |                       | 136,396    |   |                      |   | 24,771 |   |   |   | 246,222 |   |   |   | 87,177 |   |
|                                                  |   |                       |       |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| LOSS FROM OPERATIONS                                  |   |                       | (136,396   | )      |                      |   | (24,771 | ) |   |   | (246,222 | ) |   |   | (87,177 | ) |
|                                                  |   |                       |       |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| OTHER INCOME AND (EXPENSE)                            |   |                       |       |   |                      |   |   |   |   |   |   |   |   |   |   |   |
|                                                  |   |                       |       |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| Interest expense                                      |   |                       | -          |   |                      |   | - |   |   |   | - |   |   |   | - |   |
|                                                  |   |                       |       |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| LOSS BEFORE TAXES                                     |   |                       | (136,396   | )      |                      |   | (24,771 | ) |   |   | (246,222 | ) |   |   | (87,177 | ) |
|                                                  |   |                       |       |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| Provision for income taxes                            |   |                       | -          |   |                      |   | - |   |   |   | (170,800 | ) |   |   | - |   |
|                                                  |   |                       |       |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| NET LOSS FROM CONTINUING OPERATIONS                   |   |                       | (136,396   | )      |                      |   | (24,771 | ) |   |   | (417,022 | ) |   |   | (87,177 | ) |
|                                                  |   |                       |       |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| Net income from discontinued operations               |   |                       | -          |   |                      |   | 36,200 |   |   |   | 225,698 |   |   |   | 2,705 |   |
| Loss on disposal of discontinued operations           |   |                       | -          |   |                      |   | - |   |   |   | (1,730,742 | ) |   |   | - |   |
|                                                  |   |                       |       |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| Total income (loss) from discontinued operations, net |   |                       | -          |   |                      |   | 36,200 |   |   |   | (1,505,044 | ) |   |   | 2,705 |   |
|                                                  |   |                       |       |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| NET INCOME (LOSS)                                     |   | $                          | (136,396   | )      |                      | $      | 11,429 |   |   | $ | (1,922,066 | ) |   | $ | (84,472 | ) |
|                                                  |   |                       |       |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| BASIC LOSS PER SHARE FROM CONTINUING OPERATIONS       |   | $                          | (0.01      | )      |                      | $      | (0.00 | ) |   | $ | (0.01 | ) |   | $ | (0.00 | ) |
| BASIC LOSS PER SHARE FROM DISCONTINUED OPERATIONS     |   | $                          | -          |   |                      | $      | 0.00 |   |   | $ | (0.04 | ) |   | $ | 0.00 |   |
| TOTAL BASIC LOSS PER SHARE                            |   | $                          | (0.00      | )      |                      | $      | 0.00 |   |   | $ | (0.05 | ) |   | $ | (0.00 | ) |
|                                                  |   |                       |       |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING    |   |                       | 29,468,159 |   |                      |   | 51,968,159 |   |   |   | 36,968,159 |   |   |   | 52,538,590 |   |

----

| UTEC, INC.                            |
|---------------------------------------|
| Consolidated Statements of Cash Flows |
| (Unaudited)                           |

|                                                                        |   | For the Nine Months Ended |       |
|-----------------------------------------------------------------------------|--------|---------------------------|------------|
|                                                                        |   | September 30,             |       |
|                                                                        |   | 2009                      |       |   | 2008 |   |
| OPERATING ACTIVITIES                                                        |   |                      |       |   |   |   |
|                                                                        |   |                      |       |   |   |   |
| Net loss                                                                    |   | $                         | (1,922,066 | ) |   | $ | (84,472 | ) |
| Adjustments to Reconcile Net Loss to Net Cash Used by Operating Activities: |   |                      |       |   |   |   |   |   |
| Depreciation                                                                |   |                      | -          |   |   |   | 1,052 |   |
| Amortization of intangibles                                                 |   |                      | 11,407     |   |   |   | 2,106 |   |
| Employee option grants issued                                               |   |                      | 66,200     |   |   |   | 64,500 |   |
| Impairment of long-lived assets                                             |   |                      | 60,343     |   |   |   | - |   |
| Loss from discontinued operations                                           |   |                      | 1,623,756  |   |   |   | (131,367 | ) |
| Changes in operating assets and liabilities:                                |   |                      |       |   |   |   |   |   |
| Accrued salary                                                              |   |                      | 100,000    |   |   |   | - |   |
| Accounts payable to related parties                                         |   |                      | 40,000     |   |   |   | - |   |
| Accounts payable and accrued liabilities                                    |   |                      | 20,360     |   |   |   | - |   |
|                                                                        |   |                      |       |   |   |   |   |   |
| Net Cash Used in Operating Activities                                       |   |                      | -          |   |   |   | (148,181 | ) |
|                                                                        |   |                      |       |   |   |   |   |   |
| INVESTING ACTIVITIES                                                        |   |                      |       |   |   |   |   |   |
|                                                                        |   |                      |       |   |   |   |   |   |
| Discontinued operations                                                     |   |                      | -          |   |   |   | (81,887 | ) |
|                                                                        |   |                      |       |   |   |   |   |   |
| Net Cash Used in Investing Activities                                       |   |                      | -          |   |   |   | (81,887 | ) |
|                                                                        |   |                      |       |   |   |   |   |   |
| FINANCING ACTIVITIES                                                        |   |                      |       |   |   |   |   |   |
|                                                                        |   |                      |       |   |   |   |   |   |
| Proceeds from line-of-credit from related party                             |   |                      | -          |   |   |   | 286,936 |   |
| Repayment on line-of-credit to related party                                |   |                      | -          |   |   |   | (174,936 | ) |
| Proceeds from common stock                                                  |   |                      | -          |   |   |   | 42,000 |   |
|                                                                        |   |                      |       |   |   |   |   |   |
| Net Cash Provided by Financing Activities                                   |   |                      | -          |   |   |   | 154,000 |   |
|                                                                        |   |                      |       |   |   |   |   |   |
| NET DECREASE IN CASH                                                        |   |                      | -          |   |   |   | (76,068 | ) |
| CASH AT BEGINNING OF PERIOD                                                 |   |                      | -          |   |   |   | 89,377 |   |
|                                                                        |   |                      |       |   |   |   |   |   |
| CASH AT END OF PERIOD                                                       |   | $                         | -          |   |   | $ | 13,309 |   |
|                                                                        |   |                      |       |   |   |   |   |   |
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION                           |   |                      |       |   |   |   |   |   |
|                                                                        |   |                      |       |   |   |   |   |   |
| CASH PAID FOR:                                                              |   |                      |       |   |   |   |   |   |
| Income taxes paid                                                           |   | $                         | -          |   |   | $ | - |   |
| Interest paid                                                               |   |                      | -          |   |   |   | 10,261 |   |
|                                                                        |   |                      |       |   |   |   |   |   |
| NON CASH FINANCING ACTIVITIES                                               |   |                      |       |   |   |   |   |   |
| None                                                                        |   |                      |       |   |   |   |   |   |

----

----

----

|                     |   | 2009        |   |   | 2008   |   |
|--------------------------|--------|-------------|--------|--------|--------|--------|
|                     |   | (unaudited) |   |   |   |   |
|                     |   |        |   |   |   |   |
| Patent rights            |   | $           | -0-    |   |   | $      | 71,750 |   |
| Accumulated amortization |   |        | -0-    |   |   |   | (10,174 | ) |
|                     |   | $           | -0-    |   |   | $      | 61,576 |   |

----

----

|                           |  FYE 2008 |
|--------------------------------|----------------|
|  Expected volatility      |  71.44%   |
|  Expected dividends       |  0.00     |
|  Expected term (in years) |  3.5      |
|  Risk-free rate           |  2.67%    |

| Non-vested Options               |   | Options (000) |   |   | WeightedAverageGrant-DateFair Value |   |
|----------------------------------|--------|---------------|--------|--------|-------------------------------------|--------|
|                             |   |          |   |   |                                |   |
| Non-vested at January 1, 2009    |   | $             | 1,914  |   |                                | $      | 0.24 |   |
| Granted                          |   |          | -      |   |                                |   | - |   |
| Vested                           |   |          | 1,914  |   |                                |   | 0.24 |   |
| Forfeited                        |   |          | -      |   |                                |   | - |   |
| Non-vested at September 30, 2009 |   | $             | -      |   |                                | $      | - |   |

----

|                           |  FYE 2009 |
|--------------------------------|----------------|
|  Expected volatility      |  71.44%   |
|  Expected dividends       |  0.00     |
|  Expected term (in years) |  5.00     |
|  Risk-free rate           |  2.11%    |

| Non-vested Options               |   | Options (000) |   |   | Weighted-AverageGrant-Date Fair Value |   |
|----------------------------------|--------|---------------|--------|--------|---------------------------------------|--------|
| Non-vested at January 1, 2009    |   | $             | -      |   |                                  | $      | 0.236 |   |
| Granted                          |   |          | 5,650  |   |                                  |   | 0.006 |   |
| Vested                           |   |          | 5,650  |   |                                  |   | 0.006 |   |
| Forfeited                        |   |          | -      |   |                                  |   | - |   |
| Non-vested at September 30, 2009 |   | $             | -      |   |                                  | $      | - |   |

|                        |   | Three MonthsEndedSeptember 30,2009 |   |   | Three MonthsEndedSeptember 30,2008 |   |    | Nine MonthsEndedSeptember 30,2009 |   |   | Nine MonthsEndedSeptember 30,2008 |   |
|-----------------------------|--------|------------------------------------|--------|--------|------------------------------------|--------|---------|----------------------------------------|--------|--------|----------------------------------------|--------|
| Income                      |   | $                                  | -0-    |   |                               | $      | 821,361 |                                   |   | $      | 1,039,595                              |   |   | $ | 1,888,427 |   |
| Cost of Goods Sold          |   |                               | -0-    |   |                               |   | 247,477 |                                   |   |   | 353,544                                |   |   |   | 521,259 |   |
| Operating expenses          |   |                               | -0-    |   |                               |   | 514,584 |                                   |   |   | 460,353                                |   |   |   | 1,368,763 |   |
| Net Operating Income (Loss) |   |                               | -0-    |   |                               |   | 59,300  |                                   |   |   | 225,698                                |   |   |   | (1,595 | ) |
| Loss on disposal of assets  |   |                               | -0-    |   |                               |   | -0-     |                                   |   |   | (1,730,742                             | )      |   |   | -0- |   |
| Tax benefit at 34%          |   |                               | -0-    |   |                               |   | 23,100  |                                   |   |   | -0-                                    |   |   |   | (4,300 | ) |
| Net income (loss)           |   | $                                  | -0-    |   |                               | $      | 36,200  |                                   |   | $      | (1,505,044                             | )      |   | $ | 2,705 |   |

----

----

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.

----

|                        |   | Three MonthsEndedSeptember 30,2009 |   |   | Three MonthsEndedSeptember 30,2008 |   |    | Nine MonthsEndedSeptember 30,2009 |   |   | Nine MonthsEndedSeptember 30,2008 |   |
|-----------------------------|--------|------------------------------------|--------|--------|------------------------------------|--------|---------|----------------------------------------|--------|--------|----------------------------------------|--------|
| Income                      |   | $                                  | -      |   |                               | $      | 821,361 |                                   |   | $      | 1,039,595                              |   |   | $ | 1,888,427 |   |
| Cost of Goods Sold          |   |                               | -      |   |                               |   | 247,477 |                                   |   |   | 353,544                                |   |   |   | 521,259 |   |
| Operating expenses          |   |                               | -      |   |                               |   | 537,684 |                                   |   |   | 460,353                                |   |   |   | 1,364,463 |   |
| Net Operating Income (Loss) |   |                               | -      |   |                               |   | 36,200  |                                   |   |   | 225,698                                |   |   |   | 2,705 |   |
| Loss on disposal of assets  |   |                               | -      |   |                               |   | -       |                                   |   |   | (1,730,742                             | )      |   |   | - |   |
| Tax benefit at 34%          |   |                               | -      |   |                               |   | -       |                                   |   |   | -                                      |   |   |   | - |   |
| Net income (loss)           |   | $                                  | -      |   |                               | $      | 36,200  |                                   |   | $      | (1,505,044                             | )      |   | $ | 2,705 |   |

----

Item 3.  Quantitative and Qualitative Disclosures About Market Risk

Item 4T. Controls and Procedures

| – | Pertain to the maintenance of records that in reasonable detail accurately and fairly reflect the transactions and dispositions of the assets of the company; |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------|

| – | Provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with accounting principles generally accepted in the United States of America and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company;and |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| – | Provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of the company’s assets that could have a material effect on the financial statements. |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

PART II — OTHER INFORMATION

Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds

Item 5.  Other Information

Item 6. Exhibits

|   Exhibit No. |   Document                              |   Location       |
|--------------------|----------------------------------------------|-----------------------|
|   31          |   Rule 13a-41(a)/15d-14(a) Certificates |   Included  |
|   32          |   Section 1350 Certifications           |   Included  |

----

|                         | UTEC, INC.                                |
|------------------------------|-------------------------------------------|
|                         |                                      |
|                         | /s/ Fortunato Villamgana                  |
| Date December 14, 2009  | Fortunato Villamagna, Director & CEO, |