<SUBMISSION>
<ACCESSION-NUMBER>0000950144-02-009687
<TYPE>SC 13G
<PUBLIC-DOCUMENT-COUNT>1
<FILING-DATE>20020917
<SUBJECT-COMPANY>
<COMPANY-DATA>
<CONFORMED-NAME>ADVANCED RECYCLING SCIENCES INC
<CIK>0000921450
<ASSIGNED-SIC>4955
<IRS-NUMBER>954255962
<STATE-OF-INCORPORATION>NV
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>SC 13G
<ACT>34
<FILE-NUMBER>005-59287
<FILM-NUMBER>02765583
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>PARK IRVINE CTR BLDG B
<STREET2>14771 MYFORD RD
<CITY>TUSTIN
<STATE>CA
<ZIP>90744
<PHONE>7142525462
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>PARK IRVINE BUSINESS CENTER
<STREET2>14771 MYFORD RD
<CITY>TUSTIN
<STATE>CA
<ZIP>92780
</MAIL-ADDRESS>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>QUANTUM GROUP INC /NV/
<DATE-CHANGED>19940407
</FORMER-COMPANY>
</SUBJECT-COMPANY>
<FILED-BY>
<COMPANY-DATA>
<CONFORMED-NAME>UTEK CORP
<CIK>0001098482
<IRS-NUMBER>563603677
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>SC 13G
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>202 SOUTH WHEELER STREET
<CITY>PLANT CITY
<STATE>FL
<ZIP>33566
<PHONE>8136546113
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>202 SOUTH WHEELER STREET
<CITY>PLANT CITY
<STATE>FL
<ZIP>33566
</MAIL-ADDRESS>
</FILED-BY>
<DOCUMENT>
<TYPE>SC 13G
<SEQUENCE>1
<FILENAME>g78290b1sc13g.htm
<DESCRIPTION>UTEK/ADVANCED RECYCLING TECHNOLOGIES, INC.
<TEXT>
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<B><FONT size="2">UNTIED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
WASHINGTON, D.C. 20549</FONT></B>

<P align="center">
<B><FONT size="2">SCHEDULE 13G</FONT></B>

<P align="center">
<B><FONT size="2">Under the Securities Exchange Act of
1934<br>(Amendment No. 1)</FONT></B>


<P align="center">Advanced Recycling Technologies, Inc.<br>
<HR size="1" width="100%" align="left" noshade>
<DIV align="center">
<FONT size="2">(Name of Issuer)
</FONT>
</DIV>

<P align="center">Common Stock<br>
<HR size="1" width="100%" align="left" noshade>

<DIV align="center">
<FONT size="2">(Title of Class of Securities)
</FONT>
</DIV>

<P align="center">00762C 10 1<br>
<HR size="1" width="100%" align="left" noshade>

<DIV align="center">
<FONT size="2">(CUSIP Number)
</FONT>
</DIV>

<P align="center">12/31/2001<br>
<HR size="1" width="100%" align="left" noshade>

<DIV align="center">
<FONT size="2">(Date of Event Which Requires Filing of this
Statement)
</FONT>
</DIV>

<P align="left">
<FONT size="2">Check the appropriate box to designate the rule
pursuant to which this Schedule is filed:
</FONT>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
        <TD width="3%"></TD>
        <TD width="3%"></TD>
        <TD width="94%"></TD>
</TR>

<TR valign="top">
        <TD>&nbsp;</TD>
        <TD><FONT size="2"><FONT face="wingdings">&#111;</FONT>&nbsp;</FONT></TD>
        <TD align="left">
        <FONT size="2">Rule&nbsp;13d-1(b)
        </FONT></TD>
</TR>

<TR valign="top">
        <TD>&nbsp;</TD>
        <TD><FONT size="2"><FONT face="wingdings">&#120;</FONT>&nbsp;</FONT></TD>
        <TD align="left">
        <FONT size="2">Rule&nbsp;13d-1(c)
        </FONT></TD>
</TR>

<TR valign="top">
        <TD>&nbsp;</TD>
        <TD><FONT size="2"><FONT face="wingdings">&#111;</FONT>&nbsp;</FONT></TD>
        <TD align="left">
        <FONT size="2">Rule&nbsp;13d-1(d)
        </FONT></TD>
</TR>

</TABLE>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV>&nbsp;</DIV>

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<TR>
        <TD width="33%"></TD>
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</TR>

<TR valign="top">
        <TD align="left"><FONT size="2">CUSIP No.&nbsp; 00762C 10 1</FONT></TD>
        <TD align="center"><FONT size="2">&nbsp;</FONT></TD>
        <TD align="right"><FONT size="2">Page&nbsp; 1 of 4</FONT></TD>
</TR>

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<CENTER>
<TABLE width="90%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
        <TD width="6%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="11%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="61%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="7%"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
        <TD align="left" valign="top">
        <FONT size="2">(1)
        </FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD colspan="7" align="left" valign="top">
        <FONT size="2">NAMES OF REPORTING PERSONS<BR>
        I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES
ONLY)<br>&nbsp;<BR>UTEK Corporation
        </FONT></TD>
</TR>

<TR>
        <TD colspan="9"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD colspan="7" align="left"><HR size="1" noshade></TD>

</TR>

<TR>
        <TD colspan="9"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
        <TD align="left" valign="top">
        <FONT size="2">(2)
        </FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD colspan="5" align="left" valign="top">
        <FONT size="2">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
        </FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="right" valign="top">
        <FONT size="2">(a)&nbsp;<FONT face="wingdings">&#111;</FONT>
        </FONT></TD>
</TR>

<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD colspan="5" align="left" valign="top">
        <FONT size="2">(See Instructions)<br>&nbsp;<BR>Not Applicable
        </FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="right" valign="top">
        <FONT size="2">(b)&nbsp;<FONT face="wingdings">&#111;</FONT>
        </FONT></TD>
</TR>

<TR>
        <TD colspan="9"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD colspan="7" align="left"><HR size="1" noshade></TD>

</TR>

<TR>
        <TD colspan="9"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
        <TD align="left" valign="top">
        <FONT size="2">(3)
        </FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD colspan="7" align="left" valign="top">
        <FONT size="2">SEC Use Only
        </FONT></TD>
</TR>

<TR>
        <TD colspan="9"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD colspan="7" align="left"><HR size="1" noshade></TD>

</TR>

<TR>
        <TD colspan="9"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
        <TD align="left" valign="top">
        <FONT size="2">(4)
        </FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD colspan="7" align="left" valign="top">
        <FONT size="2">CITIZENSHIP OR PLACE OF
ORGANIZATION<br>&nbsp;<BR>Delaware
        </FONT></TD>
</TR>

<TR>
        <TD colspan="9"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD colspan="7" align="left"><HR size="1" noshade></TD>

</TR>

<TR>
        <TD colspan="9"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top">
        <FONT size="2">(5)
        </FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD colspan="3" align="left" valign="top">
        <FONT size="2">SOLE VOTING POWER<br>&nbsp;<BR>2,326,153
        </FONT></TD>
</TR>

<TR>
        <TD colspan="3" align="center" valign="top">
        <FONT size="2">NUMBER OF
        </FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
        <TD colspan="3" align="center" valign="top">
        <FONT size="2">SHARES
        </FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD colspan="5" align="left" valign="top">
        <HR size="1" noshade></TD>
</TR>

<TR>
        <TD colspan="3" align="center" valign="top">
        <FONT size="2">BENEFICIALLY
        </FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top">
        <FONT size="2">(6)
        </FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD colspan="3" align="left" valign="top">
        <FONT size="2">SHARED VOTING POWER<BR>&nbsp;<BR>0
        </FONT></TD>
</TR>

<TR>
        <TD colspan="3" align="center" valign="top">
        <FONT size="2">OWNED BY
        </FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
        <TD colspan="3" align="center" valign="top">
        <FONT size="2">EACH
        </FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD colspan="5" align="left" valign="top">
        <HR size="1" noshade></TD>
</TR>

<TR>
        <TD colspan="3" align="center" valign="top">
        <FONT size="2">REPORTING
        </FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top">
        <FONT size="2">(7)
        </FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD colspan="3" align="left" valign="top">
        <FONT size="2">SOLE DISPOSITIVE POWER<BR>&nbsp;<BR>2,326,153</FONT></TD>
</TR>
<TR>
        <TD colspan="9"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD colspan="5" align="left"><HR size="1" noshade></TD>

</TR>


<TR>
        <TD colspan="3" align="center" valign="top">
        <FONT size="2">PERSON WITH
        </FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top">
        <FONT size="2">(8)
        </FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD colspan="3" align="left" valign="top">
        <FONT size="2">SHARED DISPOSITIVE
POWER<BR>&nbsp;<BR>&nbsp;<BR>0</FONT></TD>
</TR>

<TR>
        <TD colspan="9"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD colspan="5" align="left"><HR size="1" noshade></TD>

</TR>

<TR>
        <TD colspan="9"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
        <TD align="left" valign="top">
        <FONT size="2">(9)
        </FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD colspan="7" align="left" valign="top">
        <FONT size="2">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON<BR>&nbsp;<BR>2,326,153
        </FONT></TD>
</TR>
<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD colspan="7" align="left"><HR size="1" noshade></TD>

</TR>

<TR>
        <TD align="left" valign="top">
        <FONT size="2">(10)
        </FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD colspan="7" align="left" valign="top">
        <FONT size="2">CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
        CERTAIN
        </FONT></TD>
</TR>

<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD colspan="5" align="left" valign="top">
        <FONT size="2">SHARES (See Instructions)<BR>&nbsp;<BR>Not Applicable
        </FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="right" valign="top">
        <FONT size="2"><FONT face="wingdings">&#111;</FONT>
        </FONT></TD>
</TR>

<TR>
        <TD colspan="9"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD colspan="7" align="left"><HR size="1" noshade></TD>

</TR>

<TR>
        <TD colspan="9"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
        <TD align="left" valign="top">
        <FONT size="2">(11)
        </FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD colspan="7" align="left" valign="top">
        <FONT size="2">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW
(9)<BR>&nbsp;<BR>13.3%
        </FONT></TD>
</TR>

<TR>
        <TD colspan="9"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD colspan="7" align="left"><HR size="1" noshade></TD>

</TR>

<TR>
        <TD colspan="9"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
        <TD align="left" valign="top">
        <FONT size="2">(12)
        </FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD colspan="7" align="left" valign="top">
        <FONT size="2">TYPE OF REPORTING PERSON (See
Instructions)<BR>&nbsp;<BR>CO
        </FONT></TD>
</TR>

<TR>
        <TD colspan="9"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD colspan="7" align="left"><HR size="1" noshade></TD>

</TR>

</TABLE>
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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
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        <TD width="33%"></TD>
        <TD width="33%"></TD>
        <TD width="33%"></TD>
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<TR valign="top">
        <TD align="left"><FONT size="2">CUSIP No.&nbsp; 00762C 10 1</FONT></TD>
        <TD align="center"><FONT size="2">&nbsp;</FONT></TD>
        <TD align="right"><FONT size="2">Page&nbsp; 2 of 4</FONT></TD>
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<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="85%">
<TR valign="bottom">
        <TD width="7%">&nbsp;</TD>
        <TD width="3%">&nbsp;</TD>
        <TD width="90%">&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">Item&nbsp;1.</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
(a) <B>Name of Issuer </B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Advanced Recycling Technologies, Inc.</FONT></TD>
</TR>
<tr><td>&nbsp;</td></tr>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
(b) <B>Address of Issuer&#146;s Principal Executive Offices</B><BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14771 Myford Rd., Tustin, CA 92780</FONT></TD>
</TR>
<tr><td>&nbsp;</td></tr>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">Item&nbsp;2.</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>
<tr><td>&nbsp;</td></tr>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
(a) <B>Name of Person Filing </B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;UTEK Corporation</FONT></TD>
</TR>
<tr><td>&nbsp;</td></tr>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
(b) <B>Address of Principal Business Office or, if none,
Residence</B><BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;202 S. Wheeler Street, Plant City, FL 33566</FONT></TD>
</TR>
<tr><td>&nbsp;</td></tr>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
(c) <B>Citizenship </B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware</FONT></TD>
</TR>
<tr><td>&nbsp;</td></tr>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
(d) <B>Title of Class of Securities </B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Common Stock</FONT></TD>
</TR>
<tr><td>&nbsp;</td></tr>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
(e) <B>CUSIP
Number</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;00762C
10 1</FONT></TD>
</TR>
<tr><td>&nbsp;</td></tr>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">Item&nbsp;3.</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
<B>If this statement is filed pursuant to &#167;&#167;240.13d-1(b) or
240.13d-2(b) or (c), check<BR>
whether the person filing is a:</B> Not Applicable</FONT></TD>
</TR>
<tr><td>&nbsp;</td></tr>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
(a) &#091;&nbsp;&nbsp;&nbsp;&#093; Broker or dealer registered under
section 15 of the Act (15 U.S.C. 78o);</FONT></TD>
</TR>
<tr><td>&nbsp;</td></tr>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
(b) &#091;&nbsp;&nbsp;&nbsp;&#093; Bank as defined in section 3(a)(6)
of the Act (15 U.S.C. 78c);</FONT></TD>
</TR>
<tr><td>&nbsp;</td></tr>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
(c) &#091;&nbsp;&nbsp;&nbsp;&#093; Insurance company as defined in
section 3(a)(19) of the Act (15 U.S.C. 78c);</FONT></TD>
</TR>
<tr><td>&nbsp;</td></tr>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
(d) &#091;&nbsp;&nbsp;&nbsp;&#093; Investment company registered under section 8 of
the Investment Company<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Act
of 1940 (15 U.S.C 80a-8);</FONT></TD>
</TR>
<tr><td>&nbsp;</td></tr>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
(e) &#091;&nbsp;&nbsp;&nbsp;&#093; An investment adviser in accordance with &#167;240.13d-1(b)(1)(ii)(E);</FONT></TD>
</TR>
<tr><td>&nbsp;</td></tr>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
(f) &#091;&nbsp;&nbsp;&nbsp;&#093; An employee benefit plan or endowment fund in accordance with &#167;240.13d-1(b)(1)(ii)(F);</FONT></TD>
</TR>
<tr><td>&nbsp;</td></tr>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
(g) &#091;&nbsp;&nbsp;&nbsp;&#093; A parent holding company or
control person in accordance with &#167;240.13d-1(b)(1)(ii)(G);</FONT></TD>
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        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
(h) &#091;&nbsp;&nbsp;&nbsp;&#093; A savings associations as defined
in Section&nbsp;3(b) of the Federal Deposit Insurance<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Act (12 U.S.C. 1813);</FONT></TD>
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        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
(i) &#091;&nbsp;&nbsp;&nbsp;&#093; A church plan that is excluded
from the definition of an investment company under<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);</FONT></TD>
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        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
(j) &#091;&nbsp;&nbsp;&nbsp;&#093; Group, in accordance with
&#167;240.13d-1(b)(1)(ii)(J).</FONT></TD>
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        <TD align="left"><FONT size="2">CUSIP No.&nbsp; 00762C 10 1</FONT></TD>
        <TD align="center"><FONT size="2">&nbsp;</FONT></TD>
        <TD align="right"><FONT size="2">Page&nbsp; 3 of 4</FONT></TD>
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</TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="2"><B>Item&nbsp;4.</B></FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
<B>Ownership</B></FONT></TD>
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</CENTER>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;With respect to
the beneficial ownership of shares of common stock of Advanced Recycling Technologies, Inc.
by UTEK<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Corporation, see Items 5 through 8 on page 1 of this Schedule&nbsp;13G, which is incorporated herein by reference.
</FONT>
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        <TD width="7%">&nbsp;</TD>
        <TD width="3%">&nbsp;</TD>
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<TR valign="bottom">
        <TD valign="top"><FONT size="2"><B>Item&nbsp;5.</B></FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
<B>Ownership of Five Percent or Less of a Class</B>
If this statement is being filed to report the fact that as of the
date hereof the reporting person has ceased to be the beneficial
owner of more than five percent of the class of securities, check the
following &#091; &#093;. Not Applicable</FONT></TD>
</TR>
<tr><td>&nbsp;</td></tr>
<TR valign="bottom">
        <TD valign="top"><FONT size="2"><B>Item&nbsp;6.</B></FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
<B>Ownership of More than Five Percent on Behalf of Another Person.</B>
Not Applicable</FONT></TD>
</TR>
<tr><td>&nbsp;</td></tr>
<TR valign="bottom">
        <TD valign="top"><FONT size="2"><B>Item&nbsp;7.</B></FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
<B>Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By
the Parent Holding Company or Control Person.</B>
Not Applicable</FONT></TD>
</TR>
<tr><td>&nbsp;</td></tr>
<TR valign="bottom">
        <TD valign="top"><FONT size="2"><B>Item&nbsp;8.</B></FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
<B>Identification and Classification of Members of the Group </B>Not Applicable</FONT></TD>
</TR>
<tr><td>&nbsp;</td></tr>
<TR valign="bottom">
        <TD valign="top"><FONT size="2"><B>Item&nbsp;9.</B></FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
<B>Notice of Dissolution of Group </B>Not Applicable</FONT></TD>
</TR>
<tr><td>&nbsp;</td></tr>
<TR valign="bottom">
        <TD valign="top"><FONT size="2"><b>Item&nbsp;10.</B></FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
<b>Certification</B></FONT></TD>
</TR>
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        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
By signing below I certify that, to the best of my knowledge and belief, the
securities referred to above were not acquired and are not held for the purpose of or with
the effect of changing or influencing the control of the issuer of the securities and
were not acquired and are not held in connection with or as a participant in any transaction
having that purpose or effect.</FONT></TD>
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<TR valign="top">
        <TD align="left"><FONT size="2">CUSIP No.&nbsp; 00762C 10 1</FONT></TD>
        <TD align="center"><FONT size="2">&nbsp;</FONT></TD>
        <TD align="right"><FONT size="2">Page&nbsp; 4 of 4</FONT></TD>
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</TABLE>
<P align="center"><FONT size="2"><B>SIGNATURE</B></FONT>

<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.
</FONT>
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DATED: September&nbsp;12, 2002</FONT></TD>
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        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
UTEK CORPORATION</FONT></TD>
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        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
BY: /s/ Clifford M. Gross<br>
Chief Executive Officer</FONT></TD>
</TR>
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