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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b)(c), AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
Nu Electric, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
67018F 10 5
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(CUSIP Number)
10-13-99
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(Date of Event which Requires Filing of this Statement
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[_] Rule 13d-1(b)
[X] Rule 13d-(c)
[_] Rule 13d-1(d)
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CUSIP NO. 67018F 10 5 13G Page 2 of 4 Pages
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1 NAME OF REPORTING PERSON
UTEK Corporation
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Incorporated in the State of Delaware
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5 SOLE VOTING POWER
491,957
NUMBER OF
SHARES ----------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
EACH N/A
REPORTING
PERSON ----------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
N/A
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8 SHARED DISPOSITIVE POWER
N/A
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
491,957
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
[ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
12%
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12 TYPE OF REPORTING PERSON*
CO
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Item 1(a). Name of Issuer:
Nu Electric, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
624 E. Tarpon Avenue, Tarpon Springs, FL 34689
Item 2(a). Name of Person Filing:
UTEK Corporation
Item 2(b). Address of Principal Business Office or, if None, Residence:
202 South Wheeler Street, Plant City, Florida, 33566
Item 2(c). Citizenship:
Incorporated in Delaware
Item 2(d). Title of Class of Securities:
Common Stock
Item 2(e). CUSIP Number:
67018F 10 5
Item 3. If This Statement is Filed Pursuant to Rule 13d-1, 13-2(b)
or (c), Check Whether the Person Filing is a:
Not Applicable.
Item 4. Ownership.
(a) 491,957 shares of common stock
(b) 12%
(c) Sole power to vote all 491,957 shares owned.
Item 5. Ownership of Five Percent or Less of Class.
Not Applicable
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Item 6. Ownership of More Than Five Percent on Behalf of Another
Person.
Not Applicable
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on by the Parent Holding
Company.
Not Applicable
Item 8. Identification and Classification of Members of the Group.
Not Applicable
Item 9. Notice of Dissolution of Group.
Not Applicable
Item 10. Certifications.
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.
SIGNATURE
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.
Date: July 14, 2000
UTEK CORPORATION
By: /s/ Clifford Gross
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Dr. Clifford Gross, Ph.D.
Chairman and CEO
