Not really, at all.
It resembles Quake more than UT imo. But having that said it doesn't look like a copycat of anything at all.
It's just another arena shooter, which is a whole genre in itself, and it's not limited to either UT nor Quake.
Also, that game seems to suck a lot, atm at least.
They went for "everything shiny and glowing and lots of particles" and forgot to actually make their weapons look, behave and sound like actual weapons, as well as using more than one color in a single map.