SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
__________________
FORM
8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(d) of the
SECURITIES
EXCHANGE ACT OF 1934
February
5, 2007
SENSOR
SYSTEM SOLUTIONS, INC.
(Exact
Name of Registrant as Specified in Charter)
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Nevada
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0-024828
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98-0226032
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(State
or other jurisdiction
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(Commission
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(IRS
Employer
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of
incorporation)
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File
Number)
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Identification
No.)
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45
Parker Avenue, Suite A, Irvine, California
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92618
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(Address
of principal executive offices)
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(Zip
code)
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(949)
855-6688
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Registrant’s
telephone number, including area code:
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Not
Applicable
(Former
Name or Former Address, If Changed Since Last Report)
Check
the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
o
Written
communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
o
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
o
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act
(17 CFR 240.13e-4(c))
Item
5.02 Departure
of Directors or Principal Officers; Election of Directors; Appointment of
Principal
Officers.
Effective
February 5, 2007, Mr. Hanlin Chen resigned as a Director of Sensor System
Solutions, Inc. The Company has commenced a search to find one or more directors
to replace Mr. Chen.
Item
8.01 Other Events.
On
September 14, 2006, the Company was evicted from its facility by its landlord,
the Irvine Company, as disclosed in a previous 8K. Two engineers turned in
their
resignation on the same day, one clerk quit during this shut-down period. The
accountant was on maternity leave when this happened. She decided to continue
work for the Company as a contractor until the company’s funding was secured.
The Company was able to get some money to keep these two engineers available
until future funding was secured.
On
November 9, 2006, the Company obtained a $255,000 convertible debenture from
Cornell Capital. On November 10, 2006, a settlement with the landlord was
reached that called for a payment of $100,000 on November 14, 2006 and a second
payment of $79,040 on December 15, 2006. This convertible debenture allowed
the
Company to pay the first $100,000 and other immediate obligation. However,
future funding would be required to pay for the second payment.
On
November 20, 2006, some of the Company’s staff moved back to resume limited
operation. Due to the uncertainty of the additional funding required to meet
its
second payment obligation, most of the staff decided to sit out and wait.
Production manager changed his status from a full-time employee to a contractor.
Office Manager remained on the payroll and CEO remained to work without pay.
On
December 15, 2006, the Company notified all employees that severance checks
would be mailed out to terminate all employment except the Office Manager after
realizing that it would no have funding to meet the second payment obligation.
The Office Manager stayed to update all records for the Company.
On
January 22, 2007, the Company was evicted from its facility again by its
landlord due default in the second payment. This was disclosed in a previous
8K.
All equipment and inventory were taken over and would be auctioned off by the
landlord. The Company virtually has lost all its contracts and accounts due
to
lack of facility, equipment, and staff. The Company has incurred a lot of
liabilities and is not in operation at current time.
Item
9.01. Financial Statements and Exhibits.
(a)
Not
applicable
(b)
Not
applicable
(c)
Not
applicable
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 hereunto
duly authorized.
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Date: February
8, 2007
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Sensor
System Solutions, Inc.
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By: /s/
Michael Young
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Name:
Michael
Young
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Title:
Chief
Executive Officer
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