Technipower Systems, Inc.(fka TECZ)

[skinwalker]

New - FORM 8-K


CURRENT REPORT


Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


Date of Report (Date of earliest event reported): February 11, 2009


Solomon Technologies, Inc.
(Exact name of registrant as specified in its charter)


Delaware 000-50532 52-1812208
(State or other jurisdiction of
incorporation) (Commission File Number) (IRS Employer Identification No.)



14 Commerce Drive
Danbury, Connecticut 06810
(Address of principal executive offices, zip code)



Registrant's telephone number, including area code: [phone]

(Former name or former address, if changed since last report)


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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 ( see General Instruction A.2. below):


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))




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Forward-Looking Statements:


Some of the statements in this report are forward-looking statements that involve risks and uncertainties. These forward-looking statements include statements about our plans, objectives, expectations, intentions and assumptions that are not statements of historical fact. You can identify these statements by the following words:


- "may"
- "will"
- "should"
- "estimates"
- "plans"
- "expects"
- "believes"
- "intends"


and similar expressions. We cannot guarantee our future results, performance or achievements. Our actual results and the timing of corporate events may differ significantly from the expectations discussed in the forward-looking statements. You are cautioned not to place undue reliance on any forward-looking statements. Potential risks and uncertainties that could affect our future operating results include, but are not limited to, the risks described in our Annual Report on Form 10-KSB for the year ended December 31, 2007.




Item 2.04. Triggering Events That Accelerate of Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement.



On February 11, 2009, the Company received notice from Jezebel Management Corporation (“Jezebel”) with respect to Jezebel’s senior secured promissory note dated March 16, 2005. Jezebel’s promissory note is one of nine similar such notes that were due on January 15, 2009.


Jezebel demanded payment of the principal balance of its note in the amount of $728,000 plus accrued interest in the amount of $273,678.


The President of Jezebel is Michael A. D’Amelio, a director of the Company and its Secretary.




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SIGNATURE


Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


SOLOMON TECHNOLOGIES, INC.
(Registrant)


Dated: February 12, 2009 By: /s/ Peter W. DeVecchis, Jr.
Peter W. DeVecchis, Jr.
President and Principal Executive Officer