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<title>Forward Industries Form 8-K </title>



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<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p>
<p align=center style='text-align:center; margin-left:0in; margin-right:0in'><b>UNITED STATES<br>
SECURITIES AND EXCHANGE
COMMISSION<br>
Washington, D.C. 20549</b></p>



<p align=center style='text-align:center; margin-left:0in; margin-right:0in'><b>
<font size="4">FORM 8-K </font> </b></p>



<p align=center style='text-align:center; margin-left:0in; margin-right:0in'><b>CURRENT REPORT </b></p>



<p align=center style='text-align:center; margin-left:0in; margin-right:0in'><b>Pursuant to Section 13 OR 15(d) of
<br>
The Securities Exchange Act of 1934 </b></p>

<p align=center style='text-align:center; margin-left:0in; margin-right:0in'>Date of Report (Date of
earliest event reported) <br>
<b>February 18, 2005</b></p>



<p align=center style='text-align:center; margin-left:0in; margin-right:0in'><b>
<font size="5">Forward Industries, Inc.</font><br>
<font size="2">(Exact name of registrant
as specified in its charter) </font></b></p>





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  <p class=MsoNormal align=center style='text-align:center'><b>000-6669</b></p>
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  <p class=MsoNormal align=center style='text-align:center'><b>13-1950672</b></p>
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  <p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>(State or Other
  Jurisdiction</b></p>
  <p align=center style='margin-top:0in;margin-right:0in;margin-bottom:.75pt;
  margin-left:0in;text-align:center'><b>of Incorporation)</b></p>
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  <p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>(Commission</b></p>
  <p align=center style='margin-top:0in;margin-right:0in;margin-bottom:.75pt;
  margin-left:0in;text-align:center'><b>File Number)</b></p>
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  <p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>(IRS Employer</b></p>
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  margin-left:0in;text-align:center'><b>Identification No.)</b></p>
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  <p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>1801 Green Road</b><b>, Suite E</b></p>
  <p align=center style='margin-top:0in;margin-right:0in;margin-bottom:.75pt;
  margin-left:0in;text-align:center'><b>Pompano Beach</b><b>, FL</b><b> </b></p>
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  <p class=MsoNormal align=center style='text-align:center'><b>(Address of principal executive offices)</b></p>
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  &nbsp;
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<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'>Registrant's telephone
number, including area code </p>

<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>(954) 419-9544 </b></p>





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  <p class=MsoNormal align=center style='text-align:center'><b>(Former name or former address, if changed since last
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<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt'>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: <br>
&nbsp;</p>



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  <p class=MsoNormal>Written communications
  pursuant to Rule 425 under the Securities Act (17 CFR 230.425) <br>
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  pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) <br>
&nbsp;</p>
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  <p class=MsoNormal>Pre-commencement
  communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
  240.14d-2(b)) <br>
&nbsp;</p>
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  Pre-commencement
  communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
  240.13e-4(c))
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<p style='margin-left:0in; margin-right:0in'><b>Item 8.01 Other Events. </b></p>



<p style='text-indent:24.5pt; margin-left:0in; margin-right:0in'>On February 18, 2005, Forward
Industries Inc., issued a press release announcing that it had entered into a
nonexclusive license agreement with SAGEM to design manufacture and sell SAGEM
branded cellular phone carrying solutions in the European, Middle Eastern and
African (EMEA) markets.&nbsp; A copy of the press release is attached as Exhibit
99.1.&nbsp; <br>
&nbsp;</p>





<p style='margin:0in;margin-bottom:.0001pt'><b>Item 9.01. Financial Statements and Exhibits. </b></p>



<p class=MsoNormal>(c) Exhibits.</p>



<p class=MsoNormal style='margin-left:1.0in;text-indent:-1.0in'>Exhibit 99.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Press release issued on February
18, 2005</p>
<p class=MsoNormal style='margin-left:1.0in;text-indent:-1.0in'>&nbsp;</p>
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<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>SIGNATURES
<br>
&nbsp;</b></p>



<p style='margin:0in;margin-bottom:.0001pt;text-indent:24.5pt'>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. </p>





<p class=MsoNormal style='margin-left:1.0in;text-indent:-1.0in'><b>Forward Industries Inc.,</b></p>

<p class=MsoNormal style='margin-left:1.0in;text-indent:-1.0in'><b>&nbsp;</b></p>





<p class=MsoNormal style='margin-left:1.0in;text-indent:-1.0in'><b>By</b>:</p>





<p class=MsoNormal>/s/ Jerome E. Ball<br>
_______________________________________</p>



<p class=MsoNormal style='margin-left:1.0in;text-indent:-1.0in'><b>Name </b>Jerome
E. Ball</p>



<p class=MsoNormal style='margin-left:1.0in;text-indent:-1.0in'><b>Title:</b> Chairman
and Chief Executive Officer</p>



<p class=MsoNormal style='margin-left:1.0in;text-indent:-1.0in'><b>Dated:</b> February
18, 2005</p>

<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>&nbsp;</b></p>

<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>&nbsp;</b></p>

<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>&nbsp;</b></p>

<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>&nbsp;</b></p>

<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>EXHIBIT INDEX </b></p>

<p class=MsoNormal style='margin-left:1.0in;text-indent:-1.0in'><b><u>Exhibit No.</u></b><b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Description</u></b></p>

<p class=MsoNormal>Exhibit 99.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Press
release issued by the Registrant on February 18, 2005</p>
<p class=MsoNormal>&nbsp;</p>
<p class=MsoNormal>&nbsp;</p>
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{"company-data": {"conformed-name": "FORWARD INDUSTRIES INC", "cik": "0000038264", "assigned-sic": "3089", "irs-number": "131950672", "state-of-incorporation": "NY", "fiscal-year-end": "0930"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-06669", "film-number": "05626551"}, "business-address": {"street1": "1801 GREEN ROAD", "street2": "SUITE E", "city": "POMPANO BEACH", "state": "FL", "zip": "33064", "phone": "9544199544"}, "mail-address": {"street1": "1801 GREEN RD", "street2": "SUITE E", "city": "POMPANO BEACH", "state": "FL", "zip": "33064"}, "former-company": {"former-conformed-name": "PROGRESS HEAT SEALING CO INC", "date-changed": "19721111"}}
Forward Industries Form 8-K
UNITED STATES
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
Date of Report (Date of
earliest event reported)
February 18, 2005
Forward Industries, Inc.
(Exact name of registrant
as specified in its charter)
New York
000-6669
13-1950672
(State or Other
  Jurisdiction
of Incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
1801 Green Road
, Suite E
Pompano Beach
, FL
33064
(Address of principal executive offices)
(Zip Code)
Registrant's telephone
number, including area code
(954) 419-9544
(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 8.01 Other Events.
On February 18, 2005, Forward
Industries Inc., issued a press release announcing that it had entered into a
nonexclusive license agreement with SAGEM to design manufacture and sell SAGEM
branded cellular phone carrying solutions in the European, Middle Eastern and
African (EMEA) markets.  A copy of the press release is attached as Exhibit
99.1.
Item 9.01. Financial Statements and Exhibits.
(c) Exhibits.
Exhibit 99.1            Press release issued on February
18, 2005
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.
Forward Industries Inc.,
By
:
/s/ Jerome E. Ball
_______________________________________
Name
Jerome
E. Ball
Title:
Chairman
and Chief Executive Officer
Dated:
February
18, 2005
EXHIBIT INDEX
Exhibit No.
Description
Exhibit 99.1            Press
release issued by the Registrant on February 18, 2005