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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>FORM 8-K </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>October 18, 2004 </b> </p>



<p align=center style='text-align:center; margin-left:0in; margin-right:0in'><b>
<font size="5">Forward Industries, Inc.<br>
</font><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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	<font size="2">(State or Other
  Jurisdiction<br>
	of Incorporation)</font></b></p>
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  <p align=center style='margin-bottom:.0001pt;text-align:center; margin-left:0in; margin-right:0in'><b>
	<font size="2">(Commission<br>
	File Number)</font></b></p>
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	<font size="2">(IRS Employer<br>
	Identification No.)</font></b></p>
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  <p align=center style='text-align:center; margin-left:0in; margin-right:0in'><b>1801 Green Road, Suite
  E<br>
	Pompano Beach, FL </b></p>
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  <p class=MsoNormal align=center style='text-align:center'><b>33064</b></p>
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  <p class=MsoNormal align=center style='text-align:center'><b><font size="2">(Address of principal executive offices)</font></b></p>
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  <p class=MsoNormal align=center style='text-align:center'><b><font size="2">(Zip&nbsp;Code)</font></b></p>
	<p class=MsoNormal align=center style='text-align:center'>&nbsp;</p>
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<p align=center style='text-align:center; margin-left:0in; margin-right:0in'>Registrant's telephone
number, including area code <br>
<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
  report)</b></p>
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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>
&nbsp;</p>
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  <p class=MsoNormal>Soliciting material
  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>
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  <p class=MsoNormal>Pre-commencement
  communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
  240.13e-4(c)) </p>
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<p style='margin-left:0in; margin-right:0in'><b>Item 1.01. Entry Into a Material Definitive
Agreement. </b></p>



<p style='text-indent:24.5pt; margin-left:0in; margin-right:0in'>On October 18, 2004, the
Registrant announced that it had entered into a License Agreement with
Motorola, Inc. that provides for Registrant's distribution of certain cellular
telephone carrying case products in Europe, the Middle East and Africa (EMEA)
region.&nbsp;&nbsp; The Agreement is effective as of October 1, 2004 and expires December
31, 2007, unless earlier terminated in accordance with its terms.&nbsp; A copy of
the License Agreement has been filed as Exhibit 10.1 to this report. </p>



<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 October 18, 2004 the
Registrant issued a press release announcing it had entered into an agreement
to continue its licensing arrangements with Motorola to distribute certain
cellular telephone carrying case products in Europe, the Middle East and Africa
(EMEA) region.&nbsp;&nbsp; The Agreement is effective as of October 1, 2004 and expires
December 31, 2007, unless earlier terminated in accordance with its terms.&nbsp; A
copy o f the press release has been filed as Exhibit 99.1 to this report. </p>





<p style='margin-left:0in; margin-right:0in'><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 10.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; License Agreement, effective as of October 1, 2004, between the
Registrant and Motorola Inc., </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 by the
Registrant on October 18, 2004</p>







&nbsp;<p align="center">1</p>
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<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>SIGNATURES </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'>&nbsp;</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>
October 20, 2004</p>



&nbsp;<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p align="center">2</p>
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<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 style='margin-left:1.0in;text-indent:-1.0in'>Exhibit 10.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; License Agreement, between the Registrant and Motorola Inc., effective
as of October 1, 2004</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 by the
Registrant on October 18, 2004</p>
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<p class=MsoNormal style='margin-left:1.0in;text-indent:-1.0in'>&nbsp;</p>
<p class=MsoNormal style='margin-left:1.0in;text-indent:-1.0in'>&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": "041088324"}, "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)
October 18, 2004
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 1.01. Entry Into a Material Definitive
Agreement.
On October 18, 2004, the
Registrant announced that it had entered into a License Agreement with
Motorola, Inc. that provides for Registrant's distribution of certain cellular
telephone carrying case products in Europe, the Middle East and Africa (EMEA)
region.   The Agreement is effective as of October 1, 2004 and expires December
31, 2007, unless earlier terminated in accordance with its terms.  A copy of
the License Agreement has been filed as Exhibit 10.1 to this report.
Item 8.01. Other Events.
On October 18, 2004 the
Registrant issued a press release announcing it had entered into an agreement
to continue its licensing arrangements with Motorola to distribute certain
cellular telephone carrying case products in Europe, the Middle East and Africa
(EMEA) region.   The Agreement is effective as of October 1, 2004 and expires
December 31, 2007, unless earlier terminated in accordance with its terms.  A
copy o f the press release has been filed as Exhibit 99.1 to this report.
Item 9.01. Financial Statements and Exhibits.
(c) Exhibits.
Exhibit 10.1            License Agreement, effective as of October 1, 2004, between the
Registrant and Motorola Inc.,
Exhibit 99.1            Press release issued by the
Registrant on October 18, 2004
1
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:
October 20, 2004
2
EXHIBIT INDEX
Exhibit No.
Description
Exhibit 10.1            License Agreement, between the Registrant and Motorola Inc., effective
as of October 1, 2004
Exhibit 99.1            Press release issued by the
Registrant on October 18, 2004
3