content: 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): November 7, 2006
  
  
                              SONEX RESEARCH, INC.
                (Exact name of registrant as specified in Charter)
  
  
           Maryland                  000-14465              52-1188993
        (State or other           (Commision file         (IRS employer
        jurisdiction of               number)           identification no.)
         incorporation)
  
  
                       23 Hudson Street, Annapolis, MD 21401
                      (Address of principal executive offices)
  
  
                                (410) 266-5556
               (Registrant's telephone number, including area code)
  
  
                                      N/A
           (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  (see  General  Instruction  A.2.  below):
  
  [ ]  Written communications  pursuant to Rule 425 under the Securities Act
       (17 CFR 230.425)
  [ ]  Soliciting  material  pursuant to Rule 14a-12  under the Exchange Act
       (17 CFR 240.14a-12)
  [ ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the
       Exchange  Act (17 CFR  240.14d-2(b))
  [ ]  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 November 7, 2006, the Registrant Sonex Research, Inc. ("Sonex") issued a news
  release announcing the signing of an Exclusive License Agreement (the "License")
  and a Collaboration Agreement with Insitu, Inc. (Bingen, WA, www.insitu.com),  a
  pioneer developer of long-range,  unmanned,  autonomous aircraft. The registrant
  also posted the following  announcement  regarding the signing of the agreements
  with Insitu to its website www.sonexresearch.com:
  
  
  
                        SONEX SIGNS LICENSE AND COLLABORATION
                               AGREEMENTS FOR ITS UAS
                            HEAVY FUEL ENGINE TECHNOLOGY
  
  
  ANNAPOLIS,  MARYLAND,  November 7, 2006 - SONEX  RESEARCH,  INC.  (OTC SONX),  a
  leader in the field of combustion  technology,  announced that it has licensed a
  part of the  patented  Sonex  Combustion  System  (SCS) heavy fuel engine  (HFE)
  technology to Insitu,  Inc.  (Bingen,  WA), a pioneer  developer of  long-range,
  unmanned,  autonomous aircraft. Insitu is best known for its long endurance, low
  cost unmanned aerial systems (UAS) including the  Insight(TM),  the ScanEagle(R)
  UAS,  developed in partnership  with Boeing [NYSE:  BA], and the  GeoRanger(TM),
  UAS, developed in partnership with Fugro Airborne Surveys. Sonex and Insitu have
  also entered into a Collaboration Agreement under which the parties will consult
  and  cooperate  to identify  potential  new  projects  including  the  continued
  development and commercial application of the SCS HFE(TM) technology.
  
  Pursuant to an Exclusive  License  Agreement signed this week with Insitu,  over
  the next sixty days Sonex will receive cash payments for non-refundable  advance
  royalties and an exclusivity fee totaling $450,000.  In June 2006 upon signing a
  letter of intent  with  Insitu,  Sonex  received  a $50,000  advance  payment in
  anticipation of execution of the License. The license is exclusive to Insitu for
  UAS  engines  up to a certain  engine  size.  Sonex will also  receive  per unit
  royalties  from  Insitu for each engine  produced.  The amount of the royalty is
  dependent  on engine  size and is  subject  to  adjustment  depending  on engine
  volumes and the emergence of competitive HFEs.
  
  Under the  Collaboration  Agreement,  the parties will consult and  cooperate to
  identify  potential  new  projects  including  the  continued   development  and
  commercial application of the SCS HFETM technology.  The Collaboration Agreement
  provides  for minimum  consulting  fees to Sonex of  $240,000  over the next two
  years,  with  such  amounts  subject  to  adjustment  under  certain  conditions
  including specified changes in Sonex personnel. The Collaboration Agreement also
  grants Insitu the right to solicit the employment of Sonex personnel,  including
  consultants.
  
  Further  details of the two  agreements  remain  confidential  to  maintain  the
  competitive positions of both companies.
  
  The  Department  of Defense  (DoD) now  desires  engines  used in UASs and other
  military  applications for which gasoline  storage and use are  undesirable,  to
  operate on less  volatile,  heavy  fuels to reduce the  hazard  associated  with
  gasoline. Sonex has established a viable HFE technology baseline by applying its
  patented SCS modified combustion chamber design and proprietary  starting system
  to the  conversion  of  lightweight,  spark-ignited  (SI),  two-stroke  gasoline
  engines for use in military  applications such as UASs to start and operate with
  reduced fuel consumption and low smoke on kerosene-based  heavy fuels JP-5, JP-8
  and D-2 diesel (with lubricant  additive) while retaining the ignition precision
  of the SI process.  The SCS process for two-stroke engines achieves  in-cylinder
  control of ignition and combustion through the chemical/turbulent enhancement of
  combustion  via  combustion  chamber  modifications  that  change  the  chemical
  characteristics  and fuel  disbursement  characteristics  within the  combustion
  chamber.
  
  Sonex has previously  announced two development  and testing  agreements with an
  unnamed  customer,  now identified as Insitu.  The first in October 2005 was for
  the  development  of a combustion  system to convert the small,  two-stroke,  SI
  gasoline  engine used in the  ScanEagle to heavy fuel  operation.  Following the
  successful demonstration in February 2006 of a "Proof of Concept" laboratory SCS
  HFE prototype  operating on JP-5 heavy fuel, the Company  announced the award in
  March 2006 of a  follow-on  Phase 2 project to  develop,  fabricate  and qualify
  pre-production,  flight ready SCS HFEs. A significant  accomplishment of Phase 2
  has been the ability to reliably start the SCS HFE at cold temperatures.
  
  Dr.  Steven M. Sliwa,  President  and CEO of Insitu said,  "Our primary focus in
  this effort has been to deliver a heavy fuel engine solution to our customer and
  today's   announcement   demonstrates  the  progress  we've  made  with  Sonex's
  technology.  It is a  testament  to  the  skill  and  combined  talents  of  our
  respective teams that we've been able to meet our goal so  successfully."  Sliwa
  continued,  "All of our  customers  have  indicated  the  high  desire  for this
  capability, and we plan to start flying the solution in the coming weeks."
  
  Dr. Andrew A. Pouring,  Sonex  Chairman of the Board,  CEO and  President,  said
  "Sonex is pleased to be working  with the highly  professional  and  technically
  knowledgeable  members of the Insitu team who  understand  the  significance  of
  achieving  low  temperature  starting  and  operation of diesel type fuels in SI
  carbureted  engines in their UASs, in particular  the improved  safety impact on
  our Armed Forces.  The license agreement with Insitu is a significant  milestone
  in the history of this  company.  We are excited with the prospect of production
  HFEs  incorporating  the SCS  technology,  which  would serve as  validation  of
  Sonex's patented small HFE technology."
  
  Dr.  Pouring added that  "Without the many hours of dedicated  work and inspired
  innovation of the entire Sonex staff,  this advance could not have happened.  In
  spite of the persistent  pressure of the misguided  securities  litigation still
  being  pursued  against the Company which has hindered our progress by diverting
  management's  attention from making this business a success,  the support of the
  majority of our shareholders has contributed to this important event."
  
  Sonex  reports  that  as a  condition  of  the  execution  of  the  License  and
  Collaboration  Agreements  with  Insitu,  the holders of liens on the  Company's
  patents were required to subordinate  their security interest on the Sonex small
  HFE  technology  patent that is the  subject of the  License,  to the  Exclusive
  License Agreement.  These individuals are Dr. Andrew A. Pouring,  Sonex Chairman
  of the Board, CEO and President,  George E. Ponticas,  Sonex CFO,  Secretary and
  director,  Sonex  shareholder  and  consultant  Michael  I.  Keller,  and  Sonex
  shareholder  Sidney L. Gulick,  3d. Sonex executed loan and security  agreements
  early in 2005 granting security interests in its patents to these individuals to
  secure payment of compensation  being  deferred,  existing and new loans made to
  Sonex,  and personal  financial  guaranties by Dr.  Pouring of Sonex credit card
  obligations.
  
  
  Sonex  plans to use the  proceeds  from  this  transaction  to make  substantial
  payments on notes payable to Mr. Gulick and Mr. Keller,  unpaid compensation and
  consulting  fees,  Sonex credit card  obligations  personally  guaranteed by Dr.
  Pouring,  and other current liabilities.  In addition,  management plans to seek
  professional advice to address the many corporate, organizational, financial and
  other challenges facing Sonex.
  
  
  Contact:  George E. Ponticas,  CFO, Sonex  Research,  Inc.,  tel:  410-266-5556,
  email:  george.ponticas@sonex-na.com,   website:  www.sonexresearch.com;  Chesua
  Patte,     Media    Relations,     Insitu,     tel:     509-493-8600,     email:
  chesua.patte@insitu.com, website: www.insitu.com.
  
  
  About Insitu
  
  Insitu, located in Bingen,  Washington,  develops Unmanned Aerial Systems (UASs)
  for commercial and military  applications.  Insitu introduced the first Unmanned
  Aerial  Vehicle (UAV) to cross the Atlantic  Ocean and has partnered with Boeing
  to develop ScanEagle and Fugro Airborne Surveys to develop  GeoRanger.  For more
  information about the company, see www.insitu.com.
  
  
  About Sonex
  
  Sonex  Research,  Inc.,  a leader  in the  field of  combustion  technology,  is
  developing its patented Sonex Combustion  System (SCS)  piston-based  technology
  for in-cylinder  control of ignition and  combustion,  designed to increase fuel
  mileage and reduce  emissions  of internal  combustion  engines.  Sonex plans to
  complete  development,  commercialize  and  market  its  Sonex  Controlled  Auto
  Ignition (SCAI)  combustion  process to the automotive  industry to improve fuel
  efficiency of gasoline powered vehicles.  Additionally,  independent third-party
  testing has confirmed the potential of the SCS application  for  direct-injected
  diesel  engines  to  significantly   reduce  harmful  soot  in-cylinder  without
  increasing  fuel  consumption.  Other  SCS  designs  are being  used to  convert
  gasoline engines of various sizes to operate on safer, diesel-type "heavy fuels"
  for use in military and commercial  applications requiring light weight and safe
  handling and storage of fuel, such as in UASs (unmanned aerial systems).
  
  
  CAUTION REGARDING FORWARD-LOOKING STATEMENTS
  
  "Forward-looking"  statements  contained in this report, as well as all publicly
  disseminated  material about the Company, are made pursuant to the "safe harbor"
  provisions of the Private  Securities  Litigation Act. Such statements are based
  on current  expectations,  estimates,  projections and assumptions by management
  with respect to matters such as commercial acceptance of the SCS technology, the
  impact of  competition,  and the  Company's  financial  condition  or results of
  operations.  Readers are cautioned  that such  statements  are not guarantees of
  future  performance and involve risks and uncertainties  that could cause actual
  results to differ  materially from those  expressed in any such  forward-looking
  statements.
  
  
  RISK FACTORS
  
  Additional  information  regarding  the risks  faced by Sonex is provided in the
  Company's  periodic  filings with the Securities and Exchange  Commission  (SEC)
  under the heading "Risk  Factors".  Such filings are available upon request from
  the Company or online in the SEC's EDGAR database at  www.sec.gov.  The Company,
  however,  is  delinquent  in its filings  with the SEC. It has not filed  Annual
  Reports on Form 10-KSB for the years ended  December 31, 2004 and 2005 primarily
  because it lacks the  financial  resources to engage an  independent  registered
  public  accounting firm to conduct audits of the related  financial  statements,
  and  because it lacks the  staffing to prepare the Form 10-KSB due in large part
  to the amount of time management has devoted and the amount of funds the Company
  has spent in responding  to  litigation.  For the same reasons,  the Company has
  been unable to file its Quarterly  Reports on Form 10-QSB for 2005 and 2006. The
  Company is unable to  predict  when it will be able to make  these  filings  and
  there can be no  assurance  that the filings  will be made at all. In  addition,
  there can be no assurance  that a public market for the  Company's  Common Stock
  will continue to exist.
  
  
  ScanEagle(R) is a registered  trademark of the Boeing  Company.
  Insight(TM) and SeaScan(TM) are trademarks of Insitu, Inc.
  GeoRanger(TM) is a trademark of Fugro Airborne Surveys.
  
  
                                   ###
  
  
  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.
  
  
  November 7, 2006
  
  
  SONEX RESEARCH, INC.
  Registrant
  
  
  
  /s/ George E. Ponticas
  ----------------------
  George E. Ponticas
  Chief Financial Officer and Secretary
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metadata_filer: {"company-data": {"conformed-name": "SONEX RESEARCH INC", "cik": "0000723312", "assigned-sic": "8731", "irs-number": "521188993", "state-of-incorporation": "MD", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-14465", "film-number": "061193014"}, "business-address": {"street1": "23 HUDSON ST", "city": "ANNAPOLIS", "state": "MD", "zip": "21401", "phone": "4102665556"}, "mail-address": {"street1": "23 HUDSON STREET", "city": "ANNAPOLIS", "state": "MD", "zip": "21401"}}
text: 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): November 7, 2006
  
                              SONEX RESEARCH, INC.
                (Exact name of registrant as specified in Charter)
  
           Maryland                  000-14465              52-1188993
        (State or other           (Commision file         (IRS employer
        jurisdiction of               number)           identification no.)
         incorporation)
  
                       23 Hudson Street, Annapolis, MD 21401
                      (Address of principal executive offices)
  
                                (410) 266-5556
               (Registrant's telephone number, including area code)
  
                                      N/A
           (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  (see  General  Instruction  A.2.  below):
  
  [ ]  Written communications  pursuant to Rule 425 under the Securities Act
       (17 CFR 230.425)
  [ ]  Soliciting  material  pursuant to Rule 14a-12  under the Exchange Act
       (17 CFR 240.14a-12)
  [ ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the
       Exchange  Act (17 CFR  240.14d-2(b))
  [ ]  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 November 7, 2006, the Registrant Sonex Research, Inc. ("Sonex") issued a news
  release announcing the signing of an Exclusive License Agreement (the "License")
  and a Collaboration Agreement with Insitu, Inc. (Bingen, WA, www.insitu.com),  a
  pioneer developer of long-range,  unmanned,  autonomous aircraft. The registrant
  also posted the following  announcement  regarding the signing of the agreements
  with Insitu to its website www.sonexresearch.com:
  
                        SONEX SIGNS LICENSE AND COLLABORATION
                               AGREEMENTS FOR ITS UAS
                            HEAVY FUEL ENGINE TECHNOLOGY
  
  ANNAPOLIS,  MARYLAND,  November 7, 2006 - SONEX  RESEARCH,  INC.  (OTC SONX),  a
  leader in the field of combustion  technology,  announced that it has licensed a
  part of the  patented  Sonex  Combustion  System  (SCS) heavy fuel engine  (HFE)
  technology to Insitu,  Inc.  (Bingen,  WA), a pioneer  developer of  long-range,
  unmanned,  autonomous aircraft. Insitu is best known for its long endurance, low
  cost unmanned aerial systems (UAS) including the  Insight(TM),  the ScanEagle(R)
  UAS,  developed in partnership  with Boeing [NYSE:  BA], and the  GeoRanger(TM),
  UAS, developed in partnership with Fugro Airborne Surveys. Sonex and Insitu have
  also entered into a Collaboration Agreement under which the parties will consult
  and  cooperate  to identify  potential  new  projects  including  the  continued
  development and commercial application of the SCS HFE(TM) technology.
  
  Pursuant to an Exclusive  License  Agreement signed this week with Insitu,  over
  the next sixty days Sonex will receive cash payments for non-refundable  advance
  royalties and an exclusivity fee totaling $450,000.  In June 2006 upon signing a
  letter of intent  with  Insitu,  Sonex  received  a $50,000  advance  payment in
  anticipation of execution of the License. The license is exclusive to Insitu for
  UAS  engines  up to a certain  engine  size.  Sonex will also  receive  per unit
  royalties  from  Insitu for each engine  produced.  The amount of the royalty is
  dependent  on engine  size and is  subject  to  adjustment  depending  on engine
  volumes and the emergence of competitive HFEs.
  
  Under the  Collaboration  Agreement,  the parties will consult and  cooperate to
  identify  potential  new  projects  including  the  continued   development  and
  commercial application of the SCS HFETM technology.  The Collaboration Agreement
  provides  for minimum  consulting  fees to Sonex of  $240,000  over the next two
  years,  with  such  amounts  subject  to  adjustment  under  certain  conditions
  including specified changes in Sonex personnel. The Collaboration Agreement also
  grants Insitu the right to solicit the employment of Sonex personnel,  including
  consultants.
  
  Further  details of the two  agreements  remain  confidential  to  maintain  the
  competitive positions of both companies.
  
  The  Department  of Defense  (DoD) now  desires  engines  used in UASs and other
  military  applications for which gasoline  storage and use are  undesirable,  to
  operate on less  volatile,  heavy  fuels to reduce the  hazard  associated  with
  gasoline. Sonex has established a viable HFE technology baseline by applying its
  patented SCS modified combustion chamber design and proprietary  starting system
  to the  conversion  of  lightweight,  spark-ignited  (SI),  two-stroke  gasoline
  engines for use in military  applications such as UASs to start and operate with
  reduced fuel consumption and low smoke on kerosene-based  heavy fuels JP-5, JP-8
  and D-2 diesel (with lubricant  additive) while retaining the ignition precision
  of the SI process.  The SCS process for two-stroke engines achieves  in-cylinder
  control of ignition and combustion through the chemical/turbulent enhancement of
  combustion  via  combustion  chamber  modifications  that  change  the  chemical
  characteristics  and fuel  disbursement  characteristics  within the  combustion
  chamber.
  
  Sonex has previously  announced two development  and testing  agreements with an
  unnamed  customer,  now identified as Insitu.  The first in October 2005 was for
  the  development  of a combustion  system to convert the small,  two-stroke,  SI
  gasoline  engine used in the  ScanEagle to heavy fuel  operation.  Following the
  successful demonstration in February 2006 of a "Proof of Concept" laboratory SCS
  HFE prototype  operating on JP-5 heavy fuel, the Company  announced the award in
  March 2006 of a  follow-on  Phase 2 project to  develop,  fabricate  and qualify
  pre-production,  flight ready SCS HFEs. A significant  accomplishment of Phase 2
  has been the ability to reliably start the SCS HFE at cold temperatures.
  
  Dr.  Steven M. Sliwa,  President  and CEO of Insitu said,  "Our primary focus in
  this effort has been to deliver a heavy fuel engine solution to our customer and
  today's   announcement   demonstrates  the  progress  we've  made  with  Sonex's
  technology.  It is a  testament  to  the  skill  and  combined  talents  of  our
  respective teams that we've been able to meet our goal so  successfully."  Sliwa
  continued,  "All of our  customers  have  indicated  the  high  desire  for this
  capability, and we plan to start flying the solution in the coming weeks."
  
  Dr. Andrew A. Pouring,  Sonex  Chairman of the Board,  CEO and  President,  said
  "Sonex is pleased to be working  with the highly  professional  and  technically
  knowledgeable  members of the Insitu team who  understand  the  significance  of
  achieving  low  temperature  starting  and  operation of diesel type fuels in SI
  carbureted  engines in their UASs, in particular  the improved  safety impact on
  our Armed Forces.  The license agreement with Insitu is a significant  milestone
  in the history of this  company.  We are excited with the prospect of production
  HFEs  incorporating  the SCS  technology,  which  would serve as  validation  of
  Sonex's patented small HFE technology."
  
  Dr.  Pouring added that  "Without the many hours of dedicated  work and inspired
  innovation of the entire Sonex staff,  this advance could not have happened.  In
  spite of the persistent  pressure of the misguided  securities  litigation still
  being  pursued  against the Company which has hindered our progress by diverting
  management's  attention from making this business a success,  the support of the
  majority of our shareholders has contributed to this important event."
  
  Sonex  reports  that  as a  condition  of  the  execution  of  the  License  and
  Collaboration  Agreements  with  Insitu,  the holders of liens on the  Company's
  patents were required to subordinate  their security interest on the Sonex small
  HFE  technology  patent that is the  subject of the  License,  to the  Exclusive
  License Agreement.  These individuals are Dr. Andrew A. Pouring,  Sonex Chairman
  of the Board, CEO and President,  George E. Ponticas,  Sonex CFO,  Secretary and
  director,  Sonex  shareholder  and  consultant  Michael  I.  Keller,  and  Sonex
  shareholder  Sidney L. Gulick,  3d. Sonex executed loan and security  agreements
  early in 2005 granting security interests in its patents to these individuals to
  secure payment of compensation  being  deferred,  existing and new loans made to
  Sonex,  and personal  financial  guaranties by Dr.  Pouring of Sonex credit card
  obligations.
  
  Sonex  plans to use the  proceeds  from  this  transaction  to make  substantial
  payments on notes payable to Mr. Gulick and Mr. Keller,  unpaid compensation and
  consulting  fees,  Sonex credit card  obligations  personally  guaranteed by Dr.
  Pouring,  and other current liabilities.  In addition,  management plans to seek
  professional advice to address the many corporate, organizational, financial and
  other challenges facing Sonex.
  
  Contact:  George E. Ponticas,  CFO, Sonex  Research,  Inc.,  tel:  410-266-5556,
  email:  george.ponticas@sonex-na.com,   website:  www.sonexresearch.com;  Chesua
  Patte,     Media    Relations,     Insitu,     tel:     509-493-8600,     email:
  chesua.patte@insitu.com, website: www.insitu.com.
  
  About Insitu
  
  Insitu, located in Bingen,  Washington,  develops Unmanned Aerial Systems (UASs)
  for commercial and military  applications.  Insitu introduced the first Unmanned
  Aerial  Vehicle (UAV) to cross the Atlantic  Ocean and has partnered with Boeing
  to develop ScanEagle and Fugro Airborne Surveys to develop  GeoRanger.  For more
  information about the company, see www.insitu.com.
  
  About Sonex
  
  Sonex  Research,  Inc.,  a leader  in the  field of  combustion  technology,  is
  developing its patented Sonex Combustion  System (SCS)  piston-based  technology
  for in-cylinder  control of ignition and  combustion,  designed to increase fuel
  mileage and reduce  emissions  of internal  combustion  engines.  Sonex plans to
  complete  development,  commercialize  and  market  its  Sonex  Controlled  Auto
  Ignition (SCAI)  combustion  process to the automotive  industry to improve fuel
  efficiency of gasoline powered vehicles.  Additionally,  independent third-party
  testing has confirmed the potential of the SCS application  for  direct-injected
  diesel  engines  to  significantly   reduce  harmful  soot  in-cylinder  without
  increasing  fuel  consumption.  Other  SCS  designs  are being  used to  convert
  gasoline engines of various sizes to operate on safer, diesel-type "heavy fuels"
  for use in military and commercial  applications requiring light weight and safe
  handling and storage of fuel, such as in UASs (unmanned aerial systems).
  
  CAUTION REGARDING FORWARD-LOOKING STATEMENTS
  
  "Forward-looking"  statements  contained in this report, as well as all publicly
  disseminated  material about the Company, are made pursuant to the "safe harbor"
  provisions of the Private  Securities  Litigation Act. Such statements are based
  on current  expectations,  estimates,  projections and assumptions by management
  with respect to matters such as commercial acceptance of the SCS technology, the
  impact of  competition,  and the  Company's  financial  condition  or results of
  operations.  Readers are cautioned  that such  statements  are not guarantees of
  future  performance and involve risks and uncertainties  that could cause actual
  results to differ  materially from those  expressed in any such  forward-looking
  statements.
  
  RISK FACTORS
  
  Additional  information  regarding  the risks  faced by Sonex is provided in the
  Company's  periodic  filings with the Securities and Exchange  Commission  (SEC)
  under the heading "Risk  Factors".  Such filings are available upon request from
  the Company or online in the SEC's EDGAR database at  www.sec.gov.  The Company,
  however,  is  delinquent  in its filings  with the SEC. It has not filed  Annual
  Reports on Form 10-KSB for the years ended  December 31, 2004 and 2005 primarily
  because it lacks the  financial  resources to engage an  independent  registered
  public  accounting firm to conduct audits of the related  financial  statements,
  and  because it lacks the  staffing to prepare the Form 10-KSB due in large part
  to the amount of time management has devoted and the amount of funds the Company
  has spent in responding  to  litigation.  For the same reasons,  the Company has
  been unable to file its Quarterly  Reports on Form 10-QSB for 2005 and 2006. The
  Company is unable to  predict  when it will be able to make  these  filings  and
  there can be no  assurance  that the filings  will be made at all. In  addition,
  there can be no assurance  that a public market for the  Company's  Common Stock
  will continue to exist.
  
  ScanEagle(R) is a registered  trademark of the Boeing  Company.
  Insight(TM) and SeaScan(TM) are trademarks of Insitu, Inc.
  GeoRanger(TM) is a trademark of Fugro Airborne Surveys.
  
                                   ###
  
  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.
  
  November 7, 2006
  
  SONEX RESEARCH, INC.
  Registrant
  
  /s/ George E. Ponticas
  ----------------------
  George E. Ponticas
  Chief Financial Officer and Secretary