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

                                December 27, 2005

                          SENSOR SYSTEM SOLUTIONS, INC.
               (Exact Name of Registrant as Specified in Charter)


           Nevada                        0-024828                98-0226032
(State or other jurisdiction           (Commission             (IRS Employer
      of incorporation)                File Number)          Identification No.)


   45 Parker Avenue, Suite A, Irvine, California                    92618
     (Address of principal executive offices)                    (Zip code)
                (949) 855-6688
 Registrant's telephone number, including area code:


                                 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:

|_|  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))
<PAGE>

Item 1.01. Entry into Material Definitive Agreements.

      On August 10, 2005, Sensor System Solutions,  Inc. (the "Company") entered
into  an  Engagement  Agreement  (the  "Engagement   Agreement")  with  Trenwith
Securities, LLC ("Trenwith").  Pursuant to the Engagement Agreement, the Company
engaged  Trenwith as its managing  placement  agent in connection with a private
placement  transaction  with  accredited  investors  up to  $20,000,000  of  the
Company's  common  stock,  par value $0.01 per shares (the "Common  Stock").  In
consideration of Trenwith's  performances as managing  placement agent, and upon
the closing of a private  placement  transaction  with an investor,  the Company
agreed to issue to Trenwith  warrants for the purchase of the  Company's  Common
Stock subject to the terms and conditions of the Engagement Agreement.

      On October 6, 2005, the Company entered into a Standby Equity Distribution
Agreement with Cornell Capital Partners, LP ("Cornell"),  pursuant to which, the
Company could have, at its  discretion,  periodically  sold to Cornell shares of
its Common Stock for a total purchase price of $15,000,000.  On October 6, 2005,
the Company also entered into a Securities  Purchase Agreement pursuant to which
the Company issued to Cornell  secured  convertible  debentures in the aggregate
principal amount of $600,000. In connection with the Engagement  Agreement,  and
the entry into the Standby  Equity  Distribution  Agreement  and the  Securities
Purchase  Agreement,  each dated October 6, 2005, with Cornell,  on November 16,
2005,  the Company  issued to Trenwith a warrant  (the  "November  Warrant")  to
purchase up to 511,607 shares of the Company's  Common Stock. Out of the 511,607
shares,  Trenwith was entitled to purchase up to 42,857  shares of the Company's
Common Stock at an exercise price of $0.35 per share, at any time until 11:59 pm
Eastern  Time on October 6, 2009.  Trenwith  was  entitled to purchase up to the
remaining  468,750 shares of the Company's  Common Stock at an exercise price of
$0.80 per share at any time until 11:59 pm Eastern Time on October 6, 2008.

      On December 23, 2005,  the Company  entered into a  Termination  Agreement
with Cornell Capital Partners, pursuant to which the Standby Equity Distribution
Agreement,  as  well  as the  related  Registration  Rights  Agreement  and  the
Placement Agent Agreement, each dated as of October 6, 2005, were terminated. In
connection with the termination of the Standby Equity Distribution Agreement and
related  documents,  the Company and Trenwith  mutually  agreed to terminate and
cancel the November Warrant with Trenwith.

      On December 23,  2005,  the Company  entered  into a  Securities  Purchase
Agreement with Cornell Capital Partners, pursuant to which the Company issued to
Cornell Capital Partners secured convertible  debentures in the principal amount
of $1,000,000.

      On  December  27,  2005,  in  connection  with  the  Securities   Purchase
Agreement, dated December 23, 2005, the Company issued to Trenwith a new warrant
(the "New  Warrant") to purchase up 86,866 shares of the Company's  Common Stock
at an exercise price of $0.2878 per share.  The New Warrant  expires on December
23, 2009.

Item 3.02. Unregistered Sales of Equity Securities.

         See Item 1.01 above.


Item 9.01. Financial Statements and Exhibits.

         (a) Not applicable
         (b) Not applicable
         (c) Exhibit No. Description:


                                       2
<PAGE>

<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------
Exhibit          Description                                                           Location
-----------------------------------------------------------------------------------------------------------------------
<S>              <C>                                                                   <C>

Exhibit 10.1     Engagement Agreement, dated as of August 10, 2005, by                 Incorporated by reference as
                 and between the Company and Trenwith Securities, LLC                  Exhibit 10.1 to Form 8-K filed
                                                                                       on November 18, 2005

Exhibit 10.2     Warrant, dated as of December  27, 2005, issued by the                Provided herewith
                 Company to Trenwith Securities, LLC

Exhibit 10.3     Securities Purchase Agreement, dated as of December 23,               Incorporated by reference as
                 2005, by and between Sensor System Solutions, Inc. and                Exhibit 10.1 to Form 8-K filed
                 Cornell Capital Partners, LP                                          on January 4, 2006

Exhibit 10.4     Termination Agreement, dated as of December 23, 2005, by              Incorporated by reference as
                 and between Sensor System Solutions, Inc. and Cornell                 Exhibit 10.9 to Form 8-K filed
                 Capital Partners, LP                                                  on January 4, 2006
</TABLE>




                                       3
<PAGE>

                                   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.

Date:    January 23, 2005                SENSOR SYSTEM SOLUTIONS, INC.


                                         By:    /s/ Michael Young
                                                -----------------
                                         Name:  Michael Young
                                         Title: Chief Executive Officer




                                       4
{"company-data": {"conformed-name": "SENSOR SYSTEM SOLUTIONS INC", "cik": "0001111872", "assigned-sic": "7389", "irs-number": "980226032", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-30573", "film-number": "06545243"}, "business-address": {"street1": "45 PARKER AVENUE, SUITE A", "city": "IRVINE", "state": "CA", "zip": "92618", "phone": "949-855-6688"}, "mail-address": {"street1": "45 PARKER AVENUE, SUITE A", "city": "IRVINE", "state": "CA", "zip": "92618"}, "former-company": {"former-conformed-name": "SPECTRE INDUSTRIES INC", "date-changed": "20000414"}}
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

                                December 27, 2005

                          SENSOR SYSTEM SOLUTIONS, INC.
               (Exact Name of Registrant as Specified in Charter)

           Nevada                        0-024828                98-0226032
(State or other jurisdiction           (Commission             (IRS Employer
      of incorporation)                File Number)          Identification No.)

   45 Parker Avenue, Suite A, Irvine, California                    92618
     (Address of principal executive offices)                    (Zip code)
                (949) 855-6688
 Registrant's telephone number, including area code:

                                 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:

|_|  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 1.01. Entry into Material Definitive Agreements.

      On August 10, 2005, Sensor System Solutions,  Inc. (the "Company") entered
into  an  Engagement  Agreement  (the  "Engagement   Agreement")  with  Trenwith
Securities, LLC ("Trenwith").  Pursuant to the Engagement Agreement, the Company
engaged  Trenwith as its managing  placement  agent in connection with a private
placement  transaction  with  accredited  investors  up to  $20,000,000  of  the
Company's  common  stock,  par value $0.01 per shares (the "Common  Stock").  In
consideration of Trenwith's  performances as managing  placement agent, and upon
the closing of a private  placement  transaction  with an investor,  the Company
agreed to issue to Trenwith  warrants for the purchase of the  Company's  Common
Stock subject to the terms and conditions of the Engagement Agreement.

      On October 6, 2005, the Company entered into a Standby Equity Distribution
Agreement with Cornell Capital Partners, LP ("Cornell"),  pursuant to which, the
Company could have, at its  discretion,  periodically  sold to Cornell shares of
its Common Stock for a total purchase price of $15,000,000.  On October 6, 2005,
the Company also entered into a Securities  Purchase Agreement pursuant to which
the Company issued to Cornell  secured  convertible  debentures in the aggregate
principal amount of $600,000. In connection with the Engagement  Agreement,  and
the entry into the Standby  Equity  Distribution  Agreement  and the  Securities
Purchase  Agreement,  each dated October 6, 2005, with Cornell,  on November 16,
2005,  the Company  issued to Trenwith a warrant  (the  "November  Warrant")  to
purchase up to 511,607 shares of the Company's  Common Stock. Out of the 511,607
shares,  Trenwith was entitled to purchase up to 42,857  shares of the Company's
Common Stock at an exercise price of $0.35 per share, at any time until 11:59 pm
Eastern  Time on October 6, 2009.  Trenwith  was  entitled to purchase up to the
remaining  468,750 shares of the Company's  Common Stock at an exercise price of
$0.80 per share at any time until 11:59 pm Eastern Time on October 6, 2008.

      On December 23, 2005,  the Company  entered into a  Termination  Agreement
with Cornell Capital Partners, pursuant to which the Standby Equity Distribution
Agreement,  as  well  as the  related  Registration  Rights  Agreement  and  the
Placement Agent Agreement, each dated as of October 6, 2005, were terminated. In
connection with the termination of the Standby Equity Distribution Agreement and
related  documents,  the Company and Trenwith  mutually  agreed to terminate and
cancel the November Warrant with Trenwith.

      On December 23,  2005,  the Company  entered  into a  Securities  Purchase
Agreement with Cornell Capital Partners, pursuant to which the Company issued to
Cornell Capital Partners secured convertible  debentures in the principal amount
of $1,000,000.

      On  December  27,  2005,  in  connection  with  the  Securities   Purchase
Agreement, dated December 23, 2005, the Company issued to Trenwith a new warrant
(the "New  Warrant") to purchase up 86,866 shares of the Company's  Common Stock
at an exercise price of $0.2878 per share.  The New Warrant  expires on December
23, 2009.

Item 3.02. Unregistered Sales of Equity Securities.

         See Item 1.01 above.

Item 9.01. Financial Statements and Exhibits.

         (a) Not applicable
         (b) Not applicable
         (c) Exhibit No. Description:

                                       2
-----------------------------------------------------------------------------------------------------------------------
Exhibit          Description                                                           Location
-----------------------------------------------------------------------------------------------------------------------
Exhibit 10.1     Engagement Agreement, dated as of August 10, 2005, by                 Incorporated by reference as
                 and between the Company and Trenwith Securities, LLC                  Exhibit 10.1 to Form 8-K filed
                                                                                       on November 18, 2005

Exhibit 10.2     Warrant, dated as of December  27, 2005, issued by the                Provided herewith
                 Company to Trenwith Securities, LLC

Exhibit 10.3     Securities Purchase Agreement, dated as of December 23,               Incorporated by reference as
                 2005, by and between Sensor System Solutions, Inc. and                Exhibit 10.1 to Form 8-K filed
                 Cornell Capital Partners, LP                                          on January 4, 2006

Exhibit 10.4     Termination Agreement, dated as of December 23, 2005, by              Incorporated by reference as
                 and between Sensor System Solutions, Inc. and Cornell                 Exhibit 10.9 to Form 8-K filed
                 Capital Partners, LP                                                  on January 4, 2006
3
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.

Date:    January 23, 2005                SENSOR SYSTEM SOLUTIONS, INC.

                                         By:    /s/ Michael Young
                                                -----------------
                                         Name:  Michael Young
                                         Title: Chief Executive Officer

                                       4