Business Context and Reporting Period
This Form 8-K is filed by Probe Manufacturing, Inc. (not Clean Energy Technologies, Inc.) with a report date of September 21, 2006, covering an event that occurred on September 11, 2006. The registrant is incorporated in Nevada and maintains its principal executive offices in Lake Forest, California.
Key Financial Metrics
This filing does not provide revenue, profit, cash flow, margin, debt, or liquidity metrics. The document focuses exclusively on a specific contractual agreement.
Material Changes
The company entered into a material definitive agreement on September 11, 2006:
- Agreement Type: Sublease for office and manufacturing space.
- Counterparty: Quantum Fuels System Technologies Worldwide, Inc.
- Location: 25242 Artic Ocean Drive, Lake Forest, CA 92630.
- Term: Two years with an option to renew for three additional years.
- Cost: Monthly rate of $8,027.00.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies beyond the execution of the sublease agreement.
Investor Verification Checklist
- Verify the identity of the registrant (Probe Manufacturing, Inc.) versus the requested company name (Clean Energy Technologies, Inc.).
- Confirm the financial impact of the new $8,027 monthly lease obligation on future operating expenses.
- Review the full text of the Sublease Agreement (Exhibit 10.1) for specific terms regarding the renewal option and termination clauses.
- Check subsequent filings to determine if the company exercised the three-year renewal option.