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

~~April~~January 1131, ~~2006~~ 2007

(Date of earliest event reported)

POWER TECHNOLOGY, INC.

(Exact name of small Business Issuer as specified in its charter)

NEVADA	88-0395816
(State or other jurisdiction of	(IRS Employer Identification No.)
incorporation or organization)
	541710
	(Primary Standard Industrial Classification Code)
109 North Post Oak, Suite 422
5300 Memorial Drive, Suite 700
Houston, Texas	~~77024~~77007
(Address of principle executive offices)	(Zip Code)

(713) 612-4310

Issuer’s telephone number, including area code

ITEM 12.~~01 ENTRY~~03 CREATION ~~INTO~~OF A ~~MATERIAL~~DIRECT ~~DEFINITIVE~~FINANICAL ~~AGREEMENT~~OBLIGATION OR AN OBLIGATION UNDER AN OFF-BALANCE SHEET ARRANGEMENT OF A REGISTRANT.

On ~~April 11~~January 31, ~~2006~~2007, ~~our~~we ~~wholly~~executed ~~owned~~a ~~subsidiary,~~Secured ~~Sentry~~Promissory ~~Power~~Note ~~Technology~~with CSI Business Finance, Inc. (“~~SPT~~CSI”) ~~and we~~in ~~entered~~the ~~into~~amount anof ~~Asset~~$165,000 ~~Purchase Agreement~~ (the “~~Agreement~~Note”). ~~with~~The ~~Sentry~~Note ~~Power,~~will be ~~LLC~~funded ~~(“Sentry”).~~to ~~Pursuant~~us toas ~~the~~follows: ~~terms~~$75,000 ofshall ~~the~~be ~~Agreement,~~funded ~~SPT~~on ~~will~~January 31, ~~subject~~2007. toIf, prior ~~closing,~~to ~~acquire~~March ~~the~~1, ~~assets~~2007, ofour ~~Sentry~~shareholders ~~for~~approve aand ~~total~~ratify ~~purchase~~an ~~price~~amendment ofto ~~$1,195,000~~our ~~which~~Articles isof Incorporation to bechange ~~paid~~the atnumber ~~closing~~of byauthorized ~~issuing~~shares ~~$960,000 worth~~ of our ~~restricted~~ common stock ~~(the~~from ~~“Power~~100,000,000 ~~Shares”)~~shares ~~(which are~~ to be750,000,000 ~~valued~~shares, asthen of the ~~closing~~remaining ~~price~~$45,000 ~~per~~shall ~~share~~be funded on ~~the~~March ~~date immediately prior to the closing date as reported by Bloomberg~~1, ~~LP).~~2007 ~~Additionally,~~and ~~SPT~~a ~~will~~final ~~assume~~funding of $~~235~~45,000 ~~in debt presently owed~~shall ~~by Sentry~~occur toon ~~CSI~~April ~~Business Finance~~1, ~~Inc~~2007. ~~(“CSI”).~~

~~With~~The ~~regard~~Note bears tointerest ~~the~~at ~~debt,~~18% ~~SPT~~per ~~will~~annum ~~assume~~from the ~~debt~~date toof ~~CSI~~funding ~~and~~until ~~will~~paid ~~execute~~in ~~a new~~full. ~~security~~Accrued ~~agreement~~interest ~~and~~is wedue ~~will~~and ~~guarantee~~payable on the ~~note.~~first Atday ~~closing,~~of weMarch ~~will~~2007, ~~execute~~and on athe ~~stock pledge agreement granting CSI a first lien on all capital stock or other~~1st ~~interest~~day of ~~SPT which we hold. Our agreement to guarantee the debt is~~ ~~conditioned~~each ~~upon~~subsequent ~~and~~month ~~subject~~during to the ~~terms~~term ~~and conditions~~ of ~~a Guaranty Stock Pledge Agreement (~~the ~~“Stock~~Note. ~~Pledge~~The ~~Agreement”)~~Note tomatures beon ~~entered into at closing~~June ~~between Sentry and us which will provide for Sentry to pledge as collateral for the Stock Pledge Agreement an amount equal to $250~~30,~~000 of the Power Shares.~~ 2007.

~~Additionally,~~We ~~SPT~~may prepay ~~will~~the ~~enter~~Note. ~~into~~In ~~employment~~addition, ~~agreements~~the ~~with~~Note ~~Robert~~has ~~Magyar~~been tosecured ~~serve~~by asa ~~SPT’s~~Stock Pledge ~~President~~Agreement ~~and~~between ~~Michael~~CSI ~~Julian~~and toour ~~serve~~Chief asExecutive ~~SPT’s~~Officer, ~~Vice~~Bernard ~~President/Director~~Walter, ofcovering ~~Operations~~9,971,604 shares of our common stock held by Mr. Walter.

The terms of the Agreement provide for a closing on or before May 1, 2006, upon completion of due diligence, an audit of Sentry’s previous operations and other conditions standard and customary in a transaction of this nature.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

Exhibit 10.1 ~~Asset~~Secured ~~Purchase~~Promissory ~~Agreement~~Note in the principal amount of $165,000 dated ~~April~~January 1131, ~~2006~~2007.

Exhibit 99.1 Press Release dated April 11, 2006


	POWER TECHNOLOGY, INC.

Date: February 6, 2007	By:	/s/ Bernard J. Walter
		Bernard J. Walter
		Chief Executive Officer and President

SIGNATURE

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.

	POWER TECHNOLOGY, INC.
Date: April 17, 2006	By:	/s/ Bernard J. Walter
		Bernard J. Walter
		Chief Executive Officer and President

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