FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13A-16 OR 15D-16
OF THE
SECURITIES EXCHANGE ACT OF 1934
For the month of November, 2002
ENERGY POWER SYSTEMS LIMITED
(FORMERLY: ENGINEERING POWER SYSTEMS LIMITED)
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(Address of Principal executive offices)
Suite 301, 2 Adelaide Street West, Toronto, Ontario, M5H 1L6
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(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports
under cover form 20-F or Form 40-F:
Form 20-F X Form 40-F
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Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2b under the Securities Exchange Act of 1934:
Yes No X
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If "Yes" is marked, indicate below the file number assigned to the registrant
in connection with Rule 12g3- 2(b): 82
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, thereunto duly authorized.
ENERGY POWER SYSTEMS LIMITED
(formerly: Engineering Power Systems Limited)
Date: November 21, 2002 By:____"Sandra J. Hall"____ ______
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Sandra J. Hall, President, Secretary & Director
BRITISH COLUMBIA SECURITIES COMMISSION
ANNUAL REPORT
BC FORM 51-901F
(Previously Form 61)
FREEDOM OF INFORMATION AND PROTECT OF PRIVACY ACT: The personal information
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requested on this form is collected under the authority of and used for the
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purposes of administering the Securities Act. Questions about the collection or
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use of this information can be directed to the Supervisor, Financial Reporting
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(604-899-6729), P.O. Box 10142, Pacific Centre, 701 West Georgia Street,
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Vancouver, B.C. V7Y 1L2 Toll Free in British Columbia 1-800-373-6393.
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ISSUER DETAILS FOR THE YEAR ENDED DATE OF REPORT
NAME OF ISSUER Y M D Y
M D
ENERGY POWER SYSTEMS LIMITED 2002 06 30 2002 11
15
ISSUER ADDRESS
2 Adelaide Street West, Suite 301
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CITY/ PROVINCE POSTAL CODE
ISSUER FAX NO. CONTACT TELEPHONE NO.
Toronto Ontario M5H 1L6 416-861-9623 416-861-1484
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CONTACT PERSON CONTACTS POSITION CONTACT TELEPHONE NO.
Scott Hargreaves Chief Financial Officer 416-861-1484
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CERTIFICATE
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The three schedules required to complete this Report are attached and the
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disclosure contained therein has been approved by the Board of Directors. A
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copy of this Report will be provided to any shareholder who requests it.
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DIRECTOR'S SIGNATURE DATE OF REPORT
PRINT FULL NAME Y M D
"Sandra Hall"
Sandra Hall 2002 11 15
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DATE OF REPORT
Y M D
DIRECTOR'S SIGNATURE PRINT FULL NAME
2002 11 15
"James C. Cassina" James C. Cassina
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ENERGY POWER SYSTEMS LIMITED
FORM 51-901F-ANNUAL REPORT FOR June 30, 2002
November 15, 2002 PAGE 2
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SCHEDULE A: FINANCIAL INFORMATION
See audited consolidated financial statements of the Company for the fiscal
period ended June 30, 2002.
SCHEDULE B: SUPPLEMENTARY INFORMATION
1. ANALYSIS OF EXPENSES
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[GRAPHIC OMITED]
[GRAPHIC OMITED]
2. RELATED PARTY TRANSACTIONS
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During the year the Company did not enter into related party transactions.
ENERGY POWER SYSTEMS LIMITED
FORM 51-901F-ANNUAL REPORT FOR June 30, 2002
November 15, 2002 PAGE 3
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3. SUMMARY OF SECURITIES ISSUED AND OPTIONS GRANTED DURING THE PERIOD
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For a summary of securities issued and options granted during the year ended
June 30, 2002 please see note 10 of the consolidated financial statements.
4. SUMMARY OF SECURITIES AS AT END OF THE REPORTING PERIOD
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For a summary of securities as at end of the Reporting period please see note 10
of the consolidated financial statements.
5. LIST OF DIRECTORS AND OFFICERS:
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The directors and officers of the Company as at the date of this report are as
follows:
Directors: James C. Cassina
Sandra J. Hall
Milton Klyman
Ian S. Davey
Ramesh K. Naroola
Officers: James C. Cassina- Chairman
Sandra J. Hall-President and Chief Executive Officer
Scott T. Hargreaves, CA, CFA - Chief Financial Officer
ENERGY POWER SYSTEMS LIMITED
FORM 51-901F-ANNUAL REPORT FOR June30, 2002
November 15, 2002 PAGE 4
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SCHEDULE C: MANGEMENT DISCUSSION AND ANALYSIS
1. DESCRIPTION OF BUSINESS
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Please see Management Discussion and Analysis for the period ending June 30,
2002.
2. DISCUSSION OF OPERATIONS AND FINANCIAL CONDITIONS
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Please see Management Discussion and Analysis for the period ending June 30,
2002.
3. SUBSEQUENT EVENTS
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In addition to the information included in note 18 of the June 30, 2002
consolidated financial statements the following significant event occurred. The
three-year employment contract for the Company President, Mr. James Cassina
expired under its own terms on June 30, 2002 and was not renewed. Effective July
1, 2002 Ms. Sandra Hall, Company Secretary and Director of the Company was
appointed President. Also Mr. Cassina was appointed Chairman of the Board of
Directors.
4. FINANCINGS
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Please see note 10 of the June 30, 2002 consolidated financial statements.
5. LIQUIDITY AND SOLVENCY
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Please see Management Discussion and Analysis regarding Liquidity and Capital
Resources for the period ending June 30, 2002.