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

Date of Report (Date of earliest event reported):     September 2, 2008

Colorado
(State or other jurisdiction of incorporation)

1722 Boxelder St., Suite 101, Louisville, Colorado 80027
(Address of principal executive offices)

Registrant’s telephone number, including area code:    (303) 439-0372

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:

[ X ]    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ X ]    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 September 2, 2008, Security With Advanced Technology, Inc. (the “Company”) loaned $150,000 under a Promissory Note (“Note”) to PepperBall Technologies, Inc. (“PepperBall”). The Note does not bear interest and PepperBall is not obligated to repay the Note unless the previously announced merger between the Company and PepperBall is not consummated due to the failure of PepperBall’s stockholders to approve the merger or if the board of directors of PepperBall withdraws its recommendation of the merger. If the Note becomes due, it is payable within 90 days of either event. In addition, pursuant to the terms of the Note, the principal amount of the loan will be credited toward the minimum amount of unrestricted cash that the Company must have on hand at the effective time of the merger. The Note contains certain other customary provisions such as default provisions. A copy of the Note is filed herewith as Exhibit 10.1.

The following disclosure is made in accordance with Rule 165 of the Securities Act of 1933, as amended, and Rule 14a-12 of the Securities Exchange Act of 1934, as amended.

IN CONNECTION WITH THE PROPOSED MERGER, THE COMPANY HAS FILED RELEVANT MATERIALS WITH THE SEC, INCLUDING A REGISTRATION STATEMENT ON FORM S-4 THAT CONTAINS A JOINT PROXY STATEMENT/PROSPECTUS. INVESTORS AND SECURITY HOLDERS ARE URGED TO CAREFULLY READ THESE MATERIALS, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS THERETO, BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT THE COMPANY, PEPPERBALL AND THE MERGER. INVESTORS MAY OBTAIN THE REGISTRATION STATEMENT AND THE JOINT PROXY STATEMENT/PROSPECTUS, AND ANY OTHER RELEVANT DOCUMENTS, FREE OF CHARGE EITHER AT THE SEC’S WEBSITE: WWW.SEC.GOV OR BY CONTACTING SWAT AT 1722 BOXELDER STREET, SUITE 101, LOUISVILLE, COLORADO 80027 (TELEPHONE NUMBER: (303) 439-0372).

The Company and its executive officers and directors may be deemed to be participants in the solicitation of proxies in connection with the merger. Information about those executive officers and directors of the Company and their ownership of the Company’s common stock is set forth in the joint proxy statement/prospectus contained in the Company’s Registration Statement on Form S-4.

Item 9.01   Exhibits.

SIGNATURES

                        Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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