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                   U.S. SECURITIES AND EXCHANGE COMMISSION
                           Washington, D.C. 20549
                              _____________


                                 FORM 10-QSB

         -------------------------------------------------------------



          QUARTERLY REPORT UNDER SECTION 13 or 15(d) OF THE SECURITIES
                            EXCHANGE ACT OF 1934

              For the quarterly period ended June 30, 2002

                       Commission File No.:   0-10854

                          ORS AUTOMATION, INC.
(Exact name of small business issuer as specified in its charter)

            DELAWARE                           13-27956-75
   (State or other jurisdiction of           (I.R.S Employer
    incorporation or organization)         Identification No.)

          10 Channing Way, Princeton Jct., New Jersey     08550
          (Address of principal executive offices)      Zip Code)

                           (609) 924-1667
            (Issuer's telephone number, including area code)


     Check whether the issuer (1) has filed all reports required to
be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period
that the registrant was required to file such reports), and (2) has
been subject to such filing requirements for the past 90 days.
                 Yes /X/  No

     Check whether the issuer has filed all documents and reports
required to be filed by Section 12, 13 or 15(d) of the Securities
Exchange Act of 1934 subsequent to the distribution of securities
under a plan confirmed by a court.   Yes /X/   No

     As of June 30, 2002, 8,758,443 shares of the registrants
Common Stock and 12,000,000 shares of Class A Common Stock were
outstanding.

     Transitional Small Business Format.  Yes   No /X/

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                              ORS AUTOMATION, Inc.


                              INDEX TO FORM 10-QSB
                                  June 30, 2002

                                                             Page

Part I - Financial Information

   Item 1. Financial Statements:

      Unaudited Balance Sheet - June 30, 2002                  3

      Unaudited Statements of Operations and Accumulated
                Deficit for the Three Months and Six Months
                Ended June 30, 2002 and 2001.                  4

      Unaudited Statements of Cash Flows for the Six
                Months Ended June 30, 2002 and 2001.           5

      Notes to Financial Statements.                           6

   Item 2. Management's Discussion and Analysis of Financial
            Condition and Results of Operations.               7

Part II - Other Information                                    8

Signatures                                                     8


























                                     2

                           ORS AUTOMATION, INC
                          UNAUDITED BALANCE SHEET
                              JUNE 30, 2002

ASSETS

Current Assets:
  Cash                                                         $        45,160
                                                                  ------------
                   TOTAL ASSETS                                $        45,160
                                                               ===============
                   LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities:
  Accounts payable and accrued expenses                        $        32,902
                                                               ---------------
Stockholders' Deficit:
  Preferred stock                                                       10,000
  Common stock                                                         129,584
  Capital in excess of par value                                    24,914,163
  Accumulated deficit                                              (25,041,489)
                                                               ---------------
                    Total Stockholders' Equity                          12,258
                                                               ---------------
                    TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $        45,160
                                                               ===============



























  The Notes to Financial Statements are an integral part of this Statement

                                3

                         ORS AUTOMATION, INC.
                       UNAUDITED STATEMENTS OF INCOME
      FOR THE THREE AND SIX MONTHS ENDING JUNE 30, 2002

                                Three Months                    Six Months
                               Ended June 30,                  Ended June 30,
                            2002            2001           2002           2001
                         ----------      --------       ---------      --------
Sales                   $    --        $  143,011     $      627     $  541,988
Cost of Goods Sold           --           138,886            --         329,932
                         ----------     ----------     ----------     ---------
    Gross Profit (Loss)      --             4,125            627        212,056

Administrative, Marketing
   and General Expenses      5,787        142,359         31,521        242,629
                          ---------     ----------     ----------     ---------
Income (Loss) From
   Operations               (5,787)      (138,234)       (30,894)       (30,573)

Other (Income) Expense:
  Interest income             (180)        (2,846)          (451)        (7,720)
  Change in estimate of
   State priority tax
   claims payable              --         (30,049)           --         (30,049)
  Interest expense             --           5,270            --          10,540
    Deprecation and
     amortization              --           1,252            --           2,504
                        ----------     -----------      --------       --------
    Total Other (Income)
      Expenses, net           (180)       (26,373)          (451)       (24,725)
                        ----------     -----------      ----------      --------
Income (Loss) Before Provision
      for Income Taxes      (5,607)      (111,861)       (30,443)        (5,848)

Provision for Income Taxes   --              --             --             --
                   ---------------    ------------    ------------    ----------
Net Income (Loss)       $   (5,607)    $ (111,861)    $  (30,443)    $   (5,848)
                        ===========    ==========     ==========     ==========
Basic Earnings Per
      Common Stock      $     (.00)    $    (.01)     $     (.00)    $     (.00)
                        ===========    ==========     ==========     ==========
Common Shares Used in Company
      Basic Earnings Per Common
      Share              20,758,443    20,758,443     20,758,443    20,758,443
                         ===========   ==========     ==========    ==========








  The Notes to Financial Statements are an integral part of this statement.

                                 4

                        ORS AUTOMATION, INC.
                   UNAUDITED STATEMENTS OF CASH FLOWS
              FOR THE SIX MONTHS ENDING JUNE 30, 2002 AND 2001

                                                   2002                2001
                                                ------------        ----------
Cash Flows From Operating Activities:
  Net Income (Loss)                             $   (30,443)       $    (5,848)
  Adjustments to reconcile net income to net
   cash (used in) provided by operating activities:
    Depreciation and amortization                      --                2,504
    Change in estimate on state priority
       tax claims payable                              --              (29,475)
    Cash provided by (used in) changes in:
      Accounts receivable, net                         --             (239,320)
      Inventory, net                                   --               79,592)
      Prepaid expenses                                1,106                (11)
      Accounts payable and accrued expenses           4,591                760
      Accrued interest payable - related party         --                9,966
      Priority tax claims payable - interest           --                   --
      Income taxes payable                             --                   --
                                                 ----------         ----------
         Net Cash Provided By (Used In)
              Operating Activities                  (24,746)          (181 832)

Cash Flows From Investing Activities:
  Purchase of property and equipment                  --                   --
  Proceeds from sale of short-term investments        --                   --
                                                -----------        -----------
         Net Cash Provided By (Used In)
              Investing Activities                    --                   --
                                               ------------       ------------

Net  Increase (Decrease) in Cash                    (24,746)          (181,832)

Cash at Beginning of the Period                      69,906            390,528
                                                ------------       -----------
Cash at End of the Period                        $   45,160         $  208,696
                                                ===========        ===========

Supplemental Disclosure of Cash Flow Information:

      Cash paid during the period for:
            Interest                            $     --           $     --
            Income taxes                        $     --           $     --








The Notes to Financial Statements are an integral part of these statements

                                    5


                            ORS AUTOMATION, INC.

               NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                (Unaudited)

Note 1 - Basis of Presentation

     The unaudited financial statements included herein have been
prepared by the Company pursuant to the rules and regulations of
the Securities and Exchange Commission. Accordingly, they do not
include all of the information and footnotes required by generally
accepted accounting principles for complete financial statements.
The unaudited interim financial statements as of June 30, 2002 and
2001 reflect all adjustments (consisting of normal recurring
accruals) which, in the opinion of management, are considered
necessary for a fair presentation of the results for the periods
covered.

     The Unaudited Statements of Operations for the three months
And six months ended June 30, 2002 and 2001 are not necessarily
indicative of results for the full year.

     While the Company believes that the disclosures presented are
adequate to make the information not misleading, these financial
statements should be read in conjunction with the financial
statements and accompanying notes included in the Company's Current
Report on Form 10-KSB dated December 31, 2001.

Note 2 - Preferred and Common Stock

     The preferred stock of the Company has a par value of $.01 per
share and 1,000,000 shares have been authorized to be issued. All
are outstanding at June 30, 2002.

     The common stock of the Company has a par value of $.01 per
share and 10,000,000 shares have been authorized to be issued. As
of June 30, 2002, 8,758,443 shares are outstanding.

     The Company also has Class A common stock, which has a par
value of $.0035 per share and 12,000,000 shares have been
authorized to be issued. All are outstanding at June 30, 2002.

Note 3 - Income Per Share

     Income per share has been computed based upon the weighted
average number of shares of the sum of both common stock and Class
A common stock outstanding during the period.







                                  6


                        ORS AUTOMATION, INC.

              MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
                    CONDITION AND RESULTS OF OPERATIONS


GENERAL

Effective December 31, 2001, ORS Automation, Inc. ("ORS")
ceased conducting operations. The decision to cease operations was
made prior to the year end after ORS's two principal customers,
which accounted for substantially all of ORS's sales, canceled all
orders for products in the foreseeable future and based upon the
general decline in electronics manufacturing activity.

      Effective January 1, 2002, the principal activity of ORS is
to search for opportunities to maximize the value of ORS tangible
and intangible assets.



RESULTS OF OPERATIONS FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2002
      COMPARED TO THE THREE AND SIX MONTHS ENDED JUNE 30, 2001

      Since ORS ceased operations on December 31, 2001, there were
no sales for the three month and six month period ended June 30, 2002.
The expenses incurred for the three months and six months ended
June 30, 2002 related to accounting, legal and administrative expenses
needed to continue ORS existence while ORS attempted to seek
opportunities to maximize the value of its tangible and intangible
assets. The expenses also reflected payments required to meet
contractual employee severance obligations to provide healthcare
insurance coverage which will expire on December 31, 2002 at the
latest. Based on the foregoing, comparisons of results with the
corresponding periods in 2001 are not meaningful.


LIQUIDITY AND CAPITAL RESOURCES

ORS determined that its available cash flow would only allow
it to continue operations until December 31, 2001, unless it was
able to generate new sales of its products and services prior to
December 31, 2001. ORS was unable to generate new sales. In
addition, ORS was unable to obtain capital from other sources, such
as financial institutions or investors. Thus, effective December
31, 2001, ORS ceased its operations.








                                       7



                       PART II - OTHER INFORMATION

                             NONE




                               SIGNATURES

     In accordance with the requirements of the Exchange Act, the
registrant has caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.

                       ORS AUTOMATION, INC.
                           (Registrant)


Date:   August 13, 2002                       /s/ Edward Kornstein

                                                 Edward Kornstein
                                                   President
                                     (Principal Accounting Officer)












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