-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, UnPc1nbEdw9JQHD6quMj0BijZXgnpE5uwvGv7cweWB/Xx9QhZGIIMx4H99hKRiPK 5b7dORgKeJO+2euE210O5g== 0000950115-96-001317.txt : 19960917 0000950115-96-001317.hdr.sgml : 19960917 ACCESSION NUMBER: 0000950115-96-001317 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19960913 ITEM INFORMATION: Other events FILED AS OF DATE: 19960916 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: ADAGE INC CENTRAL INDEX KEY: 0000002186 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRONIC & OTHER ELECTRICAL EQUIPMENT (NO COMPUTER EQUIP) [3600] IRS NUMBER: 042225121 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-07336 FILM NUMBER: 96630416 BUSINESS ADDRESS: STREET 1: 625 WILLOWBROOK LANE CITY: WEST CHESTER STATE: PA ZIP: 19382 BUSINESS PHONE: 2154303900 MAIL ADDRESS: STREET 1: 625 WILLOWBROOK LANE STREET 2: 625 WILLOWBROOK LANE CITY: WEST CHESTER STATE: PA ZIP: 19382 8-K 1 CURRENT REPORT 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 13, 1996 ------------------ Adage, Inc. - -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) Pennsylvania 33-31797 04-2225121 ------------ -------- ---------- 400 Willowbrook Lane, West Chester, Pa 19382 ---------------------------------------------- Registrant's telephone number, including area code 610-430-3900 ------------ - -------------------------------------------------------------------------------- (Former name or former address, if changed since last report.) ITEM 5 - OTHER EVENTS THE REGISTRANT RELEASED A QUARTERLY SHAREHOLDER'S REPORT WHICH INCLUDED A LETTER FROM THE CHAIRMAN AND PRESIDENT. THIS LETTER IS APPENDED AS EXHIBIT 1. Pursuant to the requirements of Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. ADAGE, INC. /s/Robert T. Holland -------------------- Robert T. Holland Vice President - Finance Date: September 13, 1996 EX-99.1 2 SHAREHOLDER LETTER EXHIBIT 1 Dear Shareholder: I am pleased to announce that RELM Communications, our wholly owned subsidiary, has received a contract for approximately $40,000,000 from the U.S. Army for wireless communications equipment. This is our largest contract to date, and will generate about $8,000,000 in revenue annually for the next five years. Net income for the second quarter of 1996 increased to $75,000 or $.01 per share versus a loss from continuing operations of ($47,000) or ($.01) per share for the same quarter in 1995. For the first half, net income grew to $277,000 or $.05 per share, as compared to a loss from continuing operations for the first half of 1995 of ($301,000) or ($.06) per share. First Half 1996 First Half 1995 --------------- --------------- Sales $ 23,986 $ 23,213 Operating Income 942 452 Operating Margin 3.9% 1.9% This improved profitability was generated by RELM Communications, our wireless communications equipment subsidiary. Adage is strongly committed to expanding its position in the wireless communications equipment market. RELM has recently announced the appointment of Dr. John S. Gregory as Chief Scientist. In this role, Dr. Gregory will direct efforts to maximize the technology transfers inherent in the Company's strategic alliances with Motorola, Tadiran Ltd. of Israel and Stanilite Electronics of Australia. He will also spearhead the Company's continued development of digital wireless communication equipment. Recently RELM introduced three new wireless communication products to complement its existing product line. o A line of UHF Desktop Base Stations and Repeaters which offer enhancements that upgrade the management of channel assignments and better communicate channel changes to all system users. These new base stations and repeaters offer our customers standard features which are only available as add-on options on competitor's systems. o A new series of "Jerk and Run" units which combine a hand held radio with a vehicular-mounted amplifier and battery changer. This unit allows fire, police, search and rescue and other emergency personnel to have the mobility of a hand-held radio, combined with the effective range and reliability of a mobile radio mounted in a vehicle. o A line of In Band and Cross Band Mobile Repeaters which will allow our customers to select any combination of RELM SL and SM Series radios to best serve their individual needs, thus adding even more flexibility to the RELM product offerings. Very truly yours, Donald F.U. Goebert Chairman and President -----END PRIVACY-ENHANCED MESSAGE-----