-----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, DpaPg10VKqiuW9YSI3QJi/CGTNLnsIObg18ClRqEinumyrAE9ux77vVuqa4PEnxn /KS1JGx7ngsiY8/ebP8MdA== 0001144204-09-058081.txt : 20091112 0001144204-09-058081.hdr.sgml : 20091111 20091112073538 ACCESSION NUMBER: 0001144204-09-058081 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20091111 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20091112 DATE AS OF CHANGE: 20091112 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ENCISION INC CENTRAL INDEX KEY: 0000930775 STANDARD INDUSTRIAL CLASSIFICATION: SURGICAL & MEDICAL INSTRUMENTS & APPARATUS [3841] IRS NUMBER: 841162056 STATE OF INCORPORATION: CO FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-11789 FILM NUMBER: 091174020 BUSINESS ADDRESS: STREET 1: 4828 STERLING DR CITY: BOULDER STATE: CO ZIP: 80302 BUSINESS PHONE: 3034442600 MAIL ADDRESS: STREET 1: 4828 STERLING DR CITY: BOULDER STATE: CO ZIP: 80301 FORMER COMPANY: FORMER CONFORMED NAME: ELECTROSCOPE INC DATE OF NAME CHANGE: 19960502 8-K 1 v165675_8k.htm

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)
November 11, 2009
 
ENCISION, INC.
(Exact name of registrant as specified in its charter)
 
Colorado
0-28604
84-1162056
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(I.R.S. Employer
Identification No.)
 
6797 Winchester Circle, Boulder, Colorado
80301
(Address of principal executive offices)
(Zip Code)
 
Registrant’s telephone number, including area code
(303) 444-2600
 
 
(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 (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] 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 7.01.            Regulation FD Disclosure.

On November 11, 2009, Encision Inc. mailed its shareholders a letter from Jack Serino, the Company’s chief executive officer, regarding an update on the Company’s business.  A copy of the letter is furnished herewith as Exhibit 99.1.

In Accordance with General Instruction B.2 of Form 8-K, the information in this Item shall not be deemed “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing.

Item 9.01.           Financial Statements and Exhibits.

(d) Exhibits

99.1                      Letter from Jack Serino to the Shareholders of Encision Inc. dated November 11, 2009


 
 

 

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 hereunto duly authorized.


 
ENCISION, INC.
(Registrant)
 
     
       
Date November 11, 2009
By:
/s/ Marcia K. McHaffie  
    Marcia K. McHaffie  
   
Controller
Principal Accounting Officer
 
       


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Exhibit 99.1


 

November 11, 2009



Dear Shareholders,

We want to give you an update on events and some of the activities that we are engaged in that will add value to Encision Inc. and enhance our shareholders’ worth.  Despite these difficult economic times, we have not deviated from our sales and marketing, engineering and manufacturing initiatives.  More importantly, we are not pleased with the status quo and have stepped up our game.

As announced earlier this fiscal year, we signed a non-exclusive manufacturing, supply and licensing agreement with Intuitive Surgical.  In case you are not aware, Intuitive Surgical has pioneered robotic surgery in several surgical disciplines and currently generates annual revenue of close to $1 billion.

Your management is aggressively pursuing technology licensing agreements, strategic partnerships and breakthrough products and technologies to expand our business and hopes to announce further strategic initiatives in the future.

In this regard, we have renewed, for two years, a $2 million credit facility with Silicon Valley Bank which provides us with the capital to pursue discovered opportunities.

As you may know, minimally invasive surgery continues to evolve rapidly, as evidenced by the advent of single port access (“SPA”) laparoscopy.  At the recent meeting in Chicago of the American College of Surgeons, Dr. Morris Franklin, Director of the Texas Endosurgery Institute, presented “Dangers of Single Port Access (SPA): Unseen and Unsuspected.”  He noted that it is inevitable that multiple instruments which enter a single port at the umbilicus (the belly button) will make shaft contact and, when one instrument is energized, it may result in direct coupling, electrical field generation and capacitive coupling generation.  Further, he cautioned that these instrument shafts rest in contact with, or in close proximity to, vital organs.  .

We believe that our patented AEM® technology will offer a solution for these potential patient hazards that are magnified in SPA and Natural Orifice Transluminal Endoscopic Surgery (NOTES) when compared to traditional laparoscopy.  Our engineers have duplicated these hazards in our laboratory and in a porcine model.  We are poised to participate in the growing SPA market with our current line of AEM instrumentation and we are exploring product modifications for both markets.  Also, we have submitted patent applications on enhanced control shielding.


 
 

 
 
Page 2

 

During the second half of our fiscal year 2010, we expect to introduce two new disposable instruments, an enhanced performance reusable instrument, and an improved version of a disposable instrument.  And in the first three months of our fiscal year 2011, we will complete our pledge to offer both a disposable and a reusable alternative for every major product line with the introduction of a new disposable instrument.

International market expansion is underway with distribution agreements now executed with distributors in Japan and, most recently, the Netherlands.  Regulatory approvals, translations and training need to be completed prior to commercialization.

During this current fiscal year, we have continued our manufacturing vertical integration goal with the addition of several processes.  And, we are currently adding a clean room to our manufacturing capabilities.  These will provide us with additional manufacturing efficiencies and further cost reductions.  Earlier this fiscal year, we renegotiated our facility’s lease and obtained a lower rental rate and received first right of refusal to lease the remaining unused quadrant of our building for future expansion.

We will be updating you on material events with press releases as they occur.

We appreciate your continued support.

Sincerely,

Jack Serino

Jack Serino
President & CEO
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