ALYN CORP
8-K, 2000-03-28
ABRASIVE, ASBESTOS & MISC NONMETALLIC MINERAL PRODS
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                       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): March 24, 2000

                                ALYN CORPORATION
             (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)

         Delaware                   000-21153                 33-0709359
      (STATE OR OTHER        (COMMISSION FILE NUMBER)      (I.R.S. EMPLOYER
      JURISDICTION OF                                     IDENTIFICATION NO.)
      INCORPORATION)

                  16761 Hale Avenue                              92606
                  Irvine, California
       (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)               (ZIP CODE)

       Registrant's telephone number, including area code (949) 425-1525

                                 Not Applicable
         (FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT)


<PAGE>

ITEM 5.  OTHER EVENTS.

On March 24, 2000, the Registrant issued a press release, a copy of which is
attached hereto as Exhibit 99.1.

EXHIBIT NUMBER          DESCRIPTION

Exhibit 99.1            Press Release of the Registrant, dated March 24, 2000.

<PAGE>

            Pursuant to the requirements of the Securities Act of 1934, the
Registrant has duly caused this report to be signed on behalf of the Registrant
by the undersigned thereunto duly authorized.

                                   ALYN CORPORATION

                                   By: /s/ Ray E. Brooks
                                       -----------------------------------------
                                       Name:    Ray E. Brooks
                                       Title:   Chief Financial Officer

Date: March 24, 2000




                                            For Immediate Release
                                            ---------------------

       [LOGO]                      CONTACT:   Ray E. Brooks
                                              CFO
        ALYN                                  (949) 475-1525
     CORPORATION                              Email: [email protected]

Engineered Solutions Through                  A NASDAQ Company
Metal Matrix Technology                       (ALYN)

                ALYN CORPORATION ANNOUNCES LAWSUIT SETTLEMENT

     IRVINE, Calif.--(BUSINESS WIRE)--March 24, 2000. On Wednesday, March 22,
2000, Alyn Corporation agreed to settle a lawsuit it brought against DataWorks
Corporation. DataWorks Corporation was acquired by Epicor Software Corporation
in December 1998. Alyn has agreed to settlement against payment of $1.8 million.
All other terms and conditions of the settlement are confidential.

     Alyn was represented by legal counsel, Edmond Connor and Marilyn Martin
Culver of Connor, Culver, Blake & Griffin LLP of Irvine, California.

     Alyn Corporation provides engineered solutions through metal matrix
technology to meet the needs of its customers in consumer and industrial
markets. Alyn is a vertically integrated company offering advanced metal matrix
composites, customer driven engineering solutions and strategically developed
manufacturing processes. Boralyn [Registered Trademark], the Company's principal
product, continues to be considered one of the premier metal alloys which has
the properties of being lighter than aluminum, stronger than titanium and
stiffer than steel.

     For additional information, contact Ray E. Brooks, Alyn Corporation, (949)
475-1525 or email: [email protected]
                   ---------------------------

                                     #######

     Safe Harbor Statement under the Private Securities Litigation Reform Act of
1995: This release may contain forward-looking statements that involve risks and
uncertainties. Among the important factors which could cause actual results to
differ materially from those in the forward-looking statements are fluctuations
in quarterly operating results, limited historical revenues and prior losses,
the Company's limited manufacturing history, market acceptance of the Company's
products in commercial quantities, the need for future capital, rapid
technological change and new product development, competition and other factors
detailed in the Company's filings with the Securities and Exchange Commission,
including its filing on Form 10-K for the year ended December 31, 1999.



                  16761 Hale Avenue, Irvine, CA 92606-5006 USA
             http://www.alyn.com (USA)  http://www.alyn.co.uk  (Europe)




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