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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): April 23, 1998
Moyco Technologies, Inc.
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(Exact Name of Registrant as specified in its charter)
Pennsylvania 0-4123 23-1697233
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
200 Commerce Drive, Montgomeryville, PA 18936
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Registrant's telephone number, including area code: 215-855-4300
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None
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(Former name or former address, if changed since last report)
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Item 5. Other Matters
On April 22, 1998, the Registrant was served with a Complaint by
Dentsply International, Inc. ("Dentsply") claiming infringement of a Dentsply
patent by the Registrant's manufacturing process to fabricate nickel titanium
endodontic (root canal) instruments.
The foregoing is a summary of the press release which is attached as
Exhibit A to this report and is incorporated herein by reference. The foregoing
description does not purport to be complete and is qualified in its entirety by
reference to Exhibit A.
SIGNATURE
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.
MOYCO TECHNOLOGIES, INC.
By: /s/ Marvin E. Sternberg
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Marvin E. Sternberg
President and Chief Executive Officer
and Chairman of the Board
Date: April 23, 1998
Page 2 of 2
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Exhibit A
Moyco Confident of Legal Position in Dentsply Patent Infringement Case
MONTGOMERYVILLE, Pa., April 23 /PRNewswire/ -- Moyco Technologies, Inc.
(Nasdaq: MOYCO), a Montgomeryville, PA manufacturer of professional dental
supplies and precision abrasives, announced that it has been served with a
lawsuit filed by Dentsply International, Inc. (Nasdaq: XRAY) alleging patent
infringement.
The lawsuit alleges Moyco has infringed a Dentsply patent covering a
specific manufacturing process to fabricate nickel titanium endodontic (root
canal) instruments. Moyco believes the lawsuit is totally without merit. Moyco
manufacturers nickel titanium instruments under its own patented computer
controlled process.
Moyco plans to present a strong defense and is considering various
counterclaims against Dentsply.
Vice President and General Counsel for Moyco, Joseph Sternberg, stated,
"We have reviewed the Dentsply lawsuit and the subsequent news release issued by
the Plaintiff. In our view, Dentsply has filed this suit in attempt to
intimidate a small competitor in the nickel titanium endodontic instrument
market. Moyco Union Broach instruments are manufactured via a different process
which is covered by two patents filed several years prior to the patent in suit.
We have successfully defended our endodontic patents against infringement and
will continue to protect, defend and enforce our intellectual properties."
Sternberg further commented, "Our instruments have earned an excellent
reputation for quality in this industry. We look forward to the opportunity to
confirm that Moyco owns various intellectual assets, including both patents and
trade secrets, which we believe will allow us to continue to manufacture and
market exceptional patented and proprietary nickel titanium endodontic
instruments. We truly appreciate the outstanding support of our customers who
have driven the demand for our endodontic instrument product line to record
levels."
Moyco plans to file responsive legal pleadings in the near future. At
that time, further information concerning the Moyco position should be
available.
SOURCE Moyco Technologies, Inc.
-0- 04/23/98
/CONTACT: Joseph Sternberg of Moyco Technologies, 215-855-4388/
/Web site: http://www.moycotech.com/~moyco/
{MOYC XRAY}
CO: Moyco Technologies, Inc.; Dentsply International, Inc.
ST: Pennsylvania
IN: CPR MTC
SU:
