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 5, 1996
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Adage, Inc.
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(Exact name of registrant as specified in its charter)
Pennsylvania 33-31797 04-2225121
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400 Willowbrook Lane, West Chester, Pa 19382
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Registrant's telephone number, including area code 610-430-3900
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(Former name or former address, if changed since last report.)
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ITEM 5 - OTHER EVENTS
THE REGISTRANT ISSUED A PRESS RELEASE DATED NOVEMBER 5, 1996 ANNOUNCING THE
INTRODUCTION OF A NEW LINE OF MULTI-BAND PROGRAMMABLE RADIO SCANNERS. THE PRESS
RELEASE IS APPENDED AS EXHIBIT 1.
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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
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Robert T. Holland
Vice President - Finance
Date: September 5, 1996
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EXHIBIT 1
Summary: Adage, Inc. introduces
a new line of multi-band
programmable scanners
Company Contact: Donald F.U. Goebert
Chairman & President
Adage, Inc.
(610) 430-3900
FOR IMMEDIATE RELEASE:
WEST CHESTER, PENNSYLVANIA, NOVEMBER 5, 1996 .... ADAGE, INC. (NASDAQ-ADGE),
today announced the introduction of a new line of multi-band programmable radio
scanners by Relm Communications, the Company's wireless communications equipment
subsidiary.
The US market for radio scanners was approximately $125 million in
1994, according to a study carried out by industrial Market Research, Inc. of
Claridon Hills, IL. Multi-band radio scanners allow users to monitor a number of
different radio frequency bands at the same time. Although they are also
purchased by individuals who have an interest in monitoring radio
communications, the primary market is to public safety personnel who have a need
to monitor radio transmissions so as to be aware of emergency situations as they
develop.
Relm Communications originally developed the basic radio scanner
technology and held a strong position in the radio scanner market through the
mid-1980s, under the name Regency Electronics. However, in 1988 it sold the
rights to this technology to Uniden Corp., a Japanese corporation, including a
non-compete agreement for the US market. As a result, Uniden became the supplier
for the entire domestic scanner market, under its own brand name and as a
supplier of private label scanners.
As that non-compete agreement has now expired, Relm is once again
entering this market, initially introducing two handheld scanners, the HS 100
and the HS 200. The HS 100 scanner has 100 channels and 10 banks, covering 12
bands, including aircraft and government. The HS 200 has 200 channels and 10
banks, covers 13 bands, including 800 MHz, and includes advanced features.
Relm already has a strong position in the public safety market. The
Company specializes in the compact yet highly sophisticated wireless
communications equipment required in the tough operating environments
encountered by police, firefighters and the military. Its brand name is well
known in this market and is recognized for quality. The necessary channels of
distribution are already in place. To gain additional competitive strength, the
Relm products will offer as standard a range of features which competition only
offers as options at additional cost. According to John Biljan, Vice President
of Sales and Marketing for Relm, "The new line will offer users a high-end
professional scanner from a Company with a rich history, not only in the
wireless communications industry, but also in the scanner industry."
Adage, Inc. is a producer of wireless communications equipment and
electronics products, and also has interests in paperboard manufacturing.
