SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
_____________
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
______________
Date of Report: January 21, 1998
(Date of earliest event reported)
DETECTION SYSTEMS, INC.
(Exact Name of Registrant as Specified in Charter)
New York State 0-8125 27-069690
(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
130 Perinton Parkway, Fairport, New York 14450
(Address of Principal Executive Offices)
(716) 223-4060
(Registrant's telephone number, including area code)
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Item 9. Sales of Equity Securities Pursuant to Regulation S.
On January 21, 1998, the registrant delivered $2.8 million
(USD) in cash and 186,667 shares of its common stock to Meinrad
Joseph Formosa, Lot 25 Glenfern Close, West Pennant Hills, NSW
Australia and John Herbert Chappell, 24 Wavell Avenue,
Caloundra QLD Australia as the acquisition purchase price for
all the outstanding stock of Electronics Design & Manufacturing
Pty Limited. The stock was unregistered and valued at
approximately $2.3 million (USD).
The exemption from registration of the shares under the
Securities Act of 1933 is based on Section 4(2) and Regulation
S thereunder. The sale was made to the two shareholders of the
Australian corporation which the registrant acquired in the
transaction, the acquisition agreement restricts transfer of
the shares of common stock delivered by the registrant other
than in compliance with the U.S. securities laws and the
certificates representing such shares are legended to reflect
this restriction.
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act
of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.
DETECTION SYSTEMS, INC.
By: /s/ Frank J. Ryan
Frank J. Ryan
Vice President, Secretary, Treasurer
Dated: February 2, 1998
