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 - March 19, 1996
(Date of earliest event reported)
UNIQUE MOBILITY, INC.
(Exact name of registrant as specified in charter)
COLORADO
(State or other jurisdiction of Incorporation)
0-9146 84-0579156
(Commission File Number) (I.R.S. Employer Identification No.)
425 Corporate Circle, Golden, Colorado 80401
(Address of principal executive offices) (Zip Code)
Registrant's telephone number,including area code: (303) 278-2002
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UNIQUE MOBILITY, INC.
FORM 8-K
ITEM OF INFORMATION
Item 5. Other Events
The Company has entered into a Cooperation Agreement with Northrop Grumman
Corporation (NYSE:NOC) to join forces as a major supplier of electric and
hybrid power systems to the automotive industry. The goal of the cooperative
agreement is to pursue manufacturing and potential joint development of electric
motors and other electric vehicle propulsion products.
In connection with the "safe harbor" provisions of the Private Securities
Litigation Reform Act of 1995, Unique Mobility, Inc. ("Unique" or the "Company")
is hereby filing cautionary statements identifying important factors that could
cause the Company's actual results to differ materially from those projected in
forward-looking statements of the Company made by or on behalf of the Company.
Unique's reports under the Securities Exchange Act of 1934 and its
registration statements under the Securities Act of 1933 contain forward looking
statements including statements concerning projections, plans, objectives,
future events or performance and underlying assumptions and other statements
that are other than statements of historical fact. Unique wishes to caution
readers that the following important factors, among other, may have affected and
could in the future affect Unique's actual results and could cause Unique's
actual results for subsequent periods to differ materially from those expresed
in any forward-looking statement made by or on behalf of Unique:
- -- Unique's dependence on a small number of key customers under contracts that
are terminable on short notice;
- -- Unique's history of operating losses;
- -- Unique's need for additional financing to implement its business plan;
- -- Unique's need to protect its proprietary technology;
- -- The status of various legislative mandates and regulations that are expected
to provide incentives for the production of vehicles using advanced electric
vehicle drive systems;
- -- The possibility that companies which possess significantly greater financial
and other resources than Unique, including established supply arrangements,
may develop, or may have already developed, products that compete with those
of Unique;
- -- The risk of uninsured product liability;
- -- Unique's limited experience in manufacturing processes and procedures for
electric motors and electronic components and in marketing and distributing
its products.
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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 thereunto duly authorized.
Unique Mobility, Inc.
(Registrant)
By: /s/ Donald A. French
Donald A. French
Treasurer and Controller
(Principal Financial and
Accounting Officer)
Date: March 19, 1996
