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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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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): October 11, 1999
INTERNATIONAL REMOTE IMAGING SYSTEMS, INC.
(Exact Name of Registrant as Specified in Charter)
DELAWARE 1-9767 94-2579751
(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
9162 ETON AVENUE, CHATSWORTH, CALIFORNIA 91311
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (818) 709-1244
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Item 5. Other Events.
On October 11, 1999, the Registrant issued a press release announcing
that its arbitration with Digital Imaging Technologies, Inc., the former owner
of its Perceptive Scientific Instruments genetic analysis business, resulted in
an award to the Registrant of $132,500, a copy of which is attached as Exhibit
99 hereto and incorporated herein by reference.
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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 hereunto duly authorized.
INTERNATIONAL REMOTE IMAGING
SYSTEMS, INC.
Dated: October 15, 1999 By: /s/ MARTIN S. McDERMUT
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Martin S. McDermut
Vice President - Finance and
Administration, Chief Financial
Officer and Secretary
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Exhibit Index
No. Document
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99 Press Release dated October 11, 1999
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[IRIS GRAPHIC] NEWS RELEASE
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CONTACTS: MARTIN S. MCDERMUT, VP FINANCE & ADMINISTRATION, CFO
818-709-1244 OR
ROBERT FROST, ECOM CONSULTANTS
212-391-9475 FOR IMMEDIATE RELEASE
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IRIS awarded $132,500 by arbitration panel
CHATSWORTH, CA, October 11, 1999 -- International Remote Imaging
Systems, Inc. or IRIS, (AMEX: IRI), a leading manufacturer and worldwide
marketer of automated in vitro diagnostic (IVD) imaging systems used to enhance
productivity and improve outcomes in genetics, urinalysis and cytology,
announced today that its arbitration with Digital Imaging Technologies, Inc.
(DITI), the former owner of its Perceptive Scientific Instruments (PSI) genetic
analysis business, resulted in an award to IRIS of $132,500.
The arbitration was conducted under the auspices of the American
Arbitration Association. The arbitration panel found that while certain
representations, warranties and covenants in the purchase agreement for the
transaction had been breached by DITI, the panel found, for most part, these did
not result in damage to IRIS.
IRIS designs, develops, manufactures and markets IVD imaging systems
based on its patented and proprietary AIM technology for automating microscopic
procedures performed in hospital and reference clinical laboratories and
genetics laboratories, worldwide. Its major product lines are The Yellow IRIS(R)
family of urinalysis workstations, the PowerGene(TM) line of cytogenetic
analyzers and the StatSpin line of centrifugal specimen preparation devices.
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