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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 earlest event reported): January 31, 1997
AEIRE Corp.
(Exact name of registrant as specified in its charter)
Massachusetts 04-2156392
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
40 WASHINGTON STREET, WESTBOROUGH, MASSACHUSETTS 01581
(Address of principal executive offices)
Registrant's telephone number, including area code 508/366-8851
Alden Electronics, Inc.
___________________________________________________________
Former name, former address and former fiscal year, if changed since last
report.
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ITEM 2 -- DISPOSITION OF ASSETS
On January 31, 1997, AEIRE Corp. f/k/a Alden Electronics, Inc.(the "Company"),
pursuant to an Asset Purchase Agreement of December 19, 1996, sold all of its
operating assets, consisting of its meteorological and imaging operations, to
a company affiliated with Platinum Equity Holdings, an investment company. The
purchase price included a cash payment of $125,000, a promissory note in the
principal amount of $125,000 and the assumption of obligations related to the
assets and operations acquired. The Company will continue to own its real
property located in Westborough, Massachusetts.
As part of the transaction described above, the Company changed its name from
Alden Electronics, Inc. to AERIE Corp.
ITEM 7 -- FINANCIAL STATEMENTS AND EXHIBITS
A listing of Exhibits filed as part of this Form 8-K is included on page 4
hereof.
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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.
ALDEN ELECTRONICS, INC.
Date: February 14, 1997
By:/s/ Robert J. Wentworth
______________________
Robert J. Wentworth
President and Treasurer
(Principal Financial Officer)
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LIST AND INDEX OF EXHIBITS
Item Incorporated by
Numbers Description Reference to
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10 Asset Purchase Agreement Form 8-K filed
dated December 19, 1996. January 9, 1997
