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UNITED STATES
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) July 31, 2000
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ODETICS, INC.
(Exact name of Registrant as specified in its charter)
Delaware 000-10605 95-258849
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No)
1515 South Manchester Avenue, Anaheim, California 92802
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (714) 774-5000
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Not Applicable
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(Former name or former address, if changed since last report)
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Items 1 through 4, 6 and 8 are not applicable.
Item 5 Other Events.
On July 31, 2000, Iteris, Inc., a subsidiary of Odetics, Inc., reached
an agreement with Ford Motor Company to become the exclusive supplier of the
optical lane departure warning systems to be installed on future Ford, Lincoln
and Mercury badged vehicles produced and sold in the United States.
Under terms of the agreement, Ford will receive warrants to purchase
up to approximately 9.9% of Iteris common stock if Ford meets predetermined
AutoVue purchase volumes over the 6 year term of the agreement. The warrants
will not be fully exercisable until Ford purchases a number of units that
results in sales of approximately ninety million dollars over the life of the
agreement. However, Ford has no obligation to purchase AutoVue under the
agreement. Ford will not play a role in the management of Iteris.
Reference is made to the press release issued to the public by the
registrant on August 16, 2000, the text of which is attached hereto as Exhibit
99.1, for a description of the events reported pursuant to this Form 8-K.
Item 7 Financial Statements and Exhibits
(a) Financial Statements
Not Applicable
(b) Pro Forma Financial Information
Not Applicable
(c) Exhibits
Exhibit No. Description
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99.1 Press Release dated August 16, 2000.
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SIGNATURE
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.
ODETICS, INC.
Date: August 16, 2000 By: /s/ Gregory A. Miner
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Gregory A. Miner
Vice President, Chief Operating Officer
and Chief Financial Officer
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EXHIBIT INDEX
Exhibit No. Description
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99.1 Press Release dated August 16, 2000
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