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SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
REPORT UNDER SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report: May 26, 1998
Commission File No. 0-4671
ISOMET CORPORATION
State of Incorporation: New Jersey
IRS Employer Identification No. 22-1591074
Address of Principal Executive Offices:
5263 Port Royal Road
Springfield, Virginia 22151
Registrant's Telephone Number: 703-321-8301
Common Shares Outstanding on April 30, 1998: 1,912,590
Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceeding 12 months (or for such shorter period that the registrant was
required to file such reports) and (2) has been subject to such filing
requirements for the past ninety (90) days.
X Yes No
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FORM 8-K
Item 5 - Other Events
On May 20, 1998 the Company issued a press release announcing that
the Company had entered into an agreement with Polaroid Graphics
Imaging, a division of Polaroid Corporation, under the terms of which
the Company will sell laser plotters to Polaroid. The foregoing
description of the press release is qualified in its entirety by
reference to the press release, which is filed as exhibit 99.1 to
this Form 8-K and incorporated herein by reference.
Item 7 - Financial Statements and Exhibits
The following exhibits are filed as part of this report and
incorporated herein by reference: 99.1 Press Release of Isomet
Corporation Dated May 20, 1998.
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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.
ISOMET CORPORATION
By: /s/ Jerry W. Rayburn Dated: May 26, 1998
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FOR IMMEDIATE RELEASE Exhibit 99.1
ISOMET TO PROVIDE COMPONENT OF
POLAROID POLAPROOF DIGITAL PROOFING SYSTEM
Springfield, Virginia - May 20, 1998 - Isomet Corporation today announced
that it has been selected by Polaroid Graphics Imaging, a division of Polaroid
Corporation, for the continued manufacture of the laser plotter component of the
new Polaroid PolaProof Halftone Digital Proofing System used in high quality
proofing applications by the graphic arts industry.
Under the terms of the contract signed by the two companies, Isomet will
deliver laser plotters to Polaroid Graphics Imaging for installation in the
Polaroid PoloProof systems manufactured over a period covering approximately 15
months. The award-winning Polaroid Fiber Laser, the first high-powered fiber
optic laser that images onto graphic arts imaging materials with a 10-micron dot
that matches the resolution of a printing press, is incorporated in the Polaroid
PolaProof Halftone Digital Proofing System.
While the total dollar value of the contract was not disclosed, the Company
notes that based on the anticipated accelerating demand for the Polaroid
PolaProof digital proofing system introduced last year, Polaroid Graphics
Imaging is expected to continue as a significant revenue source for Isomet,
which in 1997 reported revenues of $8.65 million.
This press release contains forward-looking statements that involve risks
and uncertainties. Actual results, events and performance could vary materially
from those contemplated by these forward-looking statements. Among the factors
that could cause actual results, events and performance to differ materially are
risks and uncertainties discussed in the Company's annual report on Form 10-KSB
for the year ended December 31, 1997.
Company Contact: Jerry W. Rayburn
Executive Vice President, Finance
(703) 321-8301
...dated May 20, 1998
"Polaroid" and "PolaProof" are trademarks of Polaroid Corporation, Cambridge, MA
