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): March 3, 1999
SALIENT 3 COMMUNICATIONS, INC.
(Exact name of registrant as specified in its charter)
Delaware 0-12588 23-2280922
(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation or organizational) File Number) Identification No.)
P. O. BOX 1498, READING, PENNSYLVANIA 19603
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (610) 856-5500
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Item 5. Other Events.
On February 23, 1999, SAFCO Technologies, Inc. a Salient 3
Communications company (NASDAQ/NMS: STCIA), announced that it would
acquire ComOpt AB, a world leader in Automatic Frequency Planning and
specialists in automated decision support for wireless operators. ComOpt will
operate as a subsidiary of SAFCO, establishing a Center of Excellence in Sweden
for GSM implementations of SAFCO's extensive range of network planning, analysis
and measurement products. The agreement was signed February 22, 1999.
ComOpt's success is built on CellOpt(TM) - a product that helps network
operators optimize the use of their frequency spectrum and network hardware,
improving the capacity and quality of the network. ComOpt has successfully
deployed CellOpt(TM) in seventeen of the world's leading operators and has an
an expanding list of development partners. The company plans to establish a new
standard in frequency planning and decision support with its release of a
Java-based product.
Commenting on the acquisition, Joachim Samuelsson, managing director of ComOpt
said, "This is a fantastic opportunity for us to build upon our world-leading
position in automatic frequency planning software, fully integrating CellOpt(TM)
with prediction, measurement and network analysis tools from SAFCO. We are also
particularly pleased to be representing SAFCO as their primary European office."
"We are committed to products and tools that enhance the performance of wireless
networks. We are similarly committed to a strong presence in the GSM and
European communications market," said Marty Singer, president and CEO of SAFCO.
"Establishing ComOpt and automated frequency planning as part of our business is
consistent with those commitments. We are very pleased that ComOpt has become
part of the SAFCO family."
SAFCO acquired ComOpt for approximately $4 million and certain additional
performance incentives. The transaction is expected to be neutral with respect
to Salient 3's 1999 earnings per share.
SAFCO, with its European sales office in Oxon, England, supplies consulting
and benchmarking services, test and measurement equipment, voice quality
measurement systems, and various software tools into the European wireless
market. SAFCO was the first company to deliver a dual-band (GSM900 and DCS1800)
test and measurement device and has recently set a new standard for portable
voice quality systems.
ComOpt is a world leader in Automatic Frequency Planning for mobile network
operators. The software on which the Company's notable success is built is
called CellOpt(TM). ComOpt's strength is in its ability to create sophisticated
optimization applications, providing superior decision support for cell
planners. For more information, please visit the ComOpt website at
http://www.comopt.com.
SAFCO Technologies, Inc. is a leading international supplier of wireless
measurement, analysis, and prediction tools. With its world-class network
design and system engineering team, SAFCO is a one-stop source for products
and services that benchmark and improve network performance. For more
information, please visit SAFCO's web site at http://www.safco.com.
Salient 3 Communications, Inc. is a leading telecommunications equipment and
services company, with subsidiaries that support public, private, and wireless
network operators. Learn more about Salient 3 Communications at
http://www.salient3.com.
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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.
SALIENT 3 COMMUNICATIONS, INC.
Date: March 3, 1999
/s/Paul H. Snyder
Paul H. Snyder
Senior Vice President and
Chief Financial Officer
