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): OCTOBER 12, 1999
Commission File Number: 0-17020
SENSAR CORPORATION
----------------------------------------------------
(Exact Name of Registrant as Specified in its Charter)
NEVADA 87-0429944
------------------------------- ------------------
(State or other jurisdiction of (IRS Employer
incorporation or organization) Identification No.)
50 WEST BROADWAY, SUITE 501
SALT LAKE CITY, UTAH 84101
------------------------------- ----------
(Address of Principal Executive (Zip Code)
Offices)
Registrant's Telephone Number, Including Area Code:
(801) 350-0587
--------------
N/A
----------------------------------------------------------------------
(Former name, former address, and formal fiscal year, if changed since
last report)
<PAGE>
ITEM 5. OTHER EVENTS
Sensar Corporation issued the following press release on October 12, 1999.
Salt Lake City, UT, October 12, 1999 - Sensar Corporation (Nasdaq symbol
"SCII") announced today that ITES has entered into a development agreement with
the Israeli affiliate of Orange PLC known as Partner ("Orange"). The Orange
group has annual worldwide revenues of approximately $2 billion. For more
information concerning Orange, see www.plc.orange.net.
ITES is to provide Orange with enabling technology allowing for real time
and inventory feed broadcast multimedia to cellular phones or PDAs on demand.
The agreement calls for installation of the equipment and enabling technology
for the Israeli subsidiary by December 31, 1999. Thereafter, Orange will test
the process in the first quarter of 2000 with a full rollout plan for later in
the year. As part of the agreement, Orange was given an option to purchase up
to 10% of the outstanding stock for a period of one (1) year.
All ITES technology is fully WAP (wireless application protocol)
compatible. However, the ITES technology is not reliant on the WAP prepared
media. For a more complete discussion of WAP technology, see the Wall Street
Journal article of October 11, 1999.
"Orange is one of the most innovative wireless carriers in the world, being
at the forefront of developing and applying technologies for the transmission of
multimedia to the portable device. This will be ITES' first of hopefully a
number of strategic partnerships," stated Sensar Chairman and CEO Howard S.
Landa.
ITES has built IM (instant messaging) Suite Servers which will provide
instant messaging technology allowing wireless subscribers to receive and send
messages regardless of the user's on-or off-line position on the wireless
network or the Internet. The IM Suite Server is designed to work with a variety
of platforms including GSM, CDMA, CDPD and TDMA, seamlessly linking wireless
users between each other and between users on the Internet. The IM Suite Server
also offers wireless service providers a complete solution to enable their
subscribers to access Internet ICQ users and vice versa.
As previously announced, Sensar and ITES have entered into an agreement for
Sensar to acquire ITES as a wholly-owned subsidiary, subject to shareholder
approval and the satisfaction of regulatory and contractual conditions.
A conference call is scheduled for 4:30 PM ET today, Tuesday, October 12.
The number to call is (888) 550-5969, reference the Sensar Corporation
Conference Call. Interested parties who are unable to participate at the
scheduled time can access the recorded call for 72 hours following the
conference call (allowing 4 hours after the completion of the conference call)
by dialing (800) 723-0607.
This press release contains certain forward-looking statements concerning
the activities of Sensar's possible acquisition, ITES. The above statements are
not meant to be predictions of the future and are subject to a number of
conditions and uncertainties. For a discussion of the contingencies and
uncertainties to which the information concerning future events is subject,
please refer to the Company's report on Form 10-K for December 31, 1998, and
other SEC reports.
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange of 1934, as amended, the Registrant has duly caused this report to be
signed on its behalf by the undersigned, thereunto duly authorized.
Dated: October 12, 1999 SENSAR CORPORATION
By: /s/ Howard S. Landa
Chairman of the Board (Chief
Executive Officer and Principal
Financial and Accounting Officer)
