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 30, 2000
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 Offices) (Zip Code)
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)
ITEM 5. OTHER EVENTS
Sensar Corporation issued the following press release on March 30, 2000.
Salt Lake City-March 30, 2000-Sensar Corporation (NASDAQ: SCII) announced today
that an agreement has been signed between Net2Wireless Corporation and Pelephone
Communications Ltd., the CDMA cellular carrier in Israel with over 1.2 million
subscribers (a joint venture between Motorola and Bezeq), for the field- testing
of the Net2Wireless Wireless Application Server ("WAS") platform. This
deployment follows the installation of the WAS server on Partner Communication's
GSM infrastructure in Israel, for which an agreement was signed recently
(Partner is part of the international Orange Group).
The Wireless Application Server offers dynamic bandwidth solutions, enabling
both circuit and packet switching technologies used in the cellular
infrastructure. The Net2Wireless WAS platform enables the digital cellular
operators to provide varied Internet services.
Nechemia Davidson, CEO of Net2Wireless said, "We are very excited with this
agreement. The recognition of our technology emphasizes our leadership on all
digital cellular systems. Value Added Services, such those provided by
Net2Wireless, will become a necessity for all cellular operators, worldwide."
Net2Wireless has developed a technology to enable digital cellular operators to
provide applications that would typically be provided through a 3G network,
using 2G existing infrastructure and mobile devices such as PDA's, smart mobile
phones and hand held computers, all these over one backbone. Net2Wireless
technology utilizes state-of-the-art digital content compression, advanced
pattern recognition technology and innovative streaming communication
technology, supporting scalable communications from 9600 bps and higher, using
ultra-low bandwidth. The system is scalable, modular and fully redundant.
The unique technology will allow the cellular operator to provide the following
revolutionary wireless Internet services: Wireless Content Transmission without
bandwidth and infrastructure limitations and Wireless Multimedia.
Additional information concerning Net2Wireless can be found at its website at
www.net2w.com.
This press release contains certain forward-looking statements concerning the
potential merger between Sensar and Net2Wireless, which is subject to a number
of conditions, including obtaining shareholder approval and the satisfaction of
other contractual conditions, that may or may not be met. In addition, it
contains forward looking statements about the potential products of Net2Wireless
which are still in the development stage and have not yet been tested in a
commercial setting. These products are subject to all the risks associated with
a new market introduction including technical feasibility, efficacy, market
acceptance, acceptable pricing structures, and broad based consumer demand. The
above statements are not meant to be predictions of the future and are subject
all of the uncertainties set forth above and many others that may develop in the
future. For a discussion of the contingencies and uncertainties to which the
information concerning future events is subject, please refer to Sensar's report
on Form 10-K for December 31, 1999, 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: March 31, 2000 SENSAR CORPORATION
By /s/ Howard S. Landa
Howard S. Landa, Chairman of the Board
(Chief Executive Officer and
Principal Financial and Accounting
Officer)
