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SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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): June 28, 1996
LITHIUM TECHNOLOGY CORPORATION
(Exact Name of Small Business Issuer as Specified in Its Charter)
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Delaware 1-10446 13-3411148
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State or Other Jurisdiction of Commission IRS Employer
Incorporation or Organization File Number Identification No.
5115 Campus Drive, Plymouth Meeting, PA 19462
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Address of Principal Executive Offices Zip Code
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Registrant's telephone number, including area code: (610) 940-6090
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Former name or former address, if changed since last report
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Item 5. Other Events.
Public Announcement of Settlement of Lawsuit. Lithium Technology
Corporation (the "Company") announced the settlement of the lawsuit between the
Company and Matthew Stuart & Co., Inc. and Robert Pfeffer. Details are more
fully described in the attached press release.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
LITHIUM TECHNOLOGY CORPORATION
By: /s/ SUSAN M. GUSTAFSON
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Susan M. Gustafson
Vice President and Corporate Secretary
Date: June 28, 1996
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NEWS RELEASE
FOR IMMEDIATE RELEASE
LITHIUM TECHNOLOGY CORPORATION
ANNOUNCES SETTLEMENT OF LAWSUIT
PLYMOUTH MEETING, PENNSYLVANIA, JUNE 28, 1996 -- Lithium Technology Corporation
(OTC Bulletin Board: LITH) today announced the settlement of the lawsuit
between the Company and Matthew Stuart & Co., Inc. and Robert Pfeffer. The
litigation had been pending since February 1996 in the United States District
Court in Manhattan.
Matthew Stuart & Co., Inc. was seeking warrants to acquire 4.5% of the
Company's outstanding common stock on a fully diluted basis, and under the
Settlement Agreement was granted warrants to acquire 3.8% of the Company's
outstanding common stock. According to the terms of the Agreement, details of
the settlement are to remain confidential between the parties.
Thomas R. Thomsen, Chairman and Chief Executive Officer of the Company,
commented, "We are pleased to have resolved this dispute with Matthew Stuart
and Robert Pfeffer so that we can focus all of our energy and resources on
further technology and product development and on raising new capital for the
Company's continuing growth."
Lithium Technology Corporation is developing a new generation of solid state
rechargeable batteries for portable electronics devices. The Company's
patented and proprietary technology uses high-performance fibers in composite
battery structures and web handling methods for manufacturing.
CONTACT: Shareholder Relations
Lithium Technology Corporation
(610) 940-6090 Ext. 109
