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) July 18, 1996
QUADRAX CORPORATION
(Exact Name of Registrant as Specified in Charter)
Delaware 0-16052 05-0420158
(State or (Commission File Number) (IRS Employer
Other Jurisdiction Identification
of Incorporation) No.)
300 High Point Avenue, Portsmouth, RI 02871
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (401) 683-6600
Not Applicable
(Former Name or Former Address, If Changed Since Last Report)
ITEM 5. Other Events
On July 18, 1996, Registrant issued a press release
announcing that it had received an initial order from
Cannondale Corporation (NASDAQ - BIKE), the manufacturer of
high performance bicycles.
Quadrax will provide Cannondale with lightweight,
thermoplastic composite handlebars to be marketed under
their high-end "CODA" component division for after-market
sales and also for use on one line of Cannondale's high-end
mountain bikes. See the Company's press release attached as
Exhibit No. 99.1
(c) Exhibits.
Ex- 99.1 Company's press release dated July 18, 1996.
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.
Quadrax Corporation
July 30, 1996 /s/ James J. Palermo
(Date) James J. Palermo, Chairman
and Chief Executive Officer
July 30, 1996 /s/ Edward A. Stoltenberg
(Date) Edward A. Stoltenberg, Chief
Financial Officer and Principal
Accounting Officer
quadrax
Advanced Materials Systems
FOR IMMEDIATE RELEASE: July 18, 1996
CONTACT: Edward A. Stoltenberg, C.F.O., Quadrax Corporation,
tel. (401) 683-6600
Hal Levine/Marty Cohen, The Levine Group,
tel. (212) 682-8875
QUADRAX CORPORATION GETS INITIAL ORDER FROM CANNONDALE
PORTSMOUTH, RI--Quadrax Corporation (Nasdaq-Small Cap
Issues:QDRX) announced today that it received an initial
order from Cannondale Corporation (Nasdaq: BIKE), the
manufacturer of high performance bicycles.
Quadrax will provide Cannondale with lightweight,
thermoplastic composite handlebars to be marketed under
their high-end "CODA" component division for after-market
sales and also for use on one line of Cannondale's high-end
mountain bikes. The Quadrax composite handlebar is lighter
and stronger than traditional handlebars currently available
in the market.
Commenting on the order, Chairman of the Board, James J.
Palermo, said, "We are encouraged by Cannondale's decision
to use our handlebar. This supports our belief that Quadrax
thermoplastic composites will become a key component in high
performance sports equipment."
Scott Montgomery, Cannondale's Vice President of Marketing,
added, "We have been working with Quadrax and are very happy
to see orders begin to flow. We think this will lead to a
bright future together."
Quadrax Corporation produces thermoplastic composite
materials using its proprietary fabrication and
manufacturing processes for a wide range of high-performance
commercial and consumer products.
Note: Quadrax's latest news releases are available at no
charge by dialing 1-800-758-5804, ext. 728452, or at
http://www.prnewswire.com on the Internet.
Quadrax Corporation
300 High Point Avenue, Portsmouth, RI 02871
Tel: (401)683-6600 Fax: (401)683-6606
