<PAGE> 1
FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported)
MAY 8, 1998
ReDOX TECHNOLOGY CORPORATION
(Formerly DCUSA Corporation)
(Exact name of registrant as specified in its charter)
Delaware 33-22142 55-0681106
-------- -------- ----------
(State of Jurisdiction of (File Number) (Federal Identification
incorporation or organization) Number)
340 North Sam Houston Parkway East, Suite #250
Houston, Texas 77060
---------------------
(Address of principal Executive Offices and principal place of business)
(281) 445-0020
(Registrant's telephone number, including area code)
<PAGE> 2
ITEMS REPORTED
ITEM 5. OTHER EVENTS
A press release regarding the status of preliminary funding was sent
by facsimile transmission to various businesses and general news wire
services (4/17/98).
A press release regarding the announcement of a senior vice-president,
R&D, joining ReDOX Technology Corporation, was sent by facsimile
transmission to various businesses and general news wire services
(4/27/98).
(See Exhibit 99.1)
ITEM 7. FINANCIALS AND EXHIBITS
(C) Exhibits
99.1 Press Release from REDOX Technology Corporation (4/17/98).
99.2 Press Release from REDOX Technology Corporation (4/27/98).
<PAGE> 3
SIGNATURES
Pursuant of the requirements of the Securities Act of 1934, as amended, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
ReDOX TECHNOLOGY CORPORATION
(Registrant)
DATE: May 8, 1998 By: /s/ RICHARD A. SZYMANSKI
----------------- -----------------------------------
Richard A. Szymanski
President/Director
<PAGE> 4
INDEX TO EXHIBITS
<TABLE>
<CAPTION>
Exhibit Number Description
-------------- -----------
<S> <C>
99.1 Press Release from REDOX Technology Corporation.
99.2 Press Release from REDOX Technology Corporation.
</TABLE>
<PAGE> 1
EXHIBIT 99.1
============================================
ReDOX TECHNOLOGY CORPORATION
340 North Sam Houston Parkway East #250 PRESS
Houston, TX 77060 RELEASE
TEL: 281-445-0020 FAX: 281-445-0022
============================================
APRIL 17, 1998
================================================================================
ReDOX RECEIVES INFORMATION
ON ANTICIPATED FUNDING
APRIL 17, 1998
HOUSTON, TX - ReDOX Technology Corporation (OTCBB-RDOX) - In a facsimile dated
April 15, 1998 and received at the Company's headquarters after business hours
yesterday afternoon, ReDOX Technology Corporation was given news by its funding
group on the much anticipated, but still undelivered, first round of capital to
be provided to ReDOX. The facsimile to ReDOX states in full:
RE: ReDOX Funding
"We apologize for the delay in closing the above reference transaction. Due
to the world economic conditions, there have been some delays that were
beyond our control. Although many of the problems still remain, we are
working around them, and plan to close the first part within the next
thirty days."
ReDOX Technology Corporation President Richard A. Szymanski was quoted as
saying, "We have remained confident at all times that this funding would come,
and the delays we encountered are not unprecedented, nor particularly unusual
in situations involving complex, international financing arrangements. We must
all keep our sights on the goal, which is to establish a long-term, viable
corporation offering the best high-energy density storage technology for the
next century. It is by staying the course we have set that we will properly
carry out our duty to enhance shareholder value and make a worthy contribution
to the generations to come."
Szymanski went on to further describe aspects of the company's technology.
"Many labs are looking hard for a new kind of battery. ReDOX Technology may
have what everyone's been looking for. Continued expansion of the market for
portable computers, cellular telephones, rechargeable tools and appliances -
and any viability at all for electric vehicles - all depend on development of
smaller, lighter batteries with higher storage density."
"Early prototypes indicate a potentially much higher energy density than
advanced lead-acid batteries and other batteries under development. Aqueous
aluminum-sulfur batteries function at room temperature, avoiding the
complicated insulation required for sodium-sulfur batteries. Unlike
nickel-cadmium and nickel metal hydride batteries, the materials are
inexpensive and readily available - and are easily recyclable and pose no
environmental hazard."
"Ordinarily, room-temperature sulfur, an insulator, would not be of any use in
batteries. But interfacing sulfur with an aqueous, sulfur-saturated polysulfide
solution converts it from an insulator to a conductor. The prototype battery
containing a solid sulfur cathode, polysulfide interface, and aluminum anode,
generates 1.3 V and has an energy density of as much as 220 W h/kg. This is
several times higher than the energy density of existing lead-acid batteries.
The sulfur-aluminum battery would last more than twice as long as a conventional
alkaline battery. The solid sulfur cathode developed ("heart of the
technology") has a capacity of more than 900 A h/kg - more than 90% of the
theoretical storage capacity of solid sulfur at room temperature it is accessed
through a lightweight, highly conductive, aqueous polysulfide interface
through an electrocatalyzed reaction directly reducing elemental sulfur at room
temperature."
"ReDOX Technology is exploring ideas they have for improving performance
further, for specific applications, before moving into development of a
commercial product for those companies we currently have confidentiality
agreements with."
ReDOX Technology Corporation common stock trades on the Over-the-Counter
Electronic Bulletin Board Service (OTCBB) of the NASD under the symbol RDOX.
-30-
<PAGE> 1
EXHIBIT 99.2
=======================================
ReDOX TECHNOLOGY CORPORATION
340 NORTH SAM HOUSTON PARKWAY EAST #250 PRESS
HOUSTON, TX 77060 RELEASE
TEL: 281-445-0020 FAX: 281-445-0022
=======================================
APRIL 27, 1998
===============================================================================
BATTERY VETERAN DR. ROBERT MURPHY JOINS REDOX
AS SENIOR VICE-PRESIDENT OF R&D
April 27, 1998
HOUSTON, TX - ReDOX Technology Corporation (OTCBB-RDOX) - Dr. Robert M. Murphy,
a recognized authority on chemical thermodynamics, surface chemistry,
electrochemical processes, solid electrolyte systems and high energy density
battery systems, has jointed ReDOX Technology Corporation of Houston as Senior
Vice-President of Research and Development. As an industry veteran with more
than 21 years of technology experience, Dr. Murphy has a distinguished
background that includes a history of successful leadership. Dr. Murphy will
have operating responsibility for the corporate technology and will facilitate
coordination of technology development across the corporation.
"We are extremely pleased to have a person of Dr. Murphy's competence and
stature in the scientific community to head the development of applications
arising from our technology, and to continue improving our patents," said ReDOX
President Richard A. Szymanski.
Prior to joining ReDOX, Dr. Murphy headed Advanced Battery Group (ABG), a
consultancy to U.S. Government, U.S. military and defense contractors, which
conceived and developed power source sections of major defense projects. ABG
also established and published guidelines for safe and efficient use of battery
systems in the commercial sector.
Prior to ABG, Dr. Murphy was a partner in Ominion Incorporated, also engaged in
battery technology consultancy. Previous to that, Dr. Murphy conceived,
invented and developed new high-energy density/high-power density lithium
battery systems while at Electrochem Industries, Inc., and Wilson Greatbatch,
Ltd.
Dr. Murphy also has conducted battery research at Rensselaer Polytechnic
Institute. He is a member of American Chemical Society, Electrochemical Society
and Society of Sigma XI, the holder of multiple battery patents and the author
of dozens of published scientific articles.
"We look forward to Dr. Murphy immersing himself in the applications projects
that are lining up for development," Szymanski said. "Many labs are looking
hard for a new kind of battery. ReDOX Technology may have what everyone's been
looking for. Continued expansion of the market for portable computers,
cellular telephones, rechargeable tools and appliances - and any viability at
all for electric vehicles - all depend on development of smaller, lighter
batteries with higher storage density. That, in an environmentally friendly and
recyclable battery, is what ReDOX offers. Now with Dr. Murphy on board, we will
offer it in configurations to fit almost any application."
-30-
