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 May 22, 1995
(Date of earliest event reported) May 17, 1995
AUGAT INC.
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(Exact name of registrant as specified in its charter)
Massachusetts
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(State or other Jurisdiction of incorporation)
1-6176 04-2022285
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(Commission File Number) (IRS Employer Identification No.)
89 Forbes Boulevard
P.O. Box 448
Mansfield, Massachusetts 02048
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code
(508) 543-4300
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Item 5 - Other Events
On May 17, 1995, the Registrant announced the
acquisition of Photon Systems Corp., a leading provider of fiber
optic communications systems. Financial terms of the agreement
were not disclosed. Enclosed as Exhibit 1 is a copy of the news
release covering the above item.
Item 7 - Financial Statements and Exhibits
(a) Financial Statements - None
(b) Exhibit 1 - The Registrant's news release dated
May 17, 1995.
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 thereto duly authorized.
Augat Inc.
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(Registrant)
By: Ellen B. Richstone
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Ellen B. Richstone
Vice President and
Chief Financial Officer
Date: May 22, 1995
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Exhibit 1
FOR IMMEDIATE RELEASE
Contact:
Ellen B. Richstone James R. Buckley
Chief Financial Officer Account Specialist
Augat Inc. Sharon Merrill Associates, Inc.
508/543-4300 617/262-1800
AUGAT INC. ANNOUNCES ACQUISITION OF PHOTON SYSTEMS
Leading fiber optic transmission systems company
will strengthen Augat's communications business
MANSFIELD, Mass., May 17, 1995 - Augat Inc. (NYSE: AUG)
today announced that it has acquired Photon Systems Corp., a
leading provider of fiber optic communications systems.
Financial terms of the agreement were not disclosed.
Photon Systems Corp. designs and manufactures systems that
enable telecommunications and cable television companies to
distribute signals over fiber optic networks. The company's
products allow system operators to maintain the quality of their
signals over longer distances than those permitted by traditional
transmission equipment.
William R. Fenoglio, Augat's President and Chief Executive
Officer said, "The acquisition of Photon Systems Corp. supports
our strategy to expand our position in the worldwide
telecommunications and cable television markets. The addition of
Photon's powerful technology will complement our existing
communications products and allow us to offer a more complete
system solution to today's multiple system operators (MSOs) and
regional bell operating companies (RBOCs).
"Strategically, Photon is a good match for Augat. Photon
provides us with strength in two important areas in
telecommunications and cable television systems -- laser
transmitters and optical nodes," said Fenoglio.
"Photon is on the cutting edge of fiber optic technology,"
continued Fenoglio. "Photon is recognized as a leader in 1550-
nanometer wavelength signal transmission -- the most advanced
communication system in the industry, capable of carrying video,
voice and digital signals over long distances.
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"Through its high quality equipment and strong application
engineering, Photon has shown an ability to tailor its products
to match the evolving needs of its customers," Fenoglio
concluded. "Although Photon Systems Corp. is a small company,
located in British Columbia, Canada, its products are on the
critical path of high-performance, hybrid fiber-coaxial cable
systems. We are excited about the prospects for this acquisition
and anticipate the growing demand for Photon's products to
continue to be very robust over the next several years."
One of the largest manufacturers of connector products in
the world, Augat Inc. is pursuing a strategy for growth in
communications, automotive, computer and industrial markets
through customer partnerships, new-product introductions,
strategic acquisitions and ongoing productivity measures.
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