SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
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FORM 8 - K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
October 8, 1999
(Date of Report)
DBS INDUSTRIES, INC.
(Exact name of registrant as specified in its charter)
STATE OF DELAWARE 0-28348 84-1124675
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
100 Shoreline Highway, Suite 190A, Mill Valley, California 94941
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (415) 380-8055
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Item 5. Other Events
On October 8, 1999, the Company signed a contract with Alcatel Space
Industries of Toulouse, France, for the final design, construction, and delivery
to the launch site of the Company's constellation of six LEO satellites, using
Surrey Satellite Technology Limited, of Guildford-Surrey, United Kingdom, as a
subcontractor, and for the final design, construction and delivery of the ground
infrastructure, including the gateway earth station, mission center, satellite
control center, ground communications network, and the ground based transceivers
to be installed into fixed assets like electric utility meters.
Item 7. Financial Statements and Exhibits.
Exhibit 99 - Press Release, dated October 8, 1999.
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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 hereunto duly authorized.
Dated: October 18, 1999
DBS INDUSTRIES, INC.
By: /S/ FRED W. THOMPSON
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Fred W. Thompson,
President
DBS Industries, Inc. Signs $90 Million Prime Contract with Alcatel Space
Industries for "Little LEO" Satellite System Mill Valley, October 11, 1999 --
DBS Industries, Inc. (OTC BB: DBSS) and Alcatel Space Industries announced today
they have signed a US$90 million contract for Alcatel Space to serve as prime
contractor for DBSI's six-satellite, low-earth-orbit (LEO) data communications
system. Upon coming into effect of the contract, Alcatel Space will participate
in the project by making an investment of US$5 million in DBSI Industries, Inc.
Under the end-to-end system contract, Alcatel Space is responsible for all
elements of the system, including satellites, space segment control system, the
ground communications network, the communication center, and the user terminal
development. The contract calls for the initial launch of three DBSI satellites
in August, 2001, with another launch of three satellites the following December.
Alcatel Space will provide overall project management and be responsible for the
system up to the launch of the satellites. Ground-based data terminals, which
will transmit information incorporating Code Division Multiple Access (CDMA)
modulation technology, will also be designed under the Alcatel Space contract.
The DBSI/Alcatel Space Partnership
"This partnership with Alcatel Space, one of the world's foremost space systems
manufacturers, will enable DBSI to deliver on its promise to shareholders and
potential customers of a low-cost, sharply focused data communications system
that meets a critical business need," said Fred W. Thompson, DBSI's chief
executive officer. Thompson praised Alcatel Space for the diligence with which
the Company negotiated the contract. "We both knew we were planning something
that has never been done before, and Alcatel Space approached the challenge with
imagination and perseverance," Thompson said. "I am confident that we have a
partnership that will result in a world-class system that will make history in
satellite-based data communications." Alcatel Space Chief Operating Officer
Benoit Tellier stated that, "The concept is a robust one, and these past months
have enabled Alcatel Space and DBSI to align system specifications and
performances with the requirements of the different market segments targeted by
DBSI. To succeed, the project needed a systems prime contractor, and Alcatel
Space is pleased to contribute its substantial expertise in that role."
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Low-Cost Business Communications
The DBSI system, called E-SAT, will provide communications to and from metering
and related devices located in remote locations around the world. Data will be
broadcast from tiny transmitters to the E-SAT satellites and downloaded to Earth
stations, which will relay information in a customized format to businesses.
Potential applications include remote utility meters, propane tanks, vending
machines and environmental monitoring devices. Under an FCC license granted to
E-SAT April 1998, the system is limited initially to communicating with devices
in the U.S., but DBSI plans to secure rights to transmit from foreign countries
as well.
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Alcatel Space, space systems prime contractor, is a subsidiary of Alcatel (51%)
and Thomson-CSF (49%). Alcatel Space designs, develops, and manufactures all
types of satellites: for communications, navigation, Earth observation,
environment, sciences and meteorology. Alcatel Space employs 5650 people and had
a 1998 turnover of 10.4 billion French francs (1.6 billion Euros). For more
information, look for Alcatel Space on the Alcatel web site:
http://www.alcatel.com .
DBSI is a development stage company dedicated exclusively to providing low-cost
data messaging services to businesses around the world. It plans to concentrate
on the hard-to-access sector of the Automated Meter Reading (AMR) market, which
has been estimated to include more than 130 million units worldwide. Additional
information about the company can be found on its web site:
http://www.dbsindustries.com
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This press release contains forward looking-statements. These statement are
subject to certain risks and uncertainties that could cause actual results to
differ materially from those anticipated in a forward looking statement. Factors
that might cause such a difference include, but are not limited to, the
availability of project financing for the LEO satellite system on terms and
conditions favorable to DBSI and other factors set forth in the company's
documents filed with the Securities and Exchange Commission.
