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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
THE SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): August 28, 2000
(August 25, 2000)
PRECISION OPTICS CORPORATION, INC.
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(Exact name of registrant as specified in its charter)
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<S> <C> <C>
Massachusetts 001-10647 04-2795294
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(State or other jurisdiction of (Commission (I.R.S. Employer
of incorporation or organization) File Number) Identification No.)
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22 East Broadway, Gardner, Massachusetts 01440
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (978) 630-1800
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Item 5. Other Events.
On August 25, 2000, the Registrant issued the following press release announcing
the consummation of a lease for a new optical thin films technology center:
August 25, 2000
PRECISION OPTICS CORPORATION ANNOUNCES
CONSUMMATION OF LEASE FOR NEW OPTICAL THIN FILMS
TECHNOLOGY CENTER
GARDNER, MA--Precision Optics Corporation, Inc. (Nasdaq: POCI) announced today
that it has entered into a lease on approximately 37,000 square feet of
additional space for a new Optical Thin Films Technology Center. The facility,
located in Gardner, Massachusetts, will be used primarily for development and
manufacturing of optical thin films for telecommunications and other
applications. The lease provides for a renewal term and options on additional
space.
Operations in the new facility are anticipated to commence during the quarter
ending December 31, 2000.
Forward-looking statements contained in this news release are made under "safe
harbor" provisions of the Private Securities Litigation Reform Act of 1995 and
involve a number of risks and uncertainties that could materially affect future
results. Among these risk factors are general economic and business conditions
and growth in the optical communications and medical product markets, the impact
of competitive products and pricing, availability of third-party components,
cost and yields associated with production of the Company's optical
communications and other products and the other risk factors and cautionary
statements listed from time to time in the Company's periodic reports filed with
the Securities and Exchange Commission, including but not limited to, the
Company's Annual Report on Form 10-KSB for the year ended June 30, 1999.
Precision Optics Corporation provides high quality optical thin film coatings
used in a variety of high technology applications including Optical
Communications, Microlithography, Semiconductor Processing, Photomasks, and
Advanced Imaging. In addition, Precision Optics Corporation designs, develops,
manufactures and markets specialized optical systems and components. Its
products and services as an original equipment manufacturer include a line of
laparoscopes and arthroscopes as well as other medical instruments, industrial
optical systems, lens systems for night-vision equipment, and advanced optical
systems design and development.
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SIGNATURE
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.
PRECISION OPTICS CORPORATION, INC.
Date: August 28, 2000 By: /s/ Jack P. Dreimiller
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Name: Jack P. Dreimiller
Title: Senior Vice President, Finance and
Chief Financial Officer
