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RULE 424(B)(3)
PROSPECTUS
SUPPLEMENT DATED AUGUST 2, 1996
TO PROSPECTUS DATED JUNE 28, 1996
This Supplement is to be read in conjunction with the Prospectus dated June
28, 1996 of XXsys Technologies, Inc. Unless otherwise provided herein, all
defined terms used in this Supplement have the same meaning ascribed to them in
the Prospectus.
WARRANT EXERCISE PROCEDURE
The Company has extended the Redemption Date to August 12, 1996. The
initial Redemption Date was August 2, 1996. Pursuant to the ten day extension,
all outstanding Warrants will be redeemed at 5:00 p.m., Eastern Daylight Time,
on August 12, 1996. As of the date of this Supplement, 5,050 Warrants have been
exercised for the gross proceeds of $30,300.
BUSINESS
On August 1, 1996, the Company received its first commercial contract to
retrofit 32 columns in a parking structure in Southern California. The design
engineering firm for the project is Dames and Moore. The contract revenue to the
Company will be approximately $32,000. The Company expects to commence retrofit
work on the project on August 6, 1996.
On July 12, 1996, the Company entered into a collaborative arrangement
sponsored by the Utah Department of Transportation for purposes of demonstrating
the efficacy of the Company's proprietary technologies using graphite composite
materials to retrofit existing bridges for corrosive decay. The project will
include full scale modeling and testing of the technologies on vertical columns,
horizontal beams supporting the bridge decks and the connections between the
beam and column. The project will also include the retrofitting of a 30-year old
bridge on Interstate 80 in Salt Lake Valley for corrosive decay. The
participants in the project also include the University of Utah and the Utah
State University, which will be involved in conducting the full scale modeling
and testing, and Thiokol Corporation, which will provide the graphite material
for the full scale tests and the bridge retrofit. Under the terms of the
arrangement, the Utah Department of Transportation will pay all direct expenses
incurred by the Company and the Company will donate the use of the
Robo-Wrapper(TM) equipment and its own labor for the project. The project is
scheduled to be completed by August 31, 1996.
