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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
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FORM 8-K/A
CURRENT REPORT
PURSUANT TO SECTION 13 or 15(d) OF THE
SECURITIES ACT OF 1934
Date of Report (Date of earliest event reported): March 3, 1998
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RACOM SYSTEMS, INC.
(Exact name of registrant as specified in its charter)
Delaware
(State of or other jurisdiction of incorporation or organization)
000-21907
(Commission File Number)
84-1182875
(IRS Employer Identification No.)
6080 Greenwood Plaza Blvd., Greenwood Village, CO 80111
(Address, including zip code, of registrant's principal executive offices)
303-771-2077
(Registrant's telephone number, including area code)
ITEM 5 - OTHER EVENTS:
On February 2, 1998, Racom Systems, Inc. ("Racom") announced an agreement in
conjunction with Ramtron International Corporation ("Ramtron") granting
Hitachi Ltd. ("Hitachi") a worldwide, non-exclusive license to design,
manufacture and sell smart card products based on Racom's contactless,
ferroelectric smart card technology, and Ramtron's proprietary ferroelectric
random access memory ("FRAM-Registered Trademark-") technology. In addition
to these license rights, Racom granted Hitachi option rights, for a
predetermined option fee, to Racom's RF/ID Technology, as defined in the
agreement, for a period up to December 31, 1999. As consideration for the
rights granted under the agreement, Hitachi will pay certain license fees and
royalties to Racom at a certain rate as defined in the agreement. As
additional consideration for the rights granted under the agreement, Hitachi
will provide engineering services for development of Racom's RF/ID Products,
as defined in the contract, and Ramtron and Racom have a certain defined
percentage call (subject to a maximum quantity) on Hitachi's production
capacity of RF/ID Products. The agreement remains effective until expiration
of the last of Racom's and Ramtron's patents.
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ITEM 6 - Exhibits
(a.) Exhibits:
Exhibit No. Title
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10.17 Amendment No. 3
RF/ID Products to High-Density FRAM Cooperation Agreement
between Racom Systems, Inc., Ramtron International
Corporation and Hitachi, Ltd.
(1) Certain portions of the Exhibit 10.17 have been omitted upon a request for
confidentiality treatment.
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.
RACOM SYSTEMS, INC.
By: /s/ Lillian V. Burkey
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Lillian V. Burkey
Controller
By: /s/ Richard L. Horton
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Richard L. Horton
President and CEO
Date: March 3, 1998
