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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
SECURITIES EXCHANGE ACT OF 1934
October 26, 1998
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(Date of Earliest Event Reported)
Objective Communications, Inc.
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(Exact Name of Registrant as Specified in its Charter)
Delaware 000-22235 52-1707962
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(State of (Commission (I.R.S. Employer
Incorporation) File Number Identification Number)
50 International Drive, Portsmouth, New Hampshire 03801
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(Address of Principal Executive Offices) (Zip Code)
(603) 334-6700
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(Registrant's Telephone Number, Including Area Code)
N/A
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(Former Name or Former Address, if Changed Since Last Report)
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ITEM 5. OTHER EVENTS.
On October 26, 1998, Objective Communications, Inc. (the "Company") issued
a press release announcing a strategic alliance and marketing agreement between
the Company and Unisys Corporation ("Unisys"). Attached to this Current Report
on Form 8-K as Exhibit 99.1 and incorporated by this reference is a copy of that
press release. Also incorporated by this reference is the Strategic Alliance and
Marketing Agreement between the Company and Unisys, which the Company filed as
an exhibit to Amendment No. 1 to its Registration Statement on Form S-3 (File
No. 333-62971).
The matters discussed in the attached press release, except those matters
concerning historical information, include forward-looking statements that may
involve a number of risks and uncertainties. Actual results and future events
may differ significantly based upon a number of factors, including risks in
product and technology development, market acceptance of new products and
continuing product demand, the impact of competitive products and pricing, and
other risks described in the Company's most recent quarterly report and other
filings with the Securities and Exchange Commission.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
<TABLE>
<CAPTION>
Exhibit No. Description of Exhibit
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<S> <C>
10.1* Strategic Alliance and Marketing Agreement between the Company
and Unisys (Incorporated by reference to Exhibit 10.10 filed a
part of Amendment No. 1 to the Company's Registration
Statement on Form S-3 (File No. 333-62971) filed with the
Securities and Exchange Commission under the Securities Act of
1933, as amended.)
99.1 Press release issued by the Company on October 26, 1998.
</TABLE>
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*Confidential portions omitted and supplied separately to the Securities and
Exchange Commission.
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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.
OBJECTIVE COMMUNICATIONS, INC.
Date: November 19, 1998 By: /s/ Robert H. Emery
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Robert H. Emery
Vice President, Administration and Finance
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EXHIBIT INDEX
<TABLE>
<CAPTION>
Exhibit No. Description of Exhibit
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<S> <C>
10.1* Strategic Alliance and Marketing Agreement between the Company
and Unisys (Incorporated by reference to Exhibit 10.10 filed a
part of Amendment No. 1 to the Company's Registration
Statement on Form S-3 (File No. 333-62971) filed with the
Securities and Exchange Commission under the Securities Act of
1933, as amended.)
99.1 Press release issued by the Company on October 26, 1998.
</TABLE>
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*Confidential portions omitted and supplied separately to the Securities and
Exchange Commission.
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EXHIBIT 99.1
FOR IMMEDIATE RELEASE
Press Contacts: Mark Root, Unisys, 703/556-5345
Julie O'Brien, Objective Communications, 603/334-6719
Investor Contact: Vincent Daniels, Lippert Heilshorn IR, 212/838-3777
- --Companies Will Team To Provide Real-Time Video Communications Solutions To
Federal Customers--
McLean, VA and Portsmouth, NH (October 26, 1998) -- Unisys(R) (NYSE: UIS)
Corporation, a leading provider of solutions, services and technology products
for the Federal market, and Objective Communications(R), Inc. (NASDAQ: OCOM), a
leading provider of real-time video communications solutions, announced today a
strategic alliance to market and sell the complete line of VidPhone(R) products
to the Federal market. Under the terms of the agreement, Unisys Federal Systems
becomes Objective Communications' preferred systems integrator for the U.S.
Government. Unisys will offer Objective Communications' VidPhone System, which
includes system software and hardware for video on demand, broadcast
distribution, videoconferencing, and wide area communications. The companies
have also agreed to collaborate on future developments and co-marketing
initiatives.
"We're pleased to welcome Objective Communications as a Unisys strategic
partner," said Joseph Santamaria, Vice President and General Manager, Integrated
Government Solutions, Unisys Federal Systems. "The two companies have been
working closely together over the past months to market and sell the VidPhone
System into the Federal market. Already we've had good feedback on the systems
we have installed in the Unisys Center of Excellence, and we've recently enjoyed
our first joint success with the sale to the U.S. Federal Courts. We see a great
future for Objective's technology."
"We're pleased to join Unisys' prestigious list of strategic partners," said
James Bunker, President and CEO of Objective Communications. "Unisys has the
expertise, the people, and the infrastructure needed to provide product support
services that are vital to our commitment to customer satisfaction. Our alliance
lays the foundation of our commitment to deliver the government with
state-of-the art telecommunications networking products."
About Unisys
Unisys (NYSE: UIS) is more than 33,000 employees helping customers in 100
countries apply information technology to solve their business problems. Unisys
solutions are based on a broad portfolio of global information services
including systems integration, outsourcing, "repeatable" application solutions,
consulting, network integration, remote network management, and multivendor
maintenance and support, coupled with enterprise-class servers and associated
middleware, software and storage. Repeatable solutions are focused on key
vertical markets
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including financial services, transportation, telecommunications, government,
publishing and other commercial markets. Headquartered in Blue Bell,
Pennsylvania, in the Greater Philadelphia area, Unisys 1997 annual revenue was
$6.6 billion. Access the Unisys home page on the World Wide Web -
http://www.unisys.com - for further information.
About Objective Communications
Objective Communications is the first company to deliver a total, real-time
video communications solution that includes videoconferencing, video
distribution, and video on demand all in one integrated system. Based on the
innovative VidModem(TM) technology, the VidPhone System uses standard
twisted-pair telephone wiring to bring TV-quality video to desktops, meeting
rooms, lobbies, operating rooms--anywhere there is a phone jack. More than just
a high-quality videoconferencing solution, the VidPhone System combines live
broadcasts, point-to-point and multipoint videoconferencing, and wide area ISDN
and ATM connectivity to provide organizations with a total video communications
solution. For more information, visit www.objectivecom.com.
Unisys is a registered trademark of Unisys Corporation. VidPhone and Objective
Communications are registered trademarks of Objective Communications, Inc.
VidModem is a trademark of Objective Communications, Inc.
