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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
APRIL 3, 2000
PIXTECH, INC.
(Exact name of registrant as specified in its charter)
DELAWARE 0-26380 04-3214691
(State or other jurisdiction (Commission File (IRS Employer
of incorporation) Number) Identification No.)
AVENUE OLIVIER PERROY, 13790 ROUSSET, FRANCE
(Address of principal executive offices and zip code)
Registrant's telephone number, including area code:
011-33-4-42-29-10-00
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ITEM 5.
On April 3, 2000, PixTech, Inc. ("PixTech" or the "Company") announced that
the Defense Advanced Research Projects Agency had awarded a development contract
to the Company. Under the terms of the contract, PixTech will receive
approximately $6.3 million for the development and demonstration of a full
color, full video rate, 12.1-inch Field Emission Display. The Company's press
release announcing this transaction is filed as Exhibit 99.1 hereto.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(a) Financial Statements of Business Acquired.
Not applicable.
(b) Pro Forma Financial Information.
Not applicable.
(c) Exhibits
99.1 Press Release issued by the Company on April 3, 2000. Filed
herewith.
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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.
April 18, 2000 PIXTECH, INC.
By: /s/ Marie Boem
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Marie Boem
Chief Financial Officer
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EXHIBIT INDEX
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99.1 Press Release issued by the Company on April 3, 2000. Filed herewith.
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Exhibit 99.1
PIXTECH AWARDED $6.3 MILLION DARPA PROGRAM
- Continued Development of a 12.1-inch Field Emission Displays Program -
FOR RELEASE: April 3, 2000
Boise, Idaho, April 3, 2000 - PixTech, Inc. (NASDAQ/NM and EASDAQ: PIXT) today
announced that it has been awarded a development contract by DARPA (Defense
Advanced Research Projects Agency). Under the terms of the contract, PixTech
will receive approximately $6.3 million for the development and demonstration of
a full color, full video rate, 12.1-inch Field Emission Display. After delivery
the displays will undergo testing and evaluation for use in U.S. military
vehicles.
This funding is in addition to and a continuation of the existing contract,
which was transferred from Micron Technology, Inc. to PixTech in August of 1999.
PixTech's field emission displays offer a lightweight, low power, durable
display solution that provides enhanced viewing features to the end user. Dieter
Mezger, PixTech's President and CEO stated, "PixTech has already delivered the
12.1-inch monochrome displays under the existing DARPA contract and we are
excited to be continuing the program, which promotes advancements in
technologies that will benefit the United States Armed Forces".
ABOUT PIXTECH, INC.
PixTech designs, develops and manufactures field emission displays (FEDs), a new
type of flat-panel display. The Company operates a flat-panel display pilot
manufacturing facility in Montpellier, France, an R&D facility in Boise, Idaho,
and offices in Boise (Idaho), Santa Clara (California), and Rousset (France).
PixTech is currently developing high-volume manufacturing capabilities for its
FEDs in Taiwan under a contract manufacturing arrangement with Unipac, a
Taiwanese AM-LCD manufacturer. PixTech has also established a marketing
partnership with Sumitomo Corporation, the exclusive distributor in Japan.
More information is available from the Company's web site at
http://www.pixtech.com Statements that are not historical facts, including
statements about PixTech's confidence and strategies, the development of new or
existing products, technologies and opportunities, marked demand or acceptance
of new or existing products are forward-looking statements that involve risks
and uncertainties. These uncertainties include, but are not limited to, the risk
associated with transitioning to high volume manufacturing of FED displays at
Unipac, product demand and market acceptance risks, commitment of Unipac and /
or of PixTech licensees, ability of the Company to grant other licenses under
FED technology, validity and enforceability of PixTech's patent rights,
infringement by PixTech of other patent rights, impact of competitive product
and prices, product development, commercialization or technological delays or
difficulties, trade, legal, social and economic risks detailed in PixTech's
Securities and Exchange Commission filing including its form 10-K for the year
1999 and any subsequent filings.
