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): October 30, 2002
INFINITE GROUP, INC.
(Exact name of Registrant as specified in its charter)
DELAWARE 0-21816 52-1490422
(State or other jurisdiction of (Commission File (IRS Employer Identification
incorporation) Number) No.)
2364 Post Road, Warwick, RI 02886
(Address of principal executive office) (Zip Code)
(401) 738-5777
Registrant's telephone number, including area code
N/A
(Former name or former address, if changed since last report)
Item 5. Other Events.
On October 30, 2002 the Registrant issued the following press release:
Warwick, Rhode Island, October 30, 2002 - Infinite Group (NASDAQ--IMCI)
announced that its primary contract with the Defense Advanced Research Projects
Agency, Contract # MDA972-02-C-0013, has been terminated for the Government's
convenience. The termination, under Federal Acquisition Regulation (FAR)
52.249-6, is effective immediately.
Despite the loss of this contract, the Company plans to continue research and
development of its GCSELTM and GCSOATM laser technologies. "As a prime
contractor for several government contracts, we realize the loss of our DARPA
contract creates challenges for the Company," said Chief Executive Officer
Clifford G. Brockmyre. "However, we remain committed to developing our laser
diode technologies for commercial and military applications. Furthermore, we
continue to have confidence that our technologies have strong potential across
multiple markets."
Infinite Photonics, Inc. develops and markets laser diodes based on its
proprietary patented and patent pending IP GCSELTM technology platform. IP
GCSELTM product applications include high power pump lasers used for EDFA and
Raman amplification, tunable lasers used in optical transmitters and receivers
for telecommunications, material processing and medical applications.
Infinite Group is a provider of laser material processing, advanced
manufacturing methods, and laser and photonics technology.
In accordance with the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995, the Company notes that statements in this release
which look forward in time involve risks and uncertainties that may cause actual
results or achievements to materially differ from those indicated by the
forward-looking statements. These forward-looking statements include any
statements that are not solely historical including statements with respect to
the Company's plans for future development and commercialization of its
technologies. The Company's plans and objectives are based on assumptions
involving judgments with respect to future economic, competitive and market
conditions and future business decisions, all of which are difficult or
impossible to predict accurately and many of which are beyond the control of the
Company. Therefore, there can be no assurance that the forward-looking
statements will prove to be accurate. The Company's documents filed with the SEC
identify important factors that may cause the actual results to differ
materially from those indicated by the forward-looking statements.
* * * * * * * * * *
2
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.
INFINITE GROUP, INC.
Date: October 30, 2002 By: /s/ Clifford G. Brockmyre II
------------------------------------
Clifford G. Brockmyre II
President
3