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
Date of Report (Date of earliest event reported): February 13, 2002
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INFINITE GROUP, INC.
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(Exact name of Registrant as specified in its charter)
DELAWARE 0-21816 52-1490422
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(State or other jurisdiction of (Commission File (IRS Employer
incorporation) Number) Identification No.)
2364 Post Road, Warwick, RI 02886
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(Address of principal executive office) (Zip Code)
(401) 738-5777
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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)
Item 5. Other Events.
On February 13, 2002 the Registrant issued the following press release:
"Infinite signs $12 Million DARPA Contract
Warwick, RI and Orlando, FL. (February 13, 2002) Infinite Group, Inc. (NASDAQ:
IMCI) announced today that its subsidiary, Infinite Photonics, Inc., has
completed negotiations and entered into a contract for $12 million in research
and development from the Defense Advanced Research Projects Agency (DARPA),
using Infinite's proprietary grating coupled surface emitting laser (IPI
GCSEL(TM)) diode technology. The work will begin immediately and be completed by
the end of 2003.
"We will produce pump and source laser diodes, as well as grating coupled
semiconductor optical amplifiers (GCSOA)", stated Jeff Bullington, President of
Infinite Photonics. "The program will allow Infinite Photonics to develop and
commercialize single mode devices specific to DARPA's goals for very high power,
high repetition rates, and high beam quality. DARPA has had a long history of
enabling innovative advancements in a number of industries including:
microelectronics, the Internet, and photonics. DARPA is driven to advance
`cutting edge' technology, while encouraging the economies of large-scale
production through commercial applications. According to Laser Focus World
magazine, the commercial photonics market applicable to diode laser technology
is approximately $6 Billion per year. This program will enable Infinite
Photonics to establish significant technological presence in this market by
creating photonic based products for both the commercial and government
applications."
Clifford G. Brockmyre, CEO of Infinite Group, commented "We expect the DARPA
contract to help us further enhance performance and usage for the IPI GCSELtm
technology".
DARPA is a research element within the Department of Defense and has been
responsible for funding development and implementation of many breakthrough
technologies.
Infinite Photonics, Inc. develops and markets laser diodes based on its
proprietary, patented and patent pending IPI GCSELtm technology platform. IPI
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 an industry leader in applied photonics, including areas of
laser material processing, advanced manufacturing methods and laser applications
technology.
This release contains "forward looking statements" based on current expectations
but involving known and unknown risks and uncertainties. Actual results or
achievements may be materially different from those expressed or implied. The
Company's plans and objectives are based on
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assumptions involving judgements with respect to future economic, competitive an
market conditions and future business and technology 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, including, but not limited to, those relating to the
commercialization of IPI GCSELtm laser based technologies, will prove to be
accurate. "
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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.
INFINITE GROUP, INC.
Date: February 13, 2002 By: /s/ Clifford G. Brockmyre II
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Clifford G. Brockmyre II
President
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