-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Ftv/qbTo2IZFJOBmxOtQUJIN1HlrSXHBRnGPTKI1EthCWvSa3PDYgLXlPu9n13+o ao104XNYdbiJ9KzrFNrrCg== 0000950134-02-002109.txt : 20020415 0000950134-02-002109.hdr.sgml : 20020415 ACCESSION NUMBER: 0000950134-02-002109 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20020314 ITEM INFORMATION: Financial statements and exhibits ITEM INFORMATION: FILED AS OF DATE: 20020314 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COLORADO MEDTECH INC CENTRAL INDEX KEY: 0000720013 STANDARD INDUSTRIAL CLASSIFICATION: ELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS [3845] IRS NUMBER: 840731006 STATE OF INCORPORATION: CO FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-12471 FILM NUMBER: 02575141 BUSINESS ADDRESS: STREET 1: 6175 LONGBOW DR CITY: BOULDER STATE: CO ZIP: 80301 BUSINESS PHONE: 3035302660 MAIL ADDRESS: STREET 1: 6175 LONGBOW DRIVE CITY: BOULDER STATE: CO ZIP: 80301 FORMER COMPANY: FORMER CONFORMED NAME: CYBERMEDIC INC DATE OF NAME CHANGE: 19920703 8-K 1 d94984e8-k.txt FORM 8-K 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: MARCH 14, 2002 COLORADO MEDTECH, INC. ---------------------- (Exact name of registrant as specified in its charter) COLORADO 000-12471 84-0731006 - ---------------------------- ---------------- ------------------- (State or other jurisdiction (Commission File I.R.S. Employer of incorporation) Number) Identification No.) 6175 LONGBOW DRIVE BOULDER, COLORADO 80301 ----------------------- (Address, including zip code, of principal executive offices) (303) 530-2660 -------------- (Registrant's telephone number, including area code) ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS (c) Exhibits. No. Description 99.1 Investor and analyst presentation materials of the President and Chief Executive Officer and the Chief Financial Officer of Colorado MEDtech, Inc. to be used at meetings with investors and shareholders beginning March 14, 2002 and to be used from time to time thereafter. ITEM 9. REGULATION FD DISCLOSURE On March 14, 2002, the President and Chief Executive Officer and the company's Chief Financial Officer began meetings with investors, shareholders and analysts. A copy of the presentation materials that were used at those meetings and which are to be used from time to time thereafter is filed as Exhibit 99.1 hereto. -2- 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. DATED, this 14th day of March, 2002. COLORADO MEDTECH, INC. By: /s/ Peter J. Jensen ---------------------------- Peter J. Jensen Vice President -3- EXHIBIT INDEX
EXHIBIT NUMBER DESCRIPTION - ------- ----------- 99.1 Investor and analyst presentation materials of the President and Chief Executive Officer and the Chief Financial Officer of Colorado MEDtech, Inc. to be used at meetings with investors and shareholders beginning March 14, 2002 and to be used from time to time thereafter.
EX-99.1 3 d94984ex99-1.txt INVESTOR AND ANALYST PRESENTATION MATERIALS EXHIBIT 99.1 Slide 1 Investor Presentation March 2002 25 Years of Innovation Graphic: Photographs of products designed, developed, manufactured or proprietary of Colorado MEDtech, Inc. Graphic: Colorado MEDtech, Inc. logo Slide 2 Safe Harbor Statement The statements in this presentation that are not historical facts are forward-looking statements that represent management's beliefs and assumptions based on currently available information. Forward-looking statements can be identified by the use of words such as "believes," "expects," "intends," "may," "will," "should," "anticipated" or comparable terminology or by discussions of strategy. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it cannot assure that these expectations will prove to be correct. Such statements involve risks and uncertainties including, but not limited to, the risk that the Company's existing level of orders may not be indicative of the level or trend of future orders, the risk that the Company may not successfully complete the work encompassed by current or future orders, the risk that unforeseen technical or production difficulties may adversely impact project timing and financial performance, the risk that the management changes will not produce the desired results, the risk of existing and potential litigation, the risks associated with regulation by the Federal Food and Drug Administration including compliance with the Quality System Regulation, the risk that acquired companies cannot be successfully integrated with the Company's existing operations, the risk that a downturn in general economic conditions or customer budgets may adversely affect research and development and capital expenditure budgets of potential customers upon which the Company is dependent and other factors as are more fully described in the Company's documents filed from time to time with the Securities and Exchange Commission. Should one or more of these risks materialize (or the consequences of such a development worsen), or should the underlying assumptions prove incorrect, actual results could differ materially from those forecasted or expected. The Company disclaims any intention or obligation to update publicly or revise any forward-looking statements whether as a result of new information, future events or otherwise. Graphic: Colorado MEDtech, Inc. logo Slide 3 Colorado MEDtech, Inc. Colorado MEDtech (CMED), founded in 1977, is the full-service OneSource OutSource(TM) provider of advanced, complex medical outsourcing services and medical imaging components, products and services. o One-stop service o Faster time to market o Innovative technical solutions o Integrated development and manufacturing CMED offers value-added services to medical OEMs Graphic: Photograph of TheraSense(TM) PDA-based glucose meter Graphic: Colorado MEDtech, Inc. logo Slide 4 Our Mission and Vision Mission To be the world leader in high quality, advanced medical outsourcing services and medical imaging components and accessories. Vision We aspire to become our customers' competitive advantage and their first choice as the OneSource OutSource(TM) partner. Graphic: Photograph of Cochlear, Inc.'s Crystal Integrity Test System(TM) Graphic: Colorado MEDtech, Inc. logo Slide 5 Our Organizational Structure Colorado MEDtech Medical Outsourcing Services RELA Design, develop and manufacture medical products o software development o embedded software o V & V o medical device connectivity Medical Imaging Products and Services IPS CIVCO Imaging system design, Design, develop, develop and manufacture manufacture and - power amplifiers distribute - design and develop - accessories for ultrasound custom software systems imaging equipment - image-guided minimally invasive surgical products Graphic: Colorado MEDtech, Inc. logo Slide 6 Challenges o Unsolicited acquisition proposal o FDA Warning Letter Released October 2001 o Litigation - Wedel arbitration decided in favor of CMED November 2001 - Settlement of Gen-Probe litigation February 2002 o Cancellation of Hitachi manufacturing program o Implement new management team, change corporate culture Graphic: Photograph of CIVCO engineers in front of CAD workstation Graphic: Colorado MEDtech, Inc. logo Slide 7 Goals We Set Strengthen management team Improve quality systems and infrastructure Profitably expand the business Integrate business operations Graphic: Drawing with the word "Goals" in center; arrows indicating each of the goals set as listed above Graphic: Colorado MEDtech, Inc. logo Slide 8 Significant Accomplishments Graphic: Colorado MEDtech, Inc. logo Graphic: Arrow backing photographs of products designed, developed, manufactured or proprietary of Colorado MEDtech, Inc. Slide 9 Accomplishments Strengthened management team o Added new players to executive team in vital positions o Former, experienced executives rejoined CMED in expanded roles o Promoted from within to establish importance of key positions Strongest and most experienced team Graphic: Photograph of Second Look(TM) by CADx Medical Systems Graphic: Colorado MEDtech, Inc. logo Slide 10 Accomplishments Improved quality systems o Implemented comprehensive quality program o Hired experienced personnel o Achieved resolution of FDA warning letter Graphic: Photograph of Link-iT(TM) medical device connectivity module shown with Nellcor Puritan Bennett, Inc. pulse oximeter. Photo used by permission of Nellcor Puritan Bennett, Inc. Graphic: Colorado MEDtech, Inc. logo Slide 11 Accomplishments Focused business by integrating operations o Restructured manufacturing - Eliminated board shop o Divested non-core business - Sold CMED Catheter o Phased out 2 units - CMED Automation - BioMed Y2K Graphic: Photograph of TheraSense(TM)PDA-based glucose meter Graphic: Colorado MEDtech, Inc. logo Slide 12 Accomplishments Expanded the business o Introduced Link-iT(TM) - medical device connectivity technology o Allied with Red-M(TM) - provider of Bluetooth(TM) wireless connectivity solutions o Steve Onody speaking at Bluetooth(TM) Congress 2002 Introduced leading-edge technologies Strengthened our intellectual property Graphic: Photograph of Link-iT(TM) medical device connectivity module shown with Nellcor Puritan Bennett, Inc. pulse oximeter. Photo used by permission of Nellcor Puritan Bennett, Inc. Graphic: Colorado MEDtech, Inc. logo Slide 13 Accomplishments Expanded the business o Acquired imaging products line from ATL Ultrasound - strengthens our medical products segment o Acquired Barzell-Whitmore - positioning and stabilizing devices used in image-guided minimally invasive surgery Graphic: Photograph of CIVCO engineers in front of CAD workstation Graphic: Colorado MEDtech, Inc. logo Slide 14 Why This is a Good Business 1. Positioned in a long-term growth market 2. Focused on attractive niche 3. Customers include industry leaders 4. Full service OneSource OutSource(TM) 5. Solid financial position Graphic: Colorado MEDtech, Inc. logo Slide 15 1. Positioned in Long-Term Growth Market Electronics Manufacturing Services (EMS) Market ($B) Graph depicting estimated growth of the EMS market 98 $90 billion 01 $130 billion 04 $260 billion Graphic: arrow marked "CAGR 28%" Worldwide estimates for 2001. Sources: Frost & Sullivan, Robert W. Baird & Co., Inc. Graphic: Colorado MEDtech, Inc. logo Slide 16 1. Positioned in Long-Term Growth Market Medical Device Market in which Colorado MEDtech Operates ($B) Graph depicting estimated growth of the medical device market 98 $2.4 99 $3.1 00 $3.4 01 $3.6 02 $3.9 03 $4.2 04 $4.6 Graphic: arrow marked "CAGR 8.3%" Worldwide estimates. Sources: Frost & Sullivan, Contract Manufacturing Market, Electronic Manufacturing Services, Medical Device Link, U.S. Business Reporter, Thomas Register, Electronic Business News, Hoovers Online, Business Services and Manufacturing Capabilities, Medical Device Technology, Medical Device Diagnostics Graphic: Colorado MEDtech, Inc. logo Slide 17 1. Factors Driving Market Growth o OEMs focusing on core competencies o Outsourcing offers: - reduced costs - improved time-to-market - reduced capital outlays Graphic: "C" portion of Colorado MEDtech, Inc. logo above the word "GROWTH" Graphic: Colorado MEDtech, Inc. logo Slide 18 2. Focused on Attractive Niche $3.6B medical device outsource market Graphic: Sphere filled with photograph of an integrated power and control subsystem for high-field MRI, divided in half; top half marked with the words "High tech, value-added segment"; bottom half marked with the words "Low value segment" Graphic: "C" portion of Colorado MEDtech, Inc. logo Graphic: Colorado MEDtech, Inc. logo Strongly positioned in advanced tech segment Slide 19 3. Customers Include Industry Leaders Graphic: logos for the following: Johnson & Johnson Gene Logic Boston Scientific Baxter Medtronic Siemens Du Pont Tyco Becton Dickinson Lilly GE Medical Systems Xanthon Abbott Laboratories "C" portion of Colorado MEDtech, Inc. logo Graphic: Colorado MEDtech, Inc. logo Slide 20 4. Full Service Provider o OneSource OutSource(TM) Provider o Services o Products o Components Graphic: Montage image of clock face with multiple product images; center "C" portion of Colorado MEDtech, Inc. logo Graphic: Colorado MEDtech, Inc. logo Slide 21 4. The OneSource OutSource(TM) o One-stop service o Faster time-to-market o Innovative technical solutions o Integrated development and manufacturing Graphic: Montage image of clock face with multiple product images; center "C" portion of Colorado MEDtech, Inc. logo Graphic: Colorado MEDtech, Inc. logo Slide 22 5. Solid Financial Position o Cash and short-term investments $7.4M o Total assets $44.2M o Working capital $21.8M o Revenues six months ended 12/31/01 $34.7M We have the resources to grow Numbers as of 12/31/01 Graphic: Colorado MEDtech, Inc. logo Slide 23 Growth Strategies 1. Become the 1st choice supplier OneSource OutSource(TM) 2. Provide world-class medical connectivity technology 3. Expand imaging product portfolio 4. Complementary acquisitions and alliances Graphic: Photographs of products designed, developed, manufactured or proprietary of Colorado MEDtech, Inc. Graphic: Colorado MEDtech, Inc. logo Slide 24 FY 2002: Where are we today? o First Quarter: - Improving sales opportunities o Second Quarter: - Resolved FDA warning letter - Resolved CIVCO litigation - Reducing costs o Quarters Three and Four: - Acquired Barzell-Whitmore - Settled Gen-Probe litigation Objectives - Improving sales opportunities - Reducing costs - Consolidating into one facility We believe our actions will return CMED to profitability Graphic: Cochlear, Inc.'s Crystal Integrity Test System(TM) Graphic: Colorado MEDtech, Inc. logo Slide 25 Why Colorado MEDtech? We have a strong platform for growth: o People o Processes o Technology o Opportunity Graphic: Photograph of Xanthon Xpression Analysis System(TM) Graphic: Colorado MEDtech, Inc. logo Slide 26 Why Colorado MEDtech? o Impressive customer base - leveraging relationships o Expanding capabilities in high potential areas - device connectivity and imaging o Solid business model o Strong balance sheet Focused on return to profitability Graphic: Photograph of Second Look(TM)by CADx Medical Systems Graphic: Colorado MEDtech, Inc. logo -----END PRIVACY-ENHANCED MESSAGE-----