UNITED STATES
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): July 26, 2007
Authentidate Holding Corp.
(Exact name of registrant as specified in its charter)
COMMISSION FILE NUMBER: 0-20190
DELAWARE | 14-1673067 | |
(State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) |
Connell Corporate Center
300 Connell Drive, 5th Floor
Berkeley Heights, NJ 07922
(Address and zip code of principal executive offices)
(908 787-1700)
(Registrant’s telephone number, including area code
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Item 1.01 | Entry in to a Material Definitive Agreement. |
On July 26, 2007, Authentidate Holding Corp. entered into a new three-year license agreement with the U.S. Postal Service® (USPS) to act as a non-exclusive authorized service provider of the USPS Electronic Postmark® (EPM). Pursuant to this license agreement, the USPS granted Authentidate a non-exclusive, worldwide license to use its applicable trademarks and other intellectual property rights for the EPM service in order to enable Authentidate to offer the EPM service directly to the market. The USPS will define and maintain the technical and operational standards for the EPM service, and serve as backup verifier for all EPM transactions. Authentidate has operated the Electronic Postmark service on behalf of the USPS since March 2003, under a strategic alliance agreement that expires on July 31, 2007.
In consideration for the licenses granted to it, Authentidate will pay the USPS a quarterly license fee and a per EPM transaction fee if Authentidate’s volume of EPM transactions exceed a contractually specified level during a particular quarter. This license agreement is effective as of August 1, 2007 and will expire in three years unless it is sooner terminated in accordance with its terms. Either party may terminate the agreement upon written notice if the other party is in material breach of any provision thereof, subject to applicable cure periods. In addition, either party may terminate this agreement for any reason, upon 120 days notice to the other party. The USPS will also have the right to terminate the license agreement upon written notice in connection with a change in control transaction affecting Authentidate.
On July 26, 2007, Authentidate issued a press release announcing its entry into the license agreement with the USPS. A copy of this press release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference. The foregoing summary is qualified in its entirety by reference to the agreement, which will be attached as an exhibit to the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2007.
Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits
Exhibit Number | Exhibit Title or Description | |
99.1 | Press Release dated July 26, 2007 |
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.
AUTHENTIDATE HOLDING CORP. | ||
By: | /s/ Surendra B. Pai | |
Name: | Surendra B. Pai | |
Title: | Chief Executive Officer | |
Date: | July 30, 2007 |
EXHIBIT INDEX
Exhibit Number | Description | |
99.1 | Press Release dated July 26, 2007 |