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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 (Dates of Earliest event reported) August 31, 1996
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EPL Technologies, Inc.
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(Exact name of registrant as specified in its charter)
Colorado 0 - 28444 84-0990658
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
200 Four Falls Corporate Center, Suite 315, W.Conshohocken, PA 19428
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (610) 834-9600
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Not Applicable
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(Former name or former address, if changed since last report.)
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ITEM 5. OTHER EVENTS
Effective August 31, 1996, Bakery Packaging Services Limited ("BPS"), one
of the U.K. subsidiaries of EPL Technologies, Inc. ("EPL") executed a two-year
contract with E.I. du Pont de Nemours & Co.("DuPont") for DuPont to utilize
EPL's proprietary gas-flame perforating technology on certain DuPont
manufactured "MYLAR" films.
Under the new two-year contract with DuPont, which is renewable for a
further three years, DuPont will purchase exclusively from EPL, on a fee basis,
all of DuPont's gas-flame perforation requirements for PET (polyethylene
terephthalate), PA (polyamide) and PEN (polyethylene naphthalate) films and
will grant EPL a non-exclusive license to sell certain DuPont film, on terms
and conditions yet to be finalized. EPL believes that there is a wide range of
potential uses for perforated PET, PA and PEN film. While this agreement
grants DuPont exclusive rights to EPL's gas-flame perforation of PET, PA and
PEN films, EPL retains the rights to perforate other films manufactured by
other producers.
To provide these services to DuPont, EPL has had a new piece of its proprietary
gas-flame perforation equipment built in the U.K. This new equipment, which
will service the North American market formerly covered by BPS, was recently
shipped to the U.S.and is being installed at EPL's recently acquired facility
at Crystal Specialty Films, Inc., based near Chicago, Illinois. A
new majority-owned subsidiary of EPL will undertake this U.S. supply to DuPont.
The BPS U.K. facility will continue to perforate film for the UK and European
markets, as it has been doing over recent months for the U.S. market.
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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, thereunto duly authorized.
Dated : September 12, 1996 EPL Technologies, Inc.
By: /s/ Paul L. Devine
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Paul L. Devine
Chairman and President