SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 and 15(d) of the
Securities Exchange Act of 1934
Date of Report (date of earliest event reported): March 27, 2001
ONLINE POWER SUPPLY, INC.
- --------------------------------------------------------------------------------
Exact Name of Registrant as Specified in its Charter)
Nevada 00-29669 84-1176494
- ----------------------------- ----------------------- --------------------
(State or other jurisdiction (Commission File No.) (I.R.S. Employer
of incorporation) Identification No.)
8100 South Akron Street, Suite 308
Englewood, Colorado 80112 80112
- ---------------------------------------------- ---------------------------
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (303) 741-5641
Not Applicable
- --------------------------------------------------------------------------------
(Former Name, Former Address or Former Fiscal Year,
if Changed From Last Report)
ITEM 5. OTHER EVENTS
OnLine Power Supply, Inc. today announced it has completed safety and
reliability testing for its OPS-500-385 PFC Module, clearing the way to
commencing commercialization of this product.
The Company has successfully completed its HALT (Highly Accelerated
Life Testing) ruggedization testing, which is a state-of-the-art testing process
used to uncover design and production process flaws. The HALT testing, performed
by QualMark Corporation, allows manufacturers to identify and correct potential
quality issues early in the design and production cycle in order to avoid costly
recalls and redesigns after the product has been deployed in the field.
The Company is pleased with the product's HALT results. The unit
maintained its operating conditions under 30G's of vibration across three axes,
and from -90(degree)C to +130(degree)C. These are not normal operating
conditions since the systems into which the units are built are safeguarded to
more conservative operating conditions.
The Company's unique, patent-pending PFC Module converts AC power to DC
power suitable for use in sensitive electronics applications. The Company
believes the product is the smallest, lightest, most efficient power supply in
its industry representing the first appreciable technological advancement in the
last 20 years.
Also, the Company has received a Notice of Authorization to apply the
UL and C-UL recognition marks to its OPS-500-385 PFC Module in the U.S. and
Canada. The UL mark on a product means the UL has tested and evaluated
representative samples of that product and determined that they meet UL's
requirements for use in the United States. The C-UL mark is applied to products
for the Canadian market. The products with the C-UL mark have been evaluated to
Canadian safety requirements, which may be somewhat different from U.S. safety
requirements.
OnLine Power Supply, headquartered in Englewood, Colorado, develops,
manufactures and markets AC to DC power conversion products and supplies for
telecommunications, data communications, networking and industrial applications.
Except for the historical information, all of the information which is
contained in this 8-K Report constitutes forward-looking statements within the
meaning of Section 27A of the 1933 Act and Section 21E of the Securities
Exchange Act of 1934. Specifically, all statements regarding our business
strategy and plans and objectives of management for future operations are
forward-looking statements. These forward-looking statements are based on the
beliefs of management, as well as assumptions made by and information currently
available to management. These statements involve known and unknown risks,
including the risks resulting from economic and market conditions, accurately
forecasting operating and capital expenditures and capital needs, successful
anticipation of competition which may not yet be fully developed, the
uncertainties of litigation, and other business conditions. The use of words
confident, prove, anticipate, believe, estimate, expect, may, will, continue,
and intend and similar words or phrases are intended by us to identify forward-
looking statements (also known as cautionary statements). These statements
reflect our current views with respect to future events. They are subject to the
realization in fact of assumptions, but
2
what we now think will happen may turn out to be inaccurate or incomplete. Our
actual operating results and financial performance may prove to be very
different from what we now predict or anticipate. Although we believe that our
expectations are reasonable, we cannot assure you that our expectations will
prove to be correct. Based on changing conditions, should any one or more of
these risks materialize, or should any of our underlying assumptions prove
incorrect, actual results may vary substantially from what we now anticipate,
believe, estimate, expect or intend. All subsequent written and oral
forward-looking statements attributable to us are expressly qualified in their
entirety by these cautionary statements.
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.
ONLINE POWER SUPPLY, INC.
Dated: March 27, 2001 By: /s/ Kris M. Budinger
---------------------------------------
KRIS M. BUDINGER, President and CEO
3