Printrak International Inc – ‘8-K’ for 8/28/00 – EX-99.1

On:  Thursday, 9/7/00, at 1:17pm ET   ·   For:  8/28/00   ·   Accession #:  912057-0-40405   ·   File #:  0-20719

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Current Report   —   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                         4     11K 
 2: EX-99.1     Miscellaneous Exhibit                                  3     10K 

EX-99.1   —   Miscellaneous Exhibit

EX-99.1
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FOR IMMEDIATE RELEASE                                                           
                                   Contacts:
                                        Motorola, Inc.
                                        Faye Bergemann
                                      847-576-6641

                                                     Printrak International Inc.
                                             Cameron Triebwasser
                                      714-238-2058
                                      Robert Jaffe
                                      310-207-9300

MOTOROLA TO ACQUIRE PRINTRAK INTERNATIONAL

ACQUISITION EXPANDS PORTFOLIO OF SOLUTIONS FOR
 PUBLIC SAFETY AND CIVIL CUSTOMERS

 SCHAUMBURG, Ill. and ANAHEIM, Calif., August 29 /PRNewswire/ --
Motorola, Inc. (NYSE: MOT - NEWS) and Printrak International Inc. (Nasdaq: AFIS 
- NEWS) today announced the signing of a definitive agreement under which       
Motorola will acquire the Anaheim, Calif.-based supplier of software and related
services for public safety and other customers.                                 

     Printrak is a worldwide supplier of enterprise software and related
services for information management and decision support. Printrak's technology 
offerings include automated fingerprint identification (AFIS), computer-aided   
dispatch (CAD), and records management (RMS) software and hardware systems      
targeted at national, state and local governmental and civil agencies. Motorola 
is one of the world's leading providers of analog and digital two-way voice and 
data radio communications products, systems and services for public safety and  
other customers worldwide.                                                      

       "This acquisition represents a significant step forward in Motorola's
commitment to provide total solutions to public safety and other customers,"    
said Robert L. Barnett, Motorola executive vice president and president of the  
company's Commercial, Government and Industrial Solutions Sector (CGISS). "Our  
public safety customers are seeking increasingly sophisticated command and      
control solutions that integrate the radio network console, computer-aided      
dispatch and record management systems. This acquisition is designed to address 
that growing need; it represents an ideal blending of Motorola's leadership in  
wireless communications and Printrak's enterprise-wide application software,    
biometric and data management expertise."                                       

   "We are excited about joining the Motorola family of businesses,"
stated Daniel A. Crawford, president of Printrak. "Motorola is widely recognized
as a leading worldwide provider of two-way radio communications systems, and    
Printrak is a leading provider of information management and decision-support   
software for community safety and security                                      

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applications. This acquisition builds on the strengths of both companies. Most  
importantly, it is a win for our industry and our customers, who will benefit   
from the synergy created by our combined portfolios."                           

     Under the agreement Motorola will pay approximately $160 million in
total, or $12.14 per share, for all of the common stock and common stock        
equivalents of Printrak in a cash for stock merger transaction. The merger      
consideration represents approximately a 36 percent premium over the last 60    
days average closing stock price for Printrak. The transaction is subject to    
customary regulatory approvals and other closing conditions and is expected to  
be completed in the fourth quarter of this year.                                

        Printrak has approximately 600 employees worldwide. In addition to its
headquarters in Anaheim, Calif., it has facilities in Irvine, Calif., and       
Boulder, Colo., in the U.S., as well as international operations including      
offices in the United Kingdom and Australia.                                    

       Motorola's planned acquisition of Printrak follows the company's 1999
acquisition of Software Corporation of America (SCA), which develops wireless   
software applications and middleware for public safety and other customers.     
Taken together, these acquisitions strengthen Motorola's ability to provide     
customers with comprehensive solutions.                                         

About Printrak International                                  

                 Printrak International Inc. (Nasdaq: AFIS - NEWS) is a global
supplier of enterprise software and related services for information management 
and decision support that ensures community safety and security. The company's  
suite of networked applications provides comprehensive management of government 
records for rapid access and analysis of critical and time-sensitive public     
information. The systems operate by gathering, validating, warehousing, mining  
and distributing mission critical data to government agencies and businesses    
using private networks, the Internet or wireless services. Printrak technology  
also provides the positive identification infrastructure necessary to reduce    
fraud and enhance data exchange. The company's systems serve national, state,   
county and municipal agencies in 36 countries.                                  
http://www.printrakinternational.com                                            

About Motorola                                            

           Motorola, Inc. (NYSE: MOT - NEWS) is a global leader in
providing integrated communications solutions and embedded electronic solutions.
These include:                                                                  

                     --    communications products and systems, as well as
                        networking and Internet-access products, for
                         consumers, network operators, and commercial,
                government and industrial customers.

                      --    Digital and analog systems and set-top terminals
                     for broadband cable television operators.

                       --    Embedded semiconductor solutions for customers in
                         the networking and computing, transportation,
                   wireless communications and imaging and
     entertainment industries.

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                 --    Embedded electronic systems for automotive,
                           communications, imaging, manufacturing systems,
                      computer, consumer and industrial markets.

Sales in 1999 were $33.1 billion. http://www.motorola.com     
SOURCE: MOTOROLA INC.