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ODETICS ANNOUNCES COMPLETION OF PUBLIC OFFERING

 ANAHEIM, Calif., Oct. 15 /PRNewswire/ -- Odetics (AMEX: OA & OB) today announced that it has completed its previously announced public offering of 1,000,000 shares of Class A Common Stock, excluding 150,000 shares that remain subject to the underwriters' over-allotment option. The net proceeds of the offering were approximately $8,556,000.
 The company anticipates that at least $3,500,000 of the net proceeds of the offering will be used to fund anticipated future growth of ATL Products Inc., a wholly owned subsidiary. The net proceeds of the offering not utilized in ATL Products' business and operations will be used for the company's other working capital and general corporate purposes.
 Odetics specializes in the design and manufacture of systems and subsystems that automate the storage, distribution and management of information.
 -0- 10/15/93
 /CONTACT: Holly L. Barnett of Odetics, 714-774-5000/
 (OA OB)


CO: Odetics ST: California IN: TLS CPR SU: OFR

JL-EH -- LA021 -- 2826 10/15/93 14:57 EDT
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Publication:PR Newswire
Date:Oct 15, 1993
Words:163
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