News


An Update from the President and CEO of Angstrom Technologies
August 13th, 2018

Welcome to our Third Quarter Update of 2018. We will continue to post an Angstrom News Update at the end of each quarter throughout the 2018 fiscal year. Our fiscal year begins November 1st and ends October 31st.

In the first update of 2004, we affirmed Angstrom's three core beliefs. They are:

  1. Responsiveness - to internal and external customers
  2. Respect for the Individual - internal and external
  3. Return to Shareholders
Company News

Angstrom purchased its own facility in 2009 and completed construction upgrades to the facility. We continue upgrading equipment needs dependent on product efficiency and quality. We encourage you to continue to view our website at www.angtech.com.

Revenue

Our Third Quarter 2018 results were flat compared to the Third Quarter of 2018. Business was higher domestically and overseas for the quarter, compared to the previous two quarters of 2018. We believe the 4th Quarter of 2018 will be lower compared to 2017 and revert to lower revenue as experienced in the First and Second Quarter of 2018. Our industry overall has witnessed lower revenue worldwide in 2018. We continue to work towards securing new government and commercial business to expand and maintain our markets.

Product News

Angstrom continues to develop new UV chemical technologies for specialized high security applications. Our security technology with our partner/customer did not result in any increase in revenue during Third Quarter. Our partner/customer has continued to request the announcement of this technology product to be delayed to the public until significant market penetration is developed to secure current and future opportunities.

We will post our next news update on our website in early to mid-November and it will provide both our Fourth Quarter and fiscal yearend results for 2018.

Sincerely,
Tony Petrucci

President & CEO
Angstrom Technologies