News
An Update From the President and CEO of Angstrom Technologies
May 8th, 2013
Welcome to the Second Quarter 2013 update. We will continue to post an Angstrom News Update at the end of each quarter throughout the 2013 fiscal year. Our fiscal year begins November 1 and ends October 31.
In the first update of 2004, I reaffirmed Angstrom's three core beliefs. For those of you new to Angstrom they are:
- Responsiveness - to internal and external customers
- Respect for the Individual - internal and external
- Return to Shareholders
Company News
Angstrom purchased its own facility in 2009. We have completed our construction upgrade of the facility. Equipment testing continues. We encourage you to continue to view our updated website at www.angtech.com.
Revenue
Our Second Quarter resulted with a decrease compared to Second Quarter 2012. Third Quarter may be slightly more than last year or flat. We continue working to secure government business and commercial business to expand and maintain our markets.
Product News
Angstrom continues to develop new UV chemical technologies for specialized high security applications.
Modifications on a new developmental detector resulted in delaying the release of the product. We will promote the product once the modifications meet the revised customer specifications.
Our security technology has maintained revenues. Our partner/customer and Angstrom will continue to delay the announcement of this technology product 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 August and it will provide our Third Quarter results for fiscal year 2013.
Sincerely,
Tony Petrucci
President & CEO
Angstrom Technologies