An Update From the President and CEO of Angstrom Technologies
February 6th, 2017
Welcome to our First Quarter Update of 2017. We will continue to post an Angstrom News Update at the end of each quarter throughout the 2017 fiscal year. Our fiscal year begins November 1 and ends October 31.
In the first update of 2004, we affirmed Angstrom's three core beliefs. They are:
- Responsiveness - to internal and external customers
- Respect for the Individual - internal and external
- Return to Shareholders
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 updated website at www.angtech.com.
Our First Quarter 2017 results were higher compared to First Quarter of 2016. Business grew slightly domestically and overseas long term customers increased as well. We do not know if the trend will continue into 2nd Quarter 2017. However, we believe that 2nd Quarter 2017 may increase very slightly over 2nd Quarter 2016. We continue working to securing new government business and commercial business to expand and maintain our markets.
Angstrom continues to develop new UV chemical technologies for specialized high security applications.
Our security technology with our partner/customer resulted in flat revenue during First 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-May and it will provide our Second Quarter results for fiscal year 2017.
President & CEO