An Update from the President and CEO of Angstrom Technologies
November 12th, 2018
Welcome to our 4th Quarter Update of 2018. We will continue to post an Angstrom News Update at the end of each quarter during every fiscal year. Our fiscal year is November 1st through October 31st.
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 as needed, dependent on process efficiency and product quality. We encourage you to continue to view our updated website at www.angtech.com.
Results for our 4th Quarter were much lower compared to the 4th Quarter of 2017. Business was flat domestically and lower overseas for this Quarter compared to the 4th Quarter of 2017. We believe the 1st Quarter 2019 will be higher compared to 2018 and revert to normal revenue levels. Overall, our industry has witnessed lower revenue worldwide in 2018. We continue to work towards securing new government 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 a slight increase in revenue for the 4th Quarter. Our partner/customer has continued to request that the announcement of this technology product 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-February and it will provide our 1st Quarter results for 2019.
President & CEO