An Update from the President and CEO of Angstrom Technologies
February 11th, 2019
Welcome to our First Quarter Update of 2019. 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.
Over the last several months, we have been updating our website at www.angtech.com.
The new website is easier to use, works better on multiple platforms/devices and provides a better experience when reviewing our products and services.
To find our Shareholder letter on the new website: On the navigation bar, click or hover the cursor on “About” and then click on “News and Upcoming Events” on the menu that appears. On the “News and Upcoming Events” page, the Shareholder Update will appear under the timeline.
Results for our 1st Quarter 2019 were far better compared to the First Quarter of 2018. Business grew slightly both domestically and overseas for this Quarter compared to the 1st Quarter of 2018. We believe the 2nd Quarter of 2019 will also be higher compared to 2018 and revert to normal revenue levels. So far in 2019, our industry overall has witnessed a return of normal to slightly higher revenue levels worldwide.
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 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-May and it will provide our 2nd Quarter results for 2019.
President & CEO