An Update from the President and CEO of Angstrom Technologies
August 7th, 2019
Welcome to our Third 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.
We have updated our website at www.angtech.com. The new website is easier to use, works 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 “Upcoming Events” timeline.
Results for our 3rd Quarter 2019 were less compared to the Third Quarter of 2018. Business was down domestically and overseas for this Quarter compared to the 3nd Quarter of 2018. The first two quarters in 2019 our industry witnessed a return of normal to higher revenue levels worldwide. However, Third Quarter retracted rather than an expected increase. We believe 4th Quarter of 2019 will track higher compared to 2018 and to normal revenue levels.
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-November and it will provide our 4rd Quarter results for 2019.
President & CEO