Alpha Pro Tech, Ltd. Announces Substantial Increase in October Orders
November 06 2014 - 4:00PM
Business Wire
Increase Driven Predominantly by our
Infection Control Products relating to the Ebola Crisis
Alpha Pro Tech, Ltd. (NYSE MKT: APT), a leading
manufacturer of products designed to protect people, products and
environments, including disposable protective apparel and building
products, today announced a significant increase in orders of the
company’s infection control and disposable protective apparel
products during the month of October.
Al Millar, President of Alpha Pro Tech, commented, “New orders
for the month of October were higher by $1 million compared to
historical levels. The increased interest in our N-95 respirator
mask, shields and coverall suits was converted to purchase orders
in hand during the month of October, with the trend continuing
through early November. We believe that we are seeing a real and
tangible impact to our business from the aggressive efforts being
undertaken to mitigate the transmission of the deadly Ebola virus.
Now that the threat of the virus has crossed our domestic borders,
widespread precautions are being taken to contain its spread.”
“With significant excess production capacity in our infection
control products, our team is stepping up our manufacturing
operations to increase output and fulfill the increase in customer
orders,” continued Mr. Millar. “As we accelerate production levels
to meet our delivery commitments, we are able to take advantage of
our strong operating leverage within our infrastructure, increasing
the contribution margin from this incremental revenue. We have
quoted additional business opportunities, which could lead to a
substantial increase in our infection control product orders,
although we make no assurances that elevated orders will continue,
as it is challenging to forecast the future needs and demands of
personal protective equipment for the preparedness of the Ebola or
any other infectious disease epidemic.”
With its strong balance sheet and working capital position, the
Company believes that it is in a position to self-finance any
additional business or manufacturing expansion needs that could
arise in connection with further increased demand due to Ebola
concerns or due to the flu season, during which time individuals
can have similar symptoms to those associated with the Ebola
virus.
About Alpha Pro Tech, Ltd.
Alpha Pro Tech, Ltd. is the parent company of Alpha Pro Tech,
Inc. and Alpha ProTech Engineered Products, Inc. Alpha Pro Tech,
Inc. develops, manufactures and markets innovative disposable and
limited-use protective apparel products for the industrial, clean
room, medical and dental markets. Alpha ProTech Engineered
Products, Inc. manufactures and markets a line of construction
weatherization products, including building wrap and roof
underlayment. The Company has manufacturing facilities in Salt Lake
City, Utah; Nogales, Arizona; Valdosta, Georgia; and a joint
venture in India. For more information and copies of all news
releases and financials, visit Alpha Pro Tech's Website at
http://www.alphaprotech.com.
Certain statements made in this press release constitute
“forward-looking statements” within the meaning of the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include any statement that may predict,
forecast, indicate or imply future results, performance or
achievements instead of historical facts and may be identified
generally by the use of forward-looking terminology and words such
as “expects,” “anticipates,” “estimates,” “believes,” “predicts,”
“intends,” “plans,” “potentially,” “may,” “continue,” “should,”
“will” and words of similar meaning. Without limiting the
generality of the preceding statement, all statements in this press
release relating to estimated and projected earnings, margins,
costs, expenditures, cash flows, sources of capital, growth rates
and future financial and operating results are forward-looking
statements. We caution investors that any such forward-looking
statements are only estimates based on current information and
involve risks and uncertainties that may cause actual results to
differ materially from the results contained in the forward-looking
statements. We cannot give assurances that any such statements will
prove to be correct. Factors that could cause actual results to
differ materially from those estimated by us include the risks,
uncertainties and assumptions described from time to time in our
public releases and reports filed with the Securities and Exchange
Commission, including, but not limited to, our most recent Annual
Report on Form 10-K. We also caution investors that the
forward-looking information described herein represents our outlook
only as of this date, and we undertake no obligation to update or
revise any forward-looking statements to reflect events or
developments after the date of this press release. Given these
uncertainties, investors should not place undue reliance on
forward-looking statements as a prediction of actual results.
Company Contact:Alpha Pro Tech,
Ltd.Al Millar/Donna Millar,
905-479-0654ir@alphaprotech.comorInvestor
Relations Contact:Hayden IRCameron Donahue,
651-653-1854cameron@haydenir.com
Alpha Pro Tech (AMEX:APT)
Historical Stock Chart
From Aug 2024 to Sep 2024
Alpha Pro Tech (AMEX:APT)
Historical Stock Chart
From Sep 2023 to Sep 2024