$0.08
$0.00 (0.00%)
End-of-day quote: 05/15/2024
OTCPK:ADMT

ADM Tronics Unlimited Profile

ADM Tronics Unlimited, Inc. operates as a technology-based developer and manufacturer of diversified lines of products.

The company derives revenue from the production and sale of electronics for medical devices and other applications; environmentally safe chemical products for industrial, medical and cosmetic uses; and research, development, regulatory and engineering services.

Products and Services

Electronics for Medical Devices and Other Applications

The company develops and manufactures electronic technologies for non-invasive, electrotherapeutic and diagnostic medical devices, as well as for veterinary and other applications. The products are manufactured at its Northvale facility, which is an FDA-Registered Medical Device Manufacturing facility. The company develops and manufactures its own proprietary products, as well as on a contract basis for other companies.

Contract Manufacturing

The company derives revenues from contract manufacturing of electronic medical and other devices from non-affiliated customers.

Environmentally Safe Chemical Products for Industrial Uses

The company develops, manufactures and sells chemical products to industrial users. Such products consist primarily of water-based primers and adhesives; water-based coatings and resins; water-based chemical additives; and anti-static conductive paints, coating and other products.

Water-based primers and adhesives are chemical compounds used to bind different plastic films, metal foils and papers. Examples are the binding of polyethylene to polyester, nylon, vinyl, aluminum, polypropylene, paper and cellophane. The company’s water-based primers and adhesives are similar in function to solvent-based primers that are widely used to bind plastic films, papers and foils.

Water-based coatings and resins for the printing industry are used to impart properties to the printed substrate. The company’s coatings and resins can be used to coat printed material for glossy or aesthetic appeal to make such material virtually impervious to certain types of grease and to impart other characteristics required or desired for various products and specifications.

Certain of the company’s water-based chemical additives are used to impart properties to inks and other chemical products used in the food packaging and printing industries. These additives are used for their ability to improve the performance of such products.

The company, through Anti-Static Industries, develops and manufactures a full line of anti-static products for commercial and industrial use through a division of the company that it refers to as ‘Antistatic Industries’. Antistatic Industries develops and distributes proprietary conductive paints, coatings and other products and accessories, which can be used by electronics, computer, pharmaceutical and chemical companies to prevent, reduce or eliminate static electricity. Many industries are concerned with static electricity as it can be hazardous to personnel and damage corporate facilities, computers, electronic equipment and valuable parts. Antistatic Industries has a wide range of products, including paints, hoses, garments, floor mats, rugs, strapping, tapes, hook-and-loop, adhesive products and many other specialized items, all with conductive properties. Antistatic Industries has also pioneered low volatile organic compound conductive and antistatic paint and coating formulations that can be used as replacements for paints and coatings made from hazardous solvents. Antistatic Industries seeks to continually develop new products through research and development for new and current customers to aid in their quest for maximum protection with less waste and rejects in their manufacturing processes by reducing or eliminating static electricity.

Medical and Cosmetic Products

The company has developed several medical and cosmetic topical products. The company’s proprietary water-based, adhesive and related topical formulations are used for maxillofacial prosthetic medical applications and for professional makeup applications primarily for special makeup effects for film, TV and theatrical productions.

Research, Development, Regulatory and Engineering Services

The company provides research, development, regulatory and engineering services to unaffiliated customers for the design, development and manufacturing of medical devices, electronics and other technologies and products (the ‘Engineering Services’). The Engineering Services are provided by the company to customers both on a fee-for-services basis and on a project basis.

Marketing and Distribution

A majority of the company’s product sales are distributed to customers directly from its headquarters in Northvale, New Jersey. Customers place purchase orders with the company and products are then shipped via common carrier delivery on a ‘FOB shipping point’ basis. A portion of the sales are accomplished through distributors who place purchase orders with the company for certain quantities of its products, which are shipped by common carrier to the distributor's respective warehouses. These stocking distributors then ship product to the ultimate customer via common carrier from their inventory of its products. The company’s contract manufacturing customers place orders with it for certain quantities of their products they desire to have the company manufacture, typically providing a deposit with each order. Engineering Services are provided through written agreements with customers both on a fee-for-services basis and a project basis.

Research and Development

During the year ended March 31, 2021, research and development expenses with respect to company-sponsored research and development activities were $561,982.

History

ADM Tronics Unlimited, Inc. was founded under the laws of the state of Delaware in 1969. The company was incorporated in 1969.

Country
Industry:
Electromedical and Electrotherapeutic Apparatus
Founded:
1969
IPO Date:
02/15/1979
ISIN Number:
I_US0010041004

Contact Details

Address:
224 Pegasus Avenue, Northvale, New Jersey, 07647, United States
Phone Number
201 767 6040

Key Executives

CEO:
DiMino, Andre'
CFO
DiMino, Andre'
COO:
Data Unavailable