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.
Copyright Business Wire 2014