The Company is a technology-based developer and manufacturer of diversified
lines of products and 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.
The Company is a corporation that was organized under the laws of the State
of Delaware on November 24, 1969. Our operations are conducted through ADM Tronics
Unlimited, Inc. ("ADM") and its subsidiary Sonotron Medical Systems,
Inc. ("SMI").
ELECTRONICS FOR MEDICAL DEVICES AND OTHER APPLICATIONS
We develop and manufacture electronic technologies for non-invasive, electrotherapeutic
and diagnostic medical devices as well as for veterinary and other applications.
The products are manufactured at our Northvale facility which is an FDA-Registered
Medical Device Manufacturing facility. We develop and manufacture our 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.
SONOTRON TECHNOLOGY
SMI, a majority-owned subsidiary of ADM, has developed a technology, known as
the Sonotron Technology, to treat subjects suffering from the pain of inflammatory
joint conditions. Although some of the devices utilizing this technology are
commercially available for the treatment of animals, none of such devices have
received clearance from the U.S. Food and Drug Administration (the "FDA")
for human application in the United States. Pursuant to a manufacturing agreement,
the Company is the exclusive manufacturer of the Sonotron devices. The Sonotron
Technology is the subject of a United States patent (the "Sonotron Patent"),
which expired in April 2016.
We develop, manufacture and sell chemical products to industrial users. Such
products consist primarily of the following:
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. Our
water-based primers and adhesives are similar in function to solvent-based primers
that are widely used to bind plastic films, papers and foils. Solvent-based
systems have come under criticism since they have been found to be highly pollutant,
dangerous to health and generally caustic in nature. Based upon our experience
since 1969, including information furnished to us by certain of our customers,
we believe that water-based systems have no known polluting effects and pose
no known health hazards. There can, of course, be no assurance that any governmental
restrictions will not be imposed on our water-based products or that such products
will be accepted as replacements for solvent based products.
Water-based coatings and resins for the printing industry are used to impart
properties to the printed substrate. Our 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 our 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.
Through Anti-Static Industries, the assets of which were acquired in July 2009,
we now develop and manufacture a full-line of anti-static products for commercial
and industrial use through a division of our company that we refer 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.
None of our chemical products are protected by patents, although the names of
some of such products have been protected by trademarks. We do not believe that
any such trademarks are material to our business.
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.
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