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Advanced Container Technologies Inc   (ACOL)
Other Ticker:  
 
    Sector  Healthcare    Industry Medical Laboratories
   Industry Medical Laboratories
   Sector  Healthcare
 

Advanced Container Technologies Inc 's Suppliers Performance

ACOL's Supply Chain

 
ACOL Costs vs Sales of Suppliers Growth Advanced Container Technologies Inc 's Suppliers realized sales deteriorated by -4.25 % compare to the same quarter a year ago, from the previous quarter, sales fell by -10.21 %, Advanced Container Technologies Inc 's cost of sales deteriorated by % year on year, compare to one quarter ago cost of sales fell by -8.5 % in Q3.

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Advanced Container Technologies Inc 's Suppliers realized sales deteriorated by -4.25 % compare to the same quarter a year ago, from the previous quarter, sales fell by -10.21 %, Advanced Container Technologies Inc 's cost of sales deteriorated by 0 % year on year, compare to one quarter ago cost of sales fell by -8.5 % in Q3.

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Advanced Container Technologies Inc 's Comment on Supply Chain


We do not manufacture, and for the foreseeable future do not plan to manufacture, our products.

We acquire our Medtainer® products from Polymation Medical Products, LLC (“Polymation”), a pharmaceutical container manufacturer located in Newbury Park, California, under an agreement that we entered into with Polymation on August 13, 2013. The agreement has an initial term of 10 years and is extendible for a like term by mutual consent. Under this agreement, we have the exclusive worldwide right to purchase, promote, advertise, market, distribute and resell the Medtainer®, with respect to which the owner of Polymation holds a patent. The agreement requires minimum purchases (see the following paragraphs), and sets prices for the products that we purchase, subject to increase because of changes in the local consumer-price index and increases in Polymation’s cost of materials, rent and utilities. Polymation is currently unable to meet our requirement of 45,000 units per month because it does not have sufficient production capacity to meet it. Polymation was earlier a significant number of units short of the units that we ordered, and was in default under our agreement with it, but is now current; we have waived the default. We are discussing with Polymation ways in which it can meet our needs for its products. We presently have no other suppliers for containers, but may seek them out in connection with the manufacture of containers other than Medtainers®.

Under the agreement with Polymation, we were initially required to purchase at least 30,000 units per month, with that requirement increasing by 10% on each anniversary of the effective date of the agreement. We are now required to purchase at least 36,300 units per month.

Also, under this agreement, (i) we assigned the registered trademark “Medtainer” to Polymation, (ii) we received an exclusive license to use that trademark, (iii) we received a right of first refusal to acquire Polymation’s business on the same terms offered by a bona fide, arm’s-length, third-party buyer with a 50% discount from the price offered by such buyer, and (iv) we agreed that, in the event that D&C (or its successor, assignee or affiliate) were to form a new corporation for the purpose of selling the products that we acquire under the agreement, D&C would cause such corporation issue to the owner of Polymation one percent of such corporation’s authorized preferred and voting shares.

There are numerous manufacturers of our other products and none of the present suppliers of them is material to our business.

Advanced Container Technologies Inc 's Comment on Supply Chain


We do not manufacture, and for the foreseeable future do not plan to manufacture, our products.

We acquire our Medtainer® products from Polymation Medical Products, LLC (“Polymation”), a pharmaceutical container manufacturer located in Newbury Park, California, under an agreement that we entered into with Polymation on August 13, 2013. The agreement has an initial term of 10 years and is extendible for a like term by mutual consent. Under this agreement, we have the exclusive worldwide right to purchase, promote, advertise, market, distribute and resell the Medtainer®, with respect to which the owner of Polymation holds a patent. The agreement requires minimum purchases (see the following paragraphs), and sets prices for the products that we purchase, subject to increase because of changes in the local consumer-price index and increases in Polymation’s cost of materials, rent and utilities. Polymation is currently unable to meet our requirement of 45,000 units per month because it does not have sufficient production capacity to meet it. Polymation was earlier a significant number of units short of the units that we ordered, and was in default under our agreement with it, but is now current; we have waived the default. We are discussing with Polymation ways in which it can meet our needs for its products. We presently have no other suppliers for containers, but may seek them out in connection with the manufacture of containers other than Medtainers®.

Under the agreement with Polymation, we were initially required to purchase at least 30,000 units per month, with that requirement increasing by 10% on each anniversary of the effective date of the agreement. We are now required to purchase at least 36,300 units per month.

Also, under this agreement, (i) we assigned the registered trademark “Medtainer” to Polymation, (ii) we received an exclusive license to use that trademark, (iii) we received a right of first refusal to acquire Polymation’s business on the same terms offered by a bona fide, arm’s-length, third-party buyer with a 50% discount from the price offered by such buyer, and (iv) we agreed that, in the event that D&C (or its successor, assignee or affiliate) were to form a new corporation for the purpose of selling the products that we acquire under the agreement, D&C would cause such corporation issue to the owner of Polymation one percent of such corporation’s authorized preferred and voting shares.

There are numerous manufacturers of our other products and none of the present suppliers of them is material to our business.


ACOL's Suppliers Net profit fell by ACOL's Suppliers Net margin fell in Q3 to
-53.37 % 5.13 %


Advanced Container Technologies Inc 's Suppliers Sales Growth in Q3 2022 by Industry

Suppliers in Chemical Manufacturing Industry      17.42 %
Suppliers in Chemicals - Plastics & Rubber Industry -5.8 %   
     
• ACOL Suppliers Valuation • ACOL Segment Rev. Growth • ACOL Segment Inc. Growth • ACOL Suppliers Mgmt. Effect.





ACOL's vs. Suppliers, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME MARKET CAP REVENUES INCOME EMPLOYEES
Advanced Container Technologies Inc 0.77 4.81 -1.22 22
Eastman Chemical Co 10,647.57 10,901.00 1,174.00 14,500
Ferro Corporation 1,914.77 1,126.26 150.54 4,846
Findex Com Inc 3.98 0.70 1.18 7
Axiom Corp. 0.00 0.00 0.00 6
Axalta Coating Systems Ltd 5,968.11 4,784.90 201.70 13,000
Bioamber Inc. 0.67 14.94 -102.19 86
Momentive Performance Materials Inc. 1,560.49 2,331.00 0.00 4,900
Ingevity Corporation 2,946.31 1,620.70 225.30 1,500
Dow Inc 36,673.37 59,407.00 5,754.00 35,700
Advansix Inc 1,185.34 1,968.59 161.85 1,340
Schulman A Inc 1,306.23 2,693.61 35.59 4,800
Avient Corporation 3,196.04 4,621.00 187.40 0
Trinseo Plc 868.38 5,259.60 27.40 2,197
Vystar Corporation 2.98 15.60 -4.21 1
Unifi Inc 156.15 761.37 15.19 3,000
SUBTOTAL 66,430.39 95,506.27 7,827.76 85,883
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