NORTHVALE, N.J., April 21, 2015 /PRNewswire/ -- ADM Tronics Unlimited, Inc. (OTCQB: ADMT) is again expanding due to increased demand from customers for medical device design and development project activities and orders. As announced in September of 2014, the Company's initial expansion followed the near doubling of ADMT's revenues for the first quarter, ended June 30, 2014 of the fiscal year ended March 31, 2015, as compared to the same quarter of the previous year. That expansion included the addition of engineering staff and the acquisition of additional rapid 3D prototyping and other equipment.
The increasing trend in revenues continued, marking over an 80% increase in revenues for the nine months ended December 31, 2014 as compared to the same period of the previous year. This second expansion involves the conversion of warehouse space in its current facility, into new engineering and manufacturing areas as well as the acquisition of additional engineering instrumentation and equipment.
"This past year constituted an extremely positive turnaround for our Company," stated Andre' DiMino, President of ADMT. "This latest expansion will allow us to, not only accept more client projects, but also further development efforts on our own proprietary technologies, simultaneously."
ADMT specializes in electronic medical device design, development and manufacturing for diagnostic and therapeutic medical technologies at its FDA-Registered Medical Device Manufacturing Facility. The Company is a one-stop source for complete design, engineering, regulatory and manufacturing services, specifically related to medical devices. Its capability of bringing a medical device from the conceptual stage, through design, development and regulatory stages, into production, all in-house, differentiates ADMT from firms supplying only portions of those services.
In addition to engineering, regulatory and manufacturing services for both partners and clients, ADMT has a number of proprietary medical devices. These devices, conceived, designed and produced in-house include therapeutic and diagnostic medical technologies in fields as diverse as audiology, physical medicine, wound therapy, neurology and urology. For more information visit the Company's websites - admtronics.com and concepttoquantity.com.
ADMT is a diversified, technology-based developer and manufacturer of innovative technologies and products. Its core competency is its ability to conceptualize a technology, bring it through development, into manufacturing and commercialization, all in-house. ADMT has three Business Segments: Proprietary Electronic Medical Devices; Eco-Friendly, Safe, Water-Based Formulations; and, Design, Engineering, Regulatory and Manufacturing Services. The Company's headquarters, laboratories, medical device and manufacturing operations are located in Northvale, New Jersey. ADMT's multi-disciplinary team of engineers, researchers and technologists utilize advanced technology infrastructure, such as 3D solid prototyping, precision instrumentation and specialized software and peripherals for research, development and commercialization of diversified technologies.
Except for historical information contained herein, the matters set forth in this news release are "forward looking" statements (as defined in the Private Securities Litigation Reform Act of 1995). Although ADMT believes the expectations reflected in such forward looking statements are based upon reasonable assumptions, there can be no assurance that its expectations will be realized. Forward looking statements involve risks and uncertainties that could cause actual results to differ materially from expectations. Factors that could contribute to such differences include those described from time to time in ADMT's filings with the SEC, news releases and other communications.
SOURCE ADM Tronics Unlimited, Inc.