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APT

Alpha Pro Tech

$12.41 /

+2.5 (+25.23%)

07:57
02/27/20
02/27
07:57
02/27/20
07:57

Alpha Pro Tech books approx. $14.1M orders for N-95 face mask

Alpha Pro Tech announced an update to the status of orders booked for APT's proprietary N-95 Particulate Respirator face mask. As previously reported, over the last month, APT has ramped up production of the company's N-95 face mask, which is manufactured by APT in the United States with material sourced domestically, in response to a significant increase in customer demand resulting from the outbreak of the coronavirus. APT has now booked approximately $14.1 million in orders for the company's N-95 face mask since January 27, 2020, an increase of $3.6 million from the $10.4 million reported as of February 13, 2020, and demand for the product remains strong. As a result of the ramp up in production, the company now expects to fulfill approximately $4.0 million of the currently booked orders in the first quarter of 2020. During the second quarter of 2020, APT expects to fulfill the remainder of the $14.1 million in currently booked orders. Furthermore, APT also expects to fulfill anticipated additional new purchase orders during the second quarter. The company's current ramp up plan is expected to be achieved by early May, which will enable the company to continue to fulfill current and expected future orders.

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