Alpha Pro Tech, Ltd. Announces the Launch of Three New Products Expanding Building Supply Market Opportunity
April 04 2019 - 8:00AM
Alpha Pro Tech, Ltd. (NYSE American: APT), a leading manufacturer
of products designed to protect people, products and environments,
including disposable protective apparel and building products,
today announced the launch of new building supply products: TECHNO
SB® 25 and TECHNO SB® ULTRA synthetic roof underlayment, as well as
REXTREME Premium window and door flashing. The two new TECHNO
family products are expected to significantly expand the Company’s
opportunity to gain market share in the synthetic roof underlayment
market, and the products round out the Company’s portfolio in this
market, which has shifted to spunbond based (SB) products. The
REXTREME Premium Window and Door Flashing adds a completely new
potential revenue stream for the Company, which is expected to
drive incremental revenue on top of the Company’s housewrap sales.
REXTREME allows the Company to offer a complete sidewall
weatherization system to builders, which system will include an
industry-leading Limited Lifetime Product and Labor Warranty.
Lloyd Hoffman, President and Chief Executive
Officer of Alpha Pro Tech, commented, “We continue to innovate and
develop new product offerings to address market trends and to take
advantage of opportunities to expand our product portfolio.
Due to the shift in the synthetic roof underlayment market, in
which non-woven spunbond layered products have outpaced the
traditional synthetic woven underlayment, we have launched two new
product offerings, TECHNO SB® 25 and TECHNO SB® ULTRA. TECHNO
SB® 25 will target the economy end of the market, which accounts
for a significant portion of the market, with TECHNO SB® ULTRA
addressing the premium end of the market. TECHNO SB® 25 offers a 25
year warranty, and TECHNO SB® ULTRA comes with a lifetime warranty.
We believe that Alpha Pro Tech is now positioned to address all
segments of the spunbond synthetic roof underlayment market,
significantly expanding our market opportunity in this product
category. These products will launch early in the second quarter of
2019, and we have already had encouraging initial customer
interest.”
Mr. Hoffman continued, “Our new REXTREME Premium
Window and Door Flashing will be a critical component to Alpha Pro
Tech’s housewrap systems and the warranties that we offer.
Installers will be required to use our REXTREME product in
conjunction with our housewrap products in order to be eligible for
our full, industry leading warranty programs, which will drive
market opportunities and encourage higher quality installs.
REXTREME will be available for distribution by mid-second quarter
of 2019. We now have a complete sidewall weatherization system and,
as a result, anticipate a material increase in housewrap system
sales.”
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,
new or expanded products or product lines and the success of such
products or product lines, 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.
Company Contact:
Alpha Pro Tech, Ltd.
Donna Millar
905-479-0654
e-mail: ir@alphaprotech.com
Investor Relations Contact:
Hayden IR
Cameron Donahue
651-653-1854
e-mail: cameron@haydenir.com
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