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ADMT • CIK 0000849401
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 organized under the laws of the State of Delaware on November 24, 1969. The Company's operations are conducted through ADM Tronics Unlimited, Inc. ("ADM"). Sonotron Medical Systems, Inc. ("SMI"), a former wholly owned subsidiary of ADM, had been inactive for several years and was dissolved during the fiscal year ended March 31, 2026. The dissolution of SMI had no material impact on the Company's operations, financial position, or results of operations. COMPANY PRODUCTS AND SERVICES 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. As of March 31, 2026, we had approximately $956,000 of back-log for electronic product orders. ENVIRONMENTALLY SAFE CHEMICAL PRODUCTS FOR INDUSTRIAL USES 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 its Antistatic Industries division, the Company develops, manufactures, and distributes conductive and antistatic products for commercial and industrial applications. Antistatic Industries' product offerings include conductive paints and coatings, hoses, garments, floor mats, rugs, tapes, hook-and-loop fasteners, adhesive products, and other specialty items designed to control or dissipate static electricity. These products are utilized by customers in a variety of industries, including electronics, computer, pharmaceutical, and chemical manufacturing, where the control of static electricity is important for personnel safety, equipment protection, product quality, and operational efficiency. Antistatic Industries also develops proprietary low-volatile organic compound ("VOC") conductive and antistatic paint and coating formulations that provide alternatives to traditional solvent-based products.…