APT stock is likely going to run higher as the number of infections of the deadly coronavirus crossed above 40,000 on February 9, 2020.
The coronavirus has created a global shortage of N95 masks and Alpha Pro Tech (APT) is ramping up its production of masks.
On February 3, 2020, Alpha Pro Tech, Ltd. (NYSE American: APT) announced that the company is exponentially ramping up production of its N-95 Particulate Respirator face mask in response to a significant increase in customer demand and level of orders resulting from the outbreak of the novel Wuhan coronavirus (2019-nCoV) and the declaration by the World Health Organization of the outbreak as a “public health emergency of international concern.”
Lloyd Hoffman, President and Chief Executive officer of Alpha Pro Tech, commented, “Alpha Pro Tech has commenced additional N-95 Particulate Respirator face mask production at its Salt Lake City, Utah facility, and we anticipate further production line increases in early February. Management is committed to increasing our manufacturing efforts to meet this unprecedented demand for N-95 face masks and helping communities around the world as they address this outbreak.”
Hoffman continued, “In addition to N-95 face masks, demand for face shields and other personal protective equipment (PPE) products is increasing. The company is monitoring inventory levels across our full line of PPE products and will take appropriate steps to increase production to respond to consumer demand.”
The Alpha Pro Tech N-95 Particulate Respirator face mask’s unique flat-fold design features a Positive Facial Lock® (PFL®) and meets the Centers for Disease Control and Prevention’s (CDC) and National Institute for Occupational Safety and Health’s (NIOSH) recommended protection levels for many airborne contaminants. The N-95 face mask filters at least 95% of airborne particles. The integrated Magic Arch® technology creates a comfortable breathing chamber within the N-95 face mask by holding it away from the wearer’s nose and mouth.
Demand is so much greater than supply, Alpha Pro Tech can literally print money here like a government. As fast as they can produce a N95 mask, it’s sold. The company stands to make millions over the next quarter if they can successfully ramp up production quickly enough.