Alpha Pro Tech: Rises as orders for face masks, shields surge

Alpha Pro Tech

08/04/2020 13:20

** Face mask maker's shares  APT.A  rise 21.8% to $15
premarket after co reports a jump in orders for its face masks
and shields from its last update on March 11
    ** Coronavirus has led to countries desperately trying to
build up supplies of much-needed equipment like N-95 masks for
their healthcare workers  urn:newsml:reuters.com:*:nL8N2BR5O2
    ** Company has booked orders worth $36.7 mln for its N-95
masks since Jan 27, compared with its last update of $22.6 mln
in orders on March 11  urn:newsml:reuters.com:*:nGNXBKxWF
    ** Says orders for its face shields has also jumped to $11.6
million, up from the $1.6 million reported on March 11 
    ** APT has fulfilled $3.7 mln in orders for its masks in Q1,
slightly below its forecast of $4 mln, due to an earthquake in
Utah impacting its manufacturing facility 
    ** Company expects the first phase of its plan to ramp up
mask manufacturing to be completed by early May 
    ** Stock had more than tripled YTD 

 (Reporting by Manas Mishra in Bengaluru)
 ((Manas.Mishra@thomsonreuters.com;
www.twitter.com/Manasmishra24; within U.S. +1 646 223 8780,
outside U.S. +91 806749 2709;))