LITTLE RIVER, S.C., May 29, 2018 (GLOBE NEWSWIRE) -- PCT LTD (OTC Pink:PCTL), a leader in environmentally safe technologies and cleaning and disinfecting products, recently announced that it is increasing production capacity in response to expected demand for its Annihilyzer® Infection Control Systems and Large Volume Systems.
In the past year, PCT has completely redesigned its production facility in Little River, SC. and reengineered its production processes and equipment. The final steps in the facility upgrade will soon be completed with improvements in plumbing, electrical, and warehousing. The Little River facility houses our current management, financial operations, and R&D department along with our production and testing for the large volume systems for use in Agriculture and Oil & Gas markets. Final assembly, testing, and staging for the Annihilyzer® Infection Control System is also performed at this facility. Current sustainable single shift capacity of the facility is 20 to 25 units per month, which can be increased to 40 to 50 units per month with additional production personnel and shifts.
“Given the high and increasing level of interest in our product it was important to accelerate our production capabilities to meet anticipated demand. We expect to deliver hundreds of units over the next twelve to eighteen months and our ability to handle this demand is critical. Our production plans include maintaining an inventory of ready-to-ship systems sufficient to promptly fulfill orders anticipated over the coming 30 days. Current capacity with provision for additional production will satisfy our 'no backorders' target for the foreseeable future,” commented Gary Grieco, CEO PCT LTD.
PCT has also grown and strengthened its relationship with its cabinet design and station manufacturing partner in Fort Wayne, Indiana. PCT’s Partner has been responsible for assisting with the design and manufacture of the Annihilyzer® Infection Control Systems’ cabinetry and enclosures, cabinet design for the Automated Electrostatic Spray Cart, and final assembly of the Annihilyzer® Infection Control System station. PCT’s Partner also has the onsite manufacturing capacity to build and stage our generator systems which provides reserve and redundant production capacity should it be required.
About PCT
PCT LTD has focused its business on sustainable, environmentally safe technologies and products. The company acquires and holds rights to innovative products and technologies, which are commercialized through operating subsidiaries. Paradigm Convergence Technologies Corporation (PCT Corp) is the wholly owned operating subsidiary of PCT LTD. The business mission of PCT Corp. is in the prevention, and control of infectious disease and the pre-harvest prevention, control and suppression of microbial contamination of some commercial crops. PCT Corp designs, develops, integrates, assembles and commercializes technologies, products and systems targeted at the prevention and control of infectious disease and crop pathogens. Its unique and patented systems and human-safe products provide next-generation cleaning and disinfecting fluid solutions to the ever-present problems of microbial infection and infestation.
Forward Looking Statements
This release contains or may contain forward-looking statements and information that are based upon beliefs of, and information currently available to, management; as well as estimates and assumptions made by management. Such statements reflect the current view of the Company with respect to future events and are subject to risks, uncertainties, assumptions and other factors relating to the Company’s industry, operations and results of operations and any businesses that may be acquired by the Company. Should one or more of these risks or uncertainties materialize, or should the underlying assumptions prove incorrect, actual results may differ significantly from those anticipated, believed, estimated, expected, intended or planned.
Contact:
Brokers and Analysts
Chesapeake Group
410-825-3930
info@chesapeakegp.com
Gary Grieco
CEO
PCT Ltd & Paradigm Convergence Technologies
843-390-7900
ggrieco@para-con.com