PHOENIX, Feb. 13, 2019 (GLOBE NEWSWIRE) -- Uptick Newswire Stock Day Podcast welcomed Pro-Dex, Inc. (PDEX), a company that specializes in the design, development and manufacture of autoclavable, battery-powered and electric, multi-function surgical drivers and shavers used primarily in the orthopedic and maxocranial facial markets. President and CEO, Rick Van Kirk, joined Stock Day host Everett Jolly.
Jolly began the interview by asking Van Kirk to provide some background information on the Company for new listeners. Van Kirk explained that the Company has been around for about 40 years with 25 years of focus on providing medical instruments needed in the operating room. Currently, the Company is expanding their product line and hopes to continue growing in this sector.
Jolly then commented on the Company’s steady increase in revenue as shown by a 15% increase over their last quarter and asked where the Company goes from here. “Well, we really had some good news last week. We signed a letter of intent with a large OEM company, that we had previously done a development agreement with to private label that product, now we have production orders with them in the amount of almost $3.5 million,” shared Van Kirk.
Van Kirk further explained that shipments for the orders are expected to begin in June, and that the Company is excited for what this contract means for the future.
Jolly then asked Van Kirk how the Company is achieving such steady growth. Van Kirk explained that it is due to a variety of factors including stronger business development, additional products, and diving deeper into the supply chain. Van Kirk also shared that the Company has recently started to explore providing direct to consumer and is even working to nurture deeper relationships with surgeons who are looking for help in developing innovative products. Overall, consumer interest in the Company’s products has been growing exponentially.
Jolly then asked Van Kirk if the Company was interested in any possible acquisitions. Van Kirk shared that currently the Company is focused of developing and expanding their current product line and are not seeking an acquisition at this time.
Van Kirk then shared his excitement for the Company’s recognition as one of the best places to work in Orange County, which they have now earned for three years in a row.
To close the interview, Van Kirk stated, “We appreciate everyone’s interest and support. It’s a good time to be involved with Pro-Dex, Inc. We continue to grow and develop products, we’re excited about the future. We’re just getting started here. We’re having a blast and we intend to keep it going.”
To hear the entire interview with Rick Van Kirk, listen to the podcast here: https://upticknewswire.com/featured-interview-ceo-rick-van-kirk-of-pro-dex-inc-nasdaq-pdex-7
About Pro-Dex, Inc.:
Pro-Dex, Inc. specializes in the design, development and manufacture of autoclavable, battery-powered and electric, multi-function surgical drivers and shavers used primarily in the orthopedic and maxocranial facial markets. We have patented adoptive torque-limiting software and proprietary sealing solutions which appeal to our customers, primarily medical device distributors. Pro-Dex also sells rotary air motors to a wide range of industries. Pro-Dex's products are found in hospitals and medical engineering labs around the world. For more information, visit the Company's website at www.pro-dex.com.
Statements herein concerning the Company's plans, growth and strategies may include 'forward-looking statements' within the context of the federal securities laws. Statements regarding the Company's future events, developments and future performance, as well as management's expectations, beliefs, plans, estimates or projections relating to the future, are forward-looking statements within the meaning of these laws. The Company's actual results may differ materially from those suggested as a result of various factors. Interested parties should refer to the disclosure concerning the operational and business concerns of the Company set forth in the Company's filings with the Securities and Exchange Commission.
Richard L. Van Kirk, Chief Executive Officer
About Uptick Newswire and the “Stock Day” Podcast
Founded in 2013, Uptick Newswire is the fastest growing media outlet for Nano-Cap and Micro-Cap companies. It educates investors while simultaneously working with penny stock and OTC companies, providing transparency and clarification of under-valued, under-sold Micro-Cap stocks of the market. Uptick provides companies with customized solutions to their news distribution in both national and international media outlets. Uptick is the sole producer of its “Stock Day” Podcast, which is the number one radio show of its kind in America. The Uptick Network “Stock Day” Podcast is an extension of Uptick Newswire, which recently launched its Video Interview Studio located in Phoenix, Arizona.