UFP Technologies, Inc. operates as a designer and custom converter of foams, plastics, composites, and natural fiber materials, providing solutions to customers primarily within the medical, automotive, consumer, electronics, industrial and aerospace and defense markets. The company converts these materials using laminating, molding, and fabricating manufacturing technologies. The company’s raw materials primarily consist of polyethylene and polyurethane foams, sheet plastics, pulp fiber, cross-linked polyethylene and reticulated polyurethane foams, fabric and foam laminates and natural fiber materials. The company converts these materials to provide customers various solutions, including automotive interior trim, medical device components, disposable wound care components, military uniform and gear components, athletic padding, air filtration, high-temperature insulation, abrasive nail files and other beauty aids, and cushion packaging for their products. Products The majority of the company’s products are custom designed and manufactured for its customers’ needs. The company’s products include automotive interior trim, medical device components, disposable wound care components, athletic padding, abrasive nail files and other beauty aids, air filtration, high-temperature insulation, and military uniform and gear components. The company has developed various standard products that are branded, and in some cases, trademarked and patented. These products include Wine Packs (wine shipping solutions made from molded fiber); T-Tubes (tube and pipe insulation for clean room environments); BioShell (pharmaceutical bag protection system); Pro-Sticks (sanitary solution for nail care services); FlexShield (medical device pouch for protecting small instruments and tools); and Erasables (multi-purpose cleaning eraser). The company also designs, manufactures, and markets a range of packaging solutions primarily using polyethylene, polyurethane, cross-linked polyethylene foams, and rigid plastics. These solutions are custom-designed and fabricated or molded to provide protection for items and are primarily sold to original equipment and component manufacturers. The company’s packaging solutions include foam inserts for protective shipping cases and end-cap packs for electronics. Marketing and Sales The company markets and sells its products in the United States principally through direct regional sales forces comprised of skilled engineers. The company also uses independent manufacturer representatives to sell its products. The company markets a line of products to the health and beauty industry, primarily through distributors. Research and Development The company’s research and development expenses were approximately $1.2 million for the year ended December 31, 2014. Patents and Other Proprietary Rights Wine Packs, T-Tubes, BioShell, Pro-Sticks, FlexShield, and Erasables are the company’s U.S. registered trademarks. The company has a total of 21 active patents relating to technologies, including foam, packaging, tool control technologies, automotive superforming processes and to certain nail file technologies. The company also has patent applications in process. The expiration dates for the company’s patents range from 2015 through 2029. History UFP Technologies, Inc. was founded in 1963. The company was incorporated in the state of Delaware in 1993.
ufp technologies inc (UFPT:NASDAQ CM)
172 East Main Street
Georgetown, MA 01833
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