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An Update From the President and CEO of Angstrom Technologies

May 5th, 2010

Welcome to the Second Quarter 2010 update. We will continue to post an Angstrom News Update at the end of each quarter throughout the 2010 fiscal year. Our fiscal year begins on November 1 and ends October 31.

In the first update of 2004, I reaffirmed Angstrom's three core beliefs. For those of you new to Angstrom they are:

1) Responsiveness - to internal and external customers
2) Respect for the Individual - internal and external
3) Return to Shareholders

Company News

Angstrom purchased it’s very own facility in 2009.  We are currently acquiring necessary equipment to develop new chemical and technical products.

Revenue

Our Second Quarter has resulted with a much better performance than Second Quarter 2009.  We are still cautiously optimistic about our business outlook in 2010.  We continue working to secure government business and commercial business to expand and maintain our markets.

Product News

Angstrom continues to develop new UV chemical technologies for specialized high security applications.
 
As mentioned in last quarter’s update, we anticipated modifications of our newly developed scanner based on customer feedback. As we pursue this market, we expect additional modifications to meet our customer’s needs and technical requirements. The required modifications have resulted in delaying the promotion and release of this product for the selected market segment.  We will promote the product once the modifications meet the revised customer specifications.

Our other security technology is expanding in the market.  Our partner/customer and Angstrom have decided to continue the delay of announcing this new product to the public until significant market penetration is developed to secure current and future opportunities.  This new technology has brought in new revenue to Angstrom since late 2009.

Our next news update will be posted on our website in early to mid August and it will provide our Third Quarter results for fiscal year 2010.