Was reading through the last 10-Q (for 3rd Qtr of 2019) and saw the following discussion: Note the mention of "safety Industries" and "surface protectant". Just trying to figure out if they have a readily usable disinfectant product for market, but not sure if it refers to that or something related to their optical products (some type of glass protectant?). Well, hopefully we know soon. Decent price action today nonetheless.
ITEM 2: MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
The following is management’s discussion and analysis of certain significant factors that have affected our financial position and operating results during the periods included in the accompanying unaudited consolidated financial statements.
OVERVIEW
PEN develops, commercializes and markets consumer and industrial products enabled by nanotechnology that solve everyday problems for customers in the optical, transportation, military, sports and safety industries. Our primary business is the formulation, marketing and sale of products enabled by nanotechnology including the ULTRA CLARITY brand eyeglass cleaner, CLARITY DEFOGIT brand defogging products and CLARITY ULTRASEAL nanocoating products for glass and ceramics. We also sell an environmentally friendly surface protector, fortifier, and cleaner. Our design center conducts development services for us and for government and private customers and develops and sells printable inks and pastes, thermal management materials, and graphene foils and windows.
Our principal operating segments coincide with our different business activities and types of products sold. This is consistent with our internal reporting structure. Our two reportable segments for the three and nine months ended September 30, 2019 were (i) the Product Segment and (ii) the Contract services Segment. For the three and nine months ended September 30, 2018, the Company operated the same two segments.
