Forty-four-year-old manufacturing company producing hydrophilic/lubricious coatings for medical devices such as catheters. Leaders in our industry and with very strong brand equity, Hydromer Inc. seeks working capital to fund ongoing operations.
The company is well poised for profitable growth as it has limited competition and services a rapidly growing and global marketplace. The company's target customers are global medical device manufacturers as its products can be shipped worldwide. In fact, the company currently supports customers in North America, Europe, Asia, and the Middle East. The medical device market is growing at a steady 6-8% CAGR with aging populations and increased surgeries in almost all industrialized countries. The company is investing in new product development, and aggressive sales/marketing initiatives. We are a publicly traded (OTC) and self-financed company.
Due to a lack of new product development and weak sales and marketing initiatives in the past, and covid, the company is cash constrained and this will limit to some extent its ability to capture new customers while in its present state. Beyond the aforementioned initiatives, the company is entertaining a number of global partnership opportunities that, once finalized, will have a significant and positive impact on its top-line performance.
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