Micron Solutions Stock

Micron Solutions, Inc., through its subsidiary, Micron Products, Inc. operates as a contract manufacturing organization (CMO) that produces medical device, military, and automotive components and assemblies requiring precision machining and custom injection molding.

The company provides design, engineering, quality and regulatory expertise across the company’s three product lines, such as machining, thermoplastic injection molding, and sensors, with fulfillment systems using proprietary manufacturing processes.

Contract Manufacturing

Machining

The company is a contract manufacturer of machined components, primarily for original equipment manufacturers (OEMs) in the medical device industry, as well as the defense industry. The company machines components for implants and instruments for medical devices, including major joint replacements, wrist plates, rib fixation plates, and screws. Specialized components used in Total Knee Arthroscopy, including femoral surface replacements, tibia trays, ultra-high-molecular-weight polyethylene inserts, trials and instrumentation, as well as hip stems and fixation plates used in rib and wrist fractures are fabricated, machined and polished, heat treated and passivated at Micron. The manufacturing process includes computer aided design (CAD), computer-aided manufacturing (CAM), and computer numerical controlled machining. The company deploys the latest technologies in computer-aided design, computer aided manufacturing (CAD/CAM) methodology, and approximately 11-axis CNC vertical milling, mill-turning and wire electrical discharge machining. Additional capabilities include laser marking, automated polishing, passivation, and coatings. The company also offers contract inspection and packaging in its own clean room facilities.

Thermoplastic Injection Molding

The company's custom thermoplastic injection molding services primarily suited to meet the needs of customers who require parts, clean room molding, in-cycle vision inspection, assembly and packaging to tight tolerances using engineered materials.

Other Products and Services

The company provides its customers with key value added services, including the design, manufacture, and rehabilitation of injection molding tools. The company’s engineers and mold designers work with customers’ product development engineers to design and produce tooling for their products.

Other value added services include pad printing, ultrasonic welding, stamping, laser marking, clean room molding, clean room assembly, specialty coatings, plastic machining, and high-precision optical and CMM metrology.

Sensors

The company is a primary manufacturer and distributor of silver-plated and non-silver plated conductive resin sensors for use in the manufacture of disposable electrodes for electrocardiogram (ECG) diagnostic, monitoring, and related instrumentation. The company’s sensors consist of a molded plastic substrate plated with a silver/silver chloride surface, which is a sensitive conductor of electrical signals. Silver/silver chloride-plated disposable electrodes are utilized in coronary care units, telemetry units, and for other monitoring purposes.

The company also manufactures sensors and conductive plastic studs used in the manufacture of radio translucent electrodes. The radio translucent conductive plastic studs are manufactured with engineered resin to enable electrical conductivity between the sensor and the recording instrument without the use of a metal snap. Other custom designed sensors are manufactured for specific applications in the electroencephalogram, electro-muscular stimulation or thermo-electrical neural stimulation markets.

Marketing

The company's sales force consists of direct sales and independent sales representatives.

Customers

The company offers its products and services to customers of all sizes, including major OEMs and other CMOs. It serves the automotive, industrial, consumer products, and military and law enforcement industries.

Research and Development

For the year ended December 31, 2019, the company’s research and development expenses were $80,357.

Patents and Proprietary Technology

In 2018, the company was awarded a U.S. Patent for an invention, which improves the high-low pressure system in 40MM M212 casing used in military, law enforcement and other markets.

Trademarks

Micron Solutions, Micron Products and the company’s other registered or common law trademarks, service marks or trade names.

Regulation

The company has registered its facilities with the U.S. Food and Drug Administration, as well as under the U.S. State Department's ITAR registration.

History

The company was formerly known as Arrhythmia Research Technology, Inc. and changed its name to Micron Solutions, Inc. in 2017.