The team at FUTEK Advanced Sensor Technology Inc. is deeply saddened by the global impact of the spreading coronavirus epidemic. Our hearts go out to all of the individuals and families who are suffering or who have lost family members as a result of this devastating virus.
We want to reassure you though, that this crisis has not affected our production or supply chain. As part of FUTEK'S Quality Culture we have minimized the shortage of B.O.M. risk by implementing vertical integration and by utilizing domestic suppliers whenever possible. In addition, we also maintain a well calculated buffer stock policy for critical parts and we have accelerated deliveries of critical materials to build up a safety stock.
We will continue to closely monitor the supply chain to ensure that we are prepared for any potential issues. Should we experience any shortage, we will take immediate action towards alternate pre-approved options. We are committed to continuing our close working relationship with all of our customers and will immediately notify anyone that may be impacted.