Company Description (as filed with the SEC)
Food Technology Service, Inc., (the “Company”) was organized as a Florida corporation on December 11, 1985. The Company owns and operates an irradiation facility located in Mulberry, Florida that uses gamma radiation to provide contract sterilization services to the medical device, packaging and food industries. The Company’s revenue for 2012 ($3,958,629) resulted primarily from the processing of medical items, packaging and food. The Company continues to diversify its customer base, however two customers accounted for approximately 59% of revenues in 2012. During the past few years, the Company has aggressively pursued sterilization of medical devices to increase its customer base. Medical device manufacturing is expanding rapidly due to improvements in medical technology and an aging population structure in the U.S. ... More ...