Company Directory - Sharps Technology, Inc.
Company Details - Sharps Technology, Inc.
Sharps Technology, Inc.
WebsiteSharps Technology, Inc. is a technology company focused on developing innovative health and safety products. The company leverages advanced technology to create solutions that enhance workplace and environmental safety, ensuring high standards in the industries it serves.
CCI Score
CCI Score: Sharps Technology, Inc.
46.39
-0.03%
Latest Event
Sharps Technology Addresses Supply Chain Challenges Amid FDA Recalls and Tariffs
In a shareholder update dated May 28, 2024, Sharps Technology detailed its strategic response to supply chain disruptions following FDA quality recalls and a steep tariff increase on Chinese-made syringes and needles. The company is expanding manufacturing capabilities, including plans for a US facility, and leveraging innovative syringe technologies to ensure high safety and quality for U.S. healthcare customers.
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LEADER
Sharps Technology, Inc. is currently rated as a Leader.
Latest Events
- MAY282024
In a shareholder update dated May 28, 2024, Sharps Technology detailed its strategic response to supply chain disruptions following FDA quality recalls and a steep tariff increase on Chinese-made syringes and needles. The company is expanding manufacturing capabilities, including plans for a US facility, and leveraging innovative syringe technologies to ensure high safety and quality for U.S. healthcare customers.
+50
Supply Chain Ethics
March 28
Sharps Technology is proactively addressing supply chain vulnerabilities by enhancing quality controls and shifting production away from uncertain sources amid FDA recalls and increased tariffs. This action demonstrates a strong commitment to ethical sourcing and supply chain responsibility.
+40
Technology and Services Impact
March 28
The company is leveraging its innovative syringe technologies that offer active safety and re-use prevention, addressing critical healthcare safety concerns. This not only ensures compliance with strict quality standards but also benefits patient and worker safety.
+30
Economic and Structural Influence
March 28
Sharps Technology’s strategic initiatives, including plans to bolster domestic manufacturing capabilities and form international partnerships, bolster economic resilience. This move enhances U.S. supply chain stability and reduces dependence on volatile international sources.
- MAY282024
On May 28, 2024, Sharps Technology issued a letter to shareholders detailing its strategic response to supply chain disruptions triggered by FDA quality concerns and a significant tariff increase on Chinese-made syringes. The company highlighted its innovative, safety-enhanced syringe products and strategic partnerships to better serve U.S. healthcare providers.
+70
Business Practices and Ethical Responsibility
March 28
Sharps Technology has acted responsibly by shifting its focus from problematic Chinese-made syringes to safer, innovative alternatives that align with FDA standards. This move supports patient and worker safety while enhancing ethical business practices.
+60
Technology and Services Impact
March 28
The event emphasizes Sharps Technology’s commitment to leveraging advanced safety technologies in its syringe products, which include active safety mechanisms and re-use prevention features. This technological innovation serves public health interests and reinforces product safety standards.
+50
Economic and Structural Influence
March 28
Through strategic partnerships with Roncadelle Operations and Owens & Minor, and plans to expand US manufacturing capabilities, Sharps Technology is enhancing its economic and structural influence. This supports domestic supply chain resilience and aligns with policies aimed at strengthening public health infrastructure, reflecting progressive strategic planning.
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Industries
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- Surgical and Medical Instrument Manufacturing
- 423450
- Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers
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