2 unchanged sentences
Our products include steel, wood, and laminate furniture, fume hoods, biological safety cabinets, laminar flow and ductless hoods, adaptable modular and column systems, moveable workstations and carts, epoxy resin worksurfaces, sinks, and accessories and related design and engineering services.
−Removed: Our products are sold primarily through purchase orders and contracts submitted by customers through our dealers and commissioned agents and a national distributor, as well as through competitive bids submitted by us and our subsidiaries in Singapore, India and China.
+Added: Our products are sold primarily through purchase orders and contracts submitted by customers through our dealers, our subsidiaries in Singapore and India, and a national distributor.
Products are sold principally to pharmaceutical, biotechnology, industrial, chemical and commercial research laboratories, educational institutions, healthcare institutions, governmental entities, and manufacturing facilities.
We consider the markets in which we compete to be highly competitive, with a significant amount of the business involving competitive public bidding.
−Removed: It is common in the laboratory and healthcare furniture industries for customer orders to require delivery at extended future dates, as products are frequently to be installed in buildings yet to be constructed.
+Added: It is common in the laboratory and healthcare furniture industries for customer orders to require delivery at extended future dates, as products are frequently installed in buildings yet to be constructed.
Changes or delays in building construction may cause delays in delivery of the orders and our recognition of the sale.
1 unchanged sentence
The impact of such possible increases is considered when determining the sales price.
−Removed: The principal raw materials and products manufactured by others and used by us in our products are cold-rolled carbon and stainless steel, hardwood lumber and plywood, paint, chemicals, resins, hardware, plumbing and electrical fittings.
+Added: The primary raw materials and products manufactured by others and used by us in our products are cold-rolled carbon and stainless steel, hardwood lumber and plywood, paint, chemicals, resins, hardware, plumbing and electrical fittings.
Such materials and products are purchased from multiple suppliers and are typically readily available.
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Based on scheduled shipment dates and past experience, we estimate that not less than 86% of our order backlog at April 30, 2022 will be shipped during fiscal year 2023.
−Removed: However, it may reasonably be expected that delays in shipments will occur because of customer rescheduling or delay in completion of projects which involve the installation of our products.
+Added: However, it may be expected that delays in shipments will occur because of customer rescheduling or delay in completion of projects which involve the installation of our products.
SEGMENT INFORMATION
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The amount spent and expensed by us during the fiscal year ended April 30, 2022 on research and development activities related to new or redesigned products was $ 990,000 .
−Removed: The amounts spent for similar purposes in the fiscal year ended April 30, 2020 was $1,816,000.
+Added: The amount spent for similar purposes in the fiscal year ended April 30, 2021 was $ 1,406,000 .
ENVIRONMENTAL COMPLIANCE
11 unchanged sentences
The reference to our website does not constitute incorporation by reference of any information contained at that site.
−Removed: SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
−Removed: Certain statements included and referenced in this report, including Management's Discussion and Analysis of Financial Condition and Results of Operations, constitute "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Reform Act").
−Removed: Such forward-looking statements involve known and unknown risks, uncertainties, and other factors that could significantly impact results or achievements expressed or implied by such forward-looking statements.
−Removed: These factors include, but are not limited to, economic, competitive, governmental and technological factors affecting our operations, markets, products, services and prices, as well as prices for certain raw materials and energy.
−Removed: The cautionary statements made by us pursuant to the Reform Act herein and elsewhere should not be construed as exhaustive.
−Removed: We cannot always predict what factors would cause actual results to differ materially from those indicated by the forward-looking statements.
−Removed: In addition, readers are urged to consider statements that include the terms "believes," "belief," "expects," "plans," "objectives," "anticipates," "intends" or the like to be uncertain and forward-looking.
EXECUTIVE OFFICERS OF THE REGISTRANT
1 unchanged sentence
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.