Excellence Through Innovation®

Cosmetic Ingredients

Pharmaceuticals

Health Care Products

Specialty Industrial Products

Annual Report 2021

Officers and Directors

KEN GLOBUS

ARTHUR M. DRESNER

President & Chief Executive Officer

Director; Counsel to the law firm of

Chairman of the Board of Directors

Duane Morris LLP

General Counsel

New York, NY

PETER A. HILTUNEN

LAWRENCE F. MAIETTA

Senior Vice President

Director; Partner in the accounting firm of

Production Manager

PKF O'Connor Davies, LLP

Director of Plant Operations

New York, NY

ANDREA YOUNG

ANDREW A. BOCCONE

Chief Financial Officer & Controller

Director; Independent Business Consultant,

Treasurer

Former President of Kline & Company, Inc.

Secretary

(business consulting firm), Little Falls, NJ

DONNA VIGILANTE

S. ARI PAPOULIAS

Vice President

Director; Principal of ChemRise LLC

R&D Manager

(a business advisory firm providing advice to

Director of Technical Services

companies in the chemicals industry), Tarrytown, NY

Corporate Profile

United-Guardian, Inc. is a publicly-traded (NASDAQ:UG) fully integrated research, development, manufacturing, and marketing company that has been supplying unique and innovative products to the personal care, health care, pharmaceutical, and industrial sectors since 1942. The company's products are developed and manufactured by the company's Guardian Laboratories Division at its 50,000 square foot facility in Hauppauge, New York. Some of its products are proprietary formulations with unique combinations of properties and ingredients. The cosmetic ingredients are marketed through a worldwide network of marketing partners, and are used by many of the major multinational cosmetic companies. The pharmaceuticals are sold primarily to full-line drug wholesalers, which distribute them to pharmacies, hospitals, physicians, long-term care facilities, and other health care providers. The health care products are primarily medical products marketed directly to manufacturers of medical devices and other medical products, which incorporate them into their finished products and distribute them to hospitals, pharmacies, and other health care facilities. The specialty industrial products are sold directly to manufacturers of industrial products.

The company's most important product line is its extensive LUBRAJEL® line of water-based moisturizing and lubricating gel products, which are used in both cosmetic and medical products. The focus of the company's research at the present time is on developing additional products for the cosmetic ingredient market, especially ingredients that can be used to formulate "natural" cosmetic products.

Over the years the company has been issued over 32 patents. The company currently relies primarily on proprietary manufacturing methods and product formulations, which are protected as trade secrets, rather than patent protection, thereby eliminating the public disclosure required to obtain limited-duration patent protection. It has also received ISO 9001:2015 registration from Underwriters Laboratories, Inc., indicating that the company's documented procedures and overall operations have attained the very high level of quality needed for this global certification level.

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United-Guardian Inc. published this content on 26 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 August 2022 00:07:03 UTC.