Universal Security Instruments, Inc., together with its subsidiary, designs, markets, and distributes safety and security products for use in homes and businesses in the United States and internationally. It offers a line of safety alarms, including units powered by replaceable batteries, sealed batteries, and battery backup alarms; and smoke alarms, which include hearing impaired and heat alarms, as well as carbon monoxide alarms, door chimes, ventilation products, ground fault circuit interrupters, and other electrical devices under the UNIVERSAL and USI Electric trade names. The company provides its products to wholesale distributors; chain, discount, and television retailers; home center stores; catalog and mail order companies; electrical and lighting distributors, and manufactured housing companies; and other distributors. It also sells its products through independent sales organizations and sales representatives, as well as through its own sales catalogs and brochures, and website. The company was incorporated in 1969 and is headquartered in Owings Mills, Maryland.
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- 3M for safety products
- MSA Safety for a wider range of protective equipment
- Grainger for safety supplies
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Please note that "Universal Safety Products" with the symbol "UUU" appears to be a fictional company. The following are hypothetical major products and services consistent with such a company's name and industry focus:
- Personal Protective Equipment (PPE): Manufactures and distributes a wide array of protective gear for individuals, including helmets, gloves, eyewear, and respirators.
- Industrial Safety Systems: Provides engineered solutions for hazard control, such as fall protection, machine guarding, and lockout/tagout devices.
- Emergency Preparedness & First Aid Supplies: Offers comprehensive kits and equipment for various emergency scenarios, including first aid, survival, and spill response.
- Safety Training & Consulting Services: Delivers professional training programs and expert consulting to help organizations develop and implement effective safety protocols.
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Universal Safety Products (symbol: UUU) is not a recognized real public company. Therefore, information regarding its actual major customers is unavailable.
However, if Universal Safety Products were a real entity based on its name, it would likely specialize in manufacturing and distributing a wide range of safety equipment and solutions. In such a scenario, its primary sales would most probably be to other companies (B2B) that require safety products for their operations, employees, or onward distribution. Major customer categories could include industrial firms, construction companies, healthcare providers, and large retail/distribution chains.
For illustrative purposes, assuming Universal Safety Products sells primarily to other companies, here are some hypothetical major customers and their imagined public symbols:
- Industrial & Manufacturing Sector: Companies requiring extensive Personal Protective Equipment (PPE) and safety systems for their factory floors and industrial operations.
Hypothetical Customer: Global Industrial Solutions Corp. (GISC)
- Construction & Infrastructure Development: Firms needing protective gear, fall protection, and site safety equipment for large-scale projects.
Hypothetical Customer: Titan Build Group (TBG)
- Healthcare & Emergency Services: Hospitals, clinics, and emergency responders requiring specialized PPE (e.g., masks, gloves, protective suits) and adherence to safety protocols.
Hypothetical Customer: OmniHealth Systems Inc. (OHSI)
- Retail & Distribution Partners: Large retailers or wholesale distributors that purchase safety products in bulk to resell to smaller businesses or individual consumers.
Hypothetical Customer: SecureSource Distributors (SSD)
Please note that this information is entirely hypothetical and constructed based on the implied business model of a company named 'Universal Safety Products,' as the specified company and symbol do not exist in real public markets.
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Harvey B. Grossblatt, President, Chief Executive Officer and Director
Mr. Grossblatt has served as the Chief Executive Officer of Universal Safety Products, Inc. (formerly Universal Security Instruments, Inc.) since August 2004 and as its President since June 1996, demonstrating a tenure of 29.4 years. He provides strategic leadership and vision, guiding the company in its mission to deliver innovative security solutions. Mr. Grossblatt was involved in the company's recent sale of its smoke and carbon monoxide alarm business to Feit Electric Company.
James B. Huff, Chief Financial Officer, Treasurer and Secretary
Mr. Huff serves as the Chief Financial Officer, Treasurer, and Secretary for Universal Safety Products, Inc. He brings extensive experience in financial management to his multifaceted role, overseeing the company's financial health, strategic financial planning, managing treasury functions, and ensuring robust corporate governance through his secretarial duties.
Phillip Haigh, Sales Manager
Mr. Haigh is instrumental in driving the company's sales strategies and managing customer relationships. He leverages his understanding of the security industry and market dynamics to identify new business opportunities and foster sales growth.
Glenda Anderson, Sales Manager
Ms. Anderson holds the position of Sales Manager within Universal Safety Products, Inc.
Milton Ault III, Independent Director
Mr. Ault serves as an Independent Director on the board of Universal Safety Products, Inc. He has recently reported purchasing shares of the company.
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Key Risks to Universal Safety Products (UUU)
- Dependence on Imports from China and Tariffs: Universal Safety Products sources all of its products from the People's Republic of China, making the company highly susceptible to changes in tariffs and trade policies. This dependence directly impacts the company's ability to sell products at competitive prices, and recent reports indicate that increased import tariffs have already negatively affected ongoing sales across all product lines.
- Financial Challenges and Declining Core Business: Despite reporting net income in the first quarter of fiscal year 2025, this was primarily driven by a one-time gain from the sale of its smoke alarm and carbon monoxide alarm segment. The company has historically faced negative profitability and weak cash flow generation, with its core business experiencing declining sales. This indicates potential ongoing challenges in generating sustainable profits from its remaining product lines.
- Customer Concentration Risk: Universal Safety Products faces significant customer concentration risk, with two customers accounting for a substantial portion of its trade receivables (19.1% and 12.5% respectively as of June 30, 2025). A loss or significant reduction in business from either of these key customers could materially impact the company's revenue and financial stability.
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Universal Safety Products (UUU) primarily focuses on the design, marketing, and distribution of safety and security products, predominantly smoke and fire alarms, carbon monoxide alarms, and other electrical safety devices such as door chimes, ventilation products, and ground fault circuit interrupters. The company operates primarily in the United States and distributes its products across North America.
The main addressable market for Universal Safety Products' core offerings falls under the broader Fire Safety Equipment Market.
- The global fire safety equipment market was valued at approximately USD 57.82 billion in 2024 and is projected to reach USD 94.10 billion by 2033, demonstrating a Compound Annual Growth Rate (CAGR) of 5.28% from 2025 to 2033. Other estimates place the global market at USD 55.6 billion in 2024, with a projection to reach USD 133.4 billion by 2035 at a CAGR of 8.5%. The market was also estimated at USD 60 billion in 2024, with a projection to reach USD 96.64 billion by 2033.
- North America is a dominant region within this market, holding a significant share of approximately 38.9% in 2024. In 2022, North America held over 37.0% of the global fire safety equipment market share.
- The fire detection segment, which includes products like smoke and fire alarms, constituted the largest component of the fire safety equipment market in 2024, accounting for 64.0% of the market.
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The following are expected drivers of future revenue growth for Universal Safety Products (UUU) over the next 2-3 years:
- Continued Marketing of Remaining Product Lines: Following the sale of its smoke and carbon monoxide alarm business in May 2025, Universal Safety Products intends to continue marketing its other product lines, including wiring devices and bath fan segments. The company's ability to competitively sell these products, particularly in light of potential tariff impacts, will be a key driver of revenue.
- Increased Sales to Retail Customers: Recent financial improvements for the company in Q4 and fiscal year 2025 were primarily propelled by increased sales to retail customers. Sustaining and growing this customer base in its remaining product categories is expected to contribute to future revenue.
- Product Innovation and Home Safety Solutions: Universal Safety Products is committed to product innovation, focusing on new alarm technologies and home safety solutions. This strategy aims to achieve deeper penetration within the electrical distribution market and foster expanded partnerships, thereby driving revenue growth.
- Exploration of New Business Opportunities: Management has indicated that the company is actively "exploring other business opportunities to drive long-term value for shareholders" following its strategic pivot. The success of these yet-to-be-specified ventures will be a significant factor in future revenue.
- Strategic Acquisitions and Market Expansion: Analysts suggest that strategic acquisitions, which can provide access to new technologies, markets, or customer bases, are crucial for the company's growth potential. Additionally, entering new geographic regions or demographic segments is identified as a means to significantly boost revenue.
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Share Repurchases
- Universal Safety Products has not reported significant share repurchases in its recent financial filings. For fiscal years ended March 31, 2022, and 2021, the company's stated intention was to retain all cash flow for future operations rather than paying cash dividends or undertaking share repurchases.
Share Issuance
- The number of shares issued and outstanding remained consistent at 2,312,887 for fiscal year 2024 (ended March 31, 2024) and fiscal year 2025 (ended March 31, 2025), and as of June 30, 2025.
- The company entered a Securities Purchase Agreement to potentially sell convertible notes, which could yield up to $2.5 million in proceeds.
Inbound Investments
- No significant inbound investments by third-parties in Universal Safety Products have been reported in the past 3-5 years.
Outbound Investments
- Universal Safety Products sold its smoke and carbon monoxide alarm business and certain other assets to Feit Electric Company, with the Asset Purchase Agreement entered on October 29, 2024, and the sale closing on May 22, 2025.
- The sale generated a $2.82 million gain for Universal Safety Products in the first quarter of fiscal year 2025.
- The cash sale price for these assets was $6 million.
Capital Expenditures
- Universal Safety Products reported capital expenditures of -$1.68 million on a trailing twelve-month (TTM) basis as of June 30, 2025.
- For the fiscal years ended March 31, 2025, and March 31, 2024, the company's investing activities, which typically include capital expenditures, did not significantly provide or use cash.
