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​Acorda Therapeutics Inc. (ACOR) is a biopharmaceutical company incorporated in 1995 from Ardsley, New York. Acorda domestically develops and commercializes different therapies for neurological disorders. The company develops Ampyra/Fampyra (dalfampridine), a drug to improve walking in patients with multiple sclerosis (MS); Inbrija for the treatment of Parkinson’s in Europe; and Selincro for the treatment of alcohol addiction. Acorda also develops ARCUS for the treatment of acute migraines, along with clinical trials for the treatments of MS and heart failure. Acorda also has a collaboration with Biogen Inc. for the development of Ampyra.

​ACV Auctions Inc. (ACVA) was incorporated in 2014 and is based in Buffalo, New York. They operate a digital auction house, connecting buyers and sellers of wholesale vehicles. They also provide additional information offering transparent car facts to their customers.

Allied Motion Technologies Inc. (AMOT) is a company that designs, manufactures, and sells precision and specialty controlled motion components and systems that are used in a range of industries worldwide. The company offers brush and brushless DC motors, brushless servo and torque motors, coreless DC motors, integrated brushless motor drives, gear motors, gearing, modular digital servo drives, motion controllers. Allied Motion Technologies Inc. was incorporated in 1962 and is headquartered in Amherst, New York with 1,700 employees. The company sells its products to end customers and original equipment manufacturers in-vehicle, medical, aerospace and defense, and industrial markets through direct sales force. AMOT has a Beta of 1.47 and an EPS of 1.43. The company also pays a quarterly dividend of 0.23% They have a 52-week range of $24.36-$55.09 and did $460 Million in revenue for the year 2020.

Athenex, Inc.(ATNX) is a biopharmaceutical company, which engages in the discovery, development and commercialization of novel therapies for the treatment of cancer. It operates through the following segments: Oncology Innovation Platform, Global Supply Chain Platform, and Commercial Platform. The Oncology Innovation Platform segment focuses on the research and development of proprietary drugs. Which makes up 20.31% of their revenue.The Global Supply Chain Platform segment provides supply of active pharmaceutical ingredients (APIs) for clinical and commercial efforts. Which makes up 33.56% of their revenue.The Commercial Platform segment involves in the sales and marketing of specialty drugs and market development of proprietary drugs. Which makes up 49.81% of their revenue. The company was founded by Lyn M. Dyster and David G. Hangauer in November 2003 and is headquartered in Buffalo, NY. In 2019 and other recent years, the company has revenues from the US, Spain, Austria, India, China, UK, and other foreign countries. The company was founded by Lyn M. Dyster and David G. Hangauer in November 2003 and is headquartered in Buffalo, NY.

Astronics Corporation is an innovative technology company pursuing commercial applications of electroluminescence. The company increases value with their development of technologies and capabilities, organically or through acquisition, to provide what each individual customer is looking for. Astronics revenue stems from a mix of working with both business and commercial aviation, defense, eVOTOL systems, mass transit, medical systems, space systems, rotorcraft, and VIP aircraft. In 2019, the company pulled in a revenue of $656.71 million and a revenue per share of $21.12. Their mission statement is to serve the worlds aerospace, defense, and other mission-critical industries with proven innovative technology solutions. Astronics was founded in 1968 by Thomas L. Robinson, Sr with its headquarters located in East Aurora, NY.

Chemung Financial Corporation (CHMG) operates as the financial holding for Chemung Canal Trust Company. It is a full-service financial institution that provides services in terms of personal and business banking. The company offers many competitive commercial and small business loan products such as mortgages, lines of credit adn equipment leasing. Along with banking they also provide wealth management. They provide financial planning, investment and retirement services, trust and estate administration and tax services. In 2019 they ended the year with $20.2 million in revenue and $1.7 billion in assets. They operate in 12 different New York counties as well as Bradford County, PA. The Wealth Management Division has provided trust and investment services for clients not only in our region, but across the country as well. Headquartered in Elmira, it is New York State’s oldest locally-owned and managed community bank, dating back to 1833

Chemung Financial Corporation (CHMG) operates as the financial holding for Chemung Canal Trust Company. It is a full-service financial institution that provides services in terms of personal and business banking. The company offers many competitive commercial and small business loan products such as mortgages, lines of credit adn equipment leasing. Along with banking they also provide wealth management. They provide financial planning, investment and retirement services, trust and estate administration and tax services. In 2019 they ended the year with $20.2 million in revenue and $1.7 billion in assets. They operate in 12 different New York counties as well as Bradford County, PA. The Wealth Management Division has provided trust and investment services for clients not only in our region, but across the country as well. Headquartered in Elmira, it is New York State’s oldest locally-owned and managed community bank, dating back to 1833

​The Canandaigua National Bank and Trust Company (CNND) is the bank holding company for The Canandaigua National Bank and Trust Company. The company was founded in 1984 and based in Canandaigua, New York. The company provides various banking and financial services, such as checking accounts, savings accounts, money market accounts, government accounts, and debit/credit accounts. The company also offers financial planning, investment advising, and retirement planning. They also offer a host of mortgages and lines of credits. The Canandaigua National Bank and Trust Company serves in Monroe and Ontario counties of New York State.

​Computer Task Group Inc. (CTG) provides technology services to North America, South America, India, and Western Europe. The company was founded in 1966 and located in Amherst, New York. Mainly, they serve healthcare, financial services, energy, and manufacturing industries. More specifically, the company provides IT solutions such as data strategy, digital enterprise platforms, application development, compliance services, infrastructure, and testing services. They also provide staffing services such as staff augmentation and volume staffing.

Evans Bancorp, Inc. (EVBN) operates as the financial holding company for Evans Bank, N.A. that provides a range of banking products and services to consumer and commercial customers in Western New York. It operates in two segments, Banking Activities, and Insurance Agency Activities. The company sells various premium-based insurance policies consisting of business and personal insurance, employee benefits, surety bonds, risk management, life, disability, and long-term care coverage. The company gained roughly $82 million dollars in revenue for the year 2019. Evans Bancorp has $2.1 billion in assets and $1.8 billion in deposits on June 30, 2020. It operates through 15 full-service banking offices in Erie County, Niagara County, and Chautauqua County, New York. Evans Bancorp, Inc. was founded in 1920 and is headquartered in Hamburg, New York.

Financial Institutions Inc. is the primary holding company for Five Star Bank, which partakes in financial and banking services. As a business, they operate by distributing checking and saving account programs, as well as a variety of qualified plan accounts, money market accounts, etc. They also offer loans, specifically term loans and lines of credit. For financial services, the company provides one on one investment advisors, wealth management, investment consulting, and retirement planning. As for non-banking area of the business, the company offers a variety of insurance plans, more specifically personal, commercial, and life/disability. The company also has a real estate investment trust, holding commercial real estate loans and residential mortgages. Across New York State, Financial Institutions Inc. operates 53 offices. The company was established in 1817 and is headquartered in Warsaw, NY.

The Graham Corporation (NYSE:GHM) is a producer of vacuum and heat transfer equipment worldwide. Their equipment allows customers to produce synthetic materials including paper, fertilizer, electric power and other products used by people days after day. They have four vacuum products and two different heat transfer products that they sell. Their main markets include creating power along with the petroleum and chemical industries. This company's vision is “To be a global leader in the design and manufacture of engineered-to-order equipment for the energy industries.”. Their headquarters is located in Batavia, NY and was founded in 1936. They currently have a 52-week high of $23.77 and 52-week low of $10.36. In 2019 this company pulled in $91,831,000 in revenue.

Corning Incorporated (GLW) is an American multinational technology company specialized in specialty glass, ceramics, and related technologies used primarily for industrial and scientific applications. The revenue composition is 27.2% display products, 31.5% telecommunication products, 16.7% specialty glass products, 11.8% environmental substrate and filter products, 8.7% life science products, and 4.1% is all other revenue. Corning Incorporated is actually greatly involved in battling the COVID-19 pandemic. In 2020 alone, they delivered enough vials to hold 100 million COVID-19 vaccines. Corning Glass Works was founded in 1851 by Amory Houghton, in Somerville, Massachusetts. It moved around quite a bit before the founder’s son settled the company into Corning, NY in 1868. They have produced there ever since.

Gordon Auto Body Parts Co., Ltd. manufactures and sells automotive sheet metal replacement crash parts worldwide. The company offers fenders, hoods, bumpers, doors, radiator supports, and other products. It also provides AC condensers, handles, mirrors, side panels, tail lamps, tailgates, fender flares, head lamps, inner fenders, steel bumpers, and step bumpers. The company was founded in 1986 and is headquartered in Taoyuan, Taiwan. Gordon maintains core technology and customer service in-house, while leveraging outsourced, strategic alliances to preserve their leading position in the North American collision replacement part market. They also develop additional value-added markets, insight into the future of electric vehicle markets and focus on the potential emerging market, seeking strong momentum and growing business.

Ideanomics Inc. (IDEX) is a global company headquartered in New York, NY that facilitates the adoption of commercial electric vehicles and supports next-generation financial services and fintech products. Ideanomics Capital provides fintech services that include intelligent and innovative solutions powered by AI and blockchain. Ideanomics provides their global customers and partners with more efficient solutions for a greener economy with offices in Beijing, Hangzhou, and Qingdao, and operations in the U.S., China, Ukraine, and Malaysia. Seasoned investor, media entrepreneur and philanthropist, Dr. Bruno Wu recognized that emerging technology companies need more than financing to succeed. He believed that by forming partnerships with them and providing a unified platform, he could help these companies accelerate their growth while facilitating the global adoption of innovative technologies with significant economic or environmental benefits. These views led to the creation of Ideanomics – a single company operated by experienced executives who are managing a portfolio of new technology companies and providing them with financing, operational and marketing resources, and acting as a strategic partner to promote their growth. Ideanomics now owns dbot, Intelligenta, Liquify, Logistorm, Solectrac, and Treeletrik. As of June 30, 2020 they have $42.5 billion in current assets and $29 billion of current debt. Ideanomics was founded in 2017 as a business transformation of an existing media company and is traded on NASDAQ under the ticker IDEX. Ideanomics is forging the new paradigm on how emerging technology companies grow and how industries embrace innovation. The company’s significant resources, including talent and partnerships, combined with portfolio synergies empower Ideanomic’s partners to thrive and helps industries benefit from the evolution of technology.

IEC Electronics Corp. (IEC) is a company that provides electronics to many companies for medical, industrial, and aerospace defense sectors. They sell these types of products, as well as do verification testing of engineering products, and they are FDA and ITAR registered. Their mission is to minimize supply chain risks and to solve technical challenges for life-saving products, as well as provide thorough testing to ensure that products are safe to use. The company provides these different types of electronics to many Fortune 500 companies, as well as other international customers. In 2019, IEC made $180 million in revenue. Revenue comprises 22% from medical, 18% from industrial, and 60% from aerospace defense technology. The company was founded in 1966 by Robert E. Main. It’s headquarters are in Newark, NY, but also has other locations in Rochester, NY, and Alburquerque, NM.

The Eastman Kodak Company (KODK) is an American public company that produces various products that relate to photography. Its main business segments are Print Systems, Enterprise Inkjet Systems, Micro 3D Printing and Packaging, Software and Solutions, and Consumer and Film. The revenue of the company is taken up by products at 79% and service at 21%. This year, due to COVID-19, the government under Donald Trump has loaned Kodak $765 million to create a pharmaceutical sector to help out the stressed medical industry. Kodak was founded by George Eastman and Henry A. Strong on September 4, 1888 in Rochester, New York, where it still is headquartered to this day.

Lake Shore Bancorp, Inc. is a micro-cap stock that operates in the financial
services sector and is a subsidiary for their parent organization, Lake Shore Mhc.
Lake Shore was founded in 1891 and is headquartered in Dunkirk, NY. Their
current CEO is Daniel P. Reininga who has held this position since 2011. Lake
Shore Savings offers services on both the consumer and business side of banking.
On the consumer side, their primary services include checking and savings
accounts, personal banking solutions, mortgage and home equity, and debit and
credit services. For their business side, they offer services such as Business
Banking, LS Business Online, and Commercial Lending. Lakeshore Savings
specifically states on their website, “we pride ourselves on putting people first.
Our focus will always remain on you and your personal financial goals. We’ve
been serving the Western New York community for more than 127 years and look
forward to working with you.” Lake Shore is a member of the FDIC and considers
themselves a true “local” bank due to their strong relationship with customers
and local businesses in the Western, New York region. Most notably, Lake Shore
regards Erie County and Chautauqua County as the main focus of their business.
Lake Shore Bancorp, Inc has been publicly traded on the Nasdaq since their Initial
Public Offering (IPO) in 2006,

Life Storage Incorporation (LSI) is a real estate investment trust and they invest in self storage units. As of 2019, the company owned interests in and/or operated 854 locations. It is the 4th largest owner of self storage units in the United States and the 4th largest self storage property manager. The company also offers units with climate control and its Dri-guard dehumidification system. There are also larger units for items like boats, cars, and other large property. Most facilities offer a variety of amenities and features like keypad security systems that restrict floor access to approved users or property access to customers only, security systems that monitor activity on the facility grounds, free truck use, and moving and storage merchandise. There revenue consists of 87% rental income, 9.697% other operating income, and 2.822% in management and acquisition fee income. Founded in 1982 as Sovran Self Storage and the company is headquartered in Williamsville, NY.

​Monro Auto Service and Tire Centers, MNRO, is an American automotive service company focusing on scheduled maintenance, undercar repairs, and retail tire sales. Their vision is to be America’s leading auto and tire service centers, trusted by consumers as the best place in their neighborhoods for quality automotive service and tires. The Company operates more than 1,283 stores, has 98 franchised locations, 8 wholesale locations and 3 retread facilities in 32 states, serving the Mid-Atlantic and New England regions, portions of the Great Lakes, Midwest, Southeast, Louisiana and California. Revenue is comprised of 51% tires, 26% maintenance, 13% brakes, 8% steering, 2% exhaust. The company was founded by Charles J. August in 1957 and is headquartered in Rochester, NY.

Moog, Inc. is a designer, manufacturer, and systems integrator of precision motion and fluid controls and systems for applications in aerospace and defense and industrial markets. It operates through the following segments: Aircraft Controls; Space and Defense Controls; and Industrial Systems. The Aircraft Controls segment design, manufacture, and integrate primary and secondary flight controls for military and commercial aircraft and provide aftermarket support, which is 45% of their revenue. The Space and Defense Controls segment involves in controlling satellites, space vehicles, launch vehicles, armored combat vehicles, tactical and strategic missiles, security and surveillance, and other defense applications, which is 24 of their revenue. The Industrial Systems segment involves in customizing machine performance components and systems utilizing electrohydraulic, electromechanical, and control technologies in applications involving motion control, fluid control, and power and data management across a variety of markets, which is 32% of their revenue. The company was founded by William C. Moog, Arthur Moog, and Lou Geyer in 1951 and is headquartered in East Aurora, NY.

M&T Bank (MTB) has its headquarters in Buffalo, NY, and has rapidly built on its infrastructure in the WNY area. They are currently rank 462nd on the Fortune 500 company list. MTB has always had a profitable quarter since 1978 and is strong in economic stability. They currently possess naming rights to the Baltimore Ravens football field and are the official bank of the Buffalo Bills. MTB is presently valued at around $156 and has a one-year price target of $163. And have a strong dividend yield of 2.86%.

National Fuel Gas (NYSE: NFG) is a diversified energy company that is based out of Williamsville New York. NFG includes five operating segments throughout the company that include Exploration and Production, Pipeline and Storage, Gathering, Utility, and Energy Marketing. They are committed to safe and environmentally responsible production, transportation, and distribution of natural gas and oil resources to over 740,000 customers in Western New York and Northern Pennsylvania. Currently, NFG has a 52-week high of $51.13 and a 52-week low of $37.75 with a dividend yield of 3.56%. During 2020 NFG was able to make $1.44 Billion in Revenue despite the pandemic.

Paychex, Inc. (PAYX) is an American provider of payroll, HR, and benefits for small and medium sized businesses. Its main business segments are Payroll, Human Resources & Benefits, and interest on funds. The revenue composition is 97.8% service revenue and 2.2% interest on funds held for clients. Paychex is staying consistent with its business model and should continue to enjoy success as long as employees need to get paid by employers. Paychex was founded by Tom Golisano in 1971 in Rochester, New York, where the business has remained headquartered.

Gibraltar Industries (ROCK) is a leading manufacturer and provider of products and services for the renewable energy, conservation, residential, and infrastructure markets. Gibraltar serves customers primarily in North America including renewable energy (solar) developers, institutional and commercial growers of food and plants, home improvement retailers, wholesalers, distributors, and contractors. The company’s mission is to create compounding and sustainable value with strong leadership positions in higher growth, profitable end markets. In 2020, the company’s revenue was $1,033 million dollars, a 15% growth from the previous year. Adjusted EPS improved 38% and 18% respectively in 2020 as well. The company was founded in 1993 and is headquartered in Buffalo, NY.

Seneca Foods Corp. (SENEB) is an American food processing and distributing company. They mainly produce packaged fruits and vegetables, at all levels of production, and distribute them internationally under names such as Cherryman, Green Valley, and Paradise to name a few. Its segments include processing fruits and vegetables, where 97.1% of their revenue stems, along with smaller operations such as trucking and the sale of cans, which makes up about 2.9% of revenues. Seneca Foods mission statement is to feed the world safe and nutritious products that are valued and enjoyed by families everywhere. Along with processing fresh produce, the company also partakes in a contract packing agreement with B&G foods, where Seneca packages products like Green Giant frozen vegetables. Seneca Foods Corp. was founded in 1949 and is headquartered in Marion, NY.

Constellation Brands, Inc. (STZ) is an international beverage alcohol company. The Company is a producer and marketer of Beer, Wine and Spirits with operations in the United States, Canada, Mexico, New Zealand, and Italy. Its segments include Beer, Wine and Spirits, Corporate Operations and Other. Revenue is comprised 67.3% from beer, 28.4% from wine, and 4.3% from spirits. Constellation Brands’ mission statement is to build brands that people love. It sells a variety of brands in the import and craft beer categories, including Corona Extra, Corona Light, Modelo Especial, and others. The company is also invested in Canopy Growth Corporation (CGC), a Canadian cannabis company. The $3.9 billion investment in Canopy Growth in 2017 gave Constellation Brands the option to purchase an additional 18.9 million common shares of Canopy. The company was founded by Marvin Sands in 1945 and is headquartered in Victor, NY.

Transcat Inc distributes test, measurement, and calibration equipment’s used in industrial and scientific settings, and temperature devices from a range of instrument manufacturers to customers primarily in North America through its catalog. The company also provides instrument calibration and repair services. They serve customers within such areas as the pharmaceutical, industrial manufacturing, energy, and chemical process industries. Transcat targets customers in the petroleum products and chemical manufacturing industries, as well as pharmaceutical and telecommunications companies. Through out the fiscal 2020 they have demonstrated both the effectiveness of their strategy and ability to execute it. Currently the company has a record revenue of $173.1 million, which is a 7.6% increase from the previous year($160,898). Transcat Inc was founded by Lee D Rudow in 1964 and its headquarters are in Rochester, NY.

Ultralife Corporation (ULBI) is a provider of critical power solutions and communication systems around the globe in multiple industries. The five main industries they create products for are Government and Defense, Medical, Safety and Security, Energy, and Industrial. The company’s battery and energy products include batteries (chargeable and non- rechargeable), power systems, cables and accessories, chargers, and automobile telematics. Ultrlife’s communication system products include power supplies, amplifiers, portable systems, satellite communications, antennas, adapters, and accessories. The company sells their products through a variety of trade channels, including original equipment manufacturers (“OEMs”), industrial and defense supply distributors and directly to U.S. and international defense departments. At the end of the 2019 fiscal year the company’s revenue was 106.8 million compared to 87.2 million in 2018. The company reported operating income of $2.3 million on revenue of $28.6 million for the second quarter ended June 30, 2020. The company was founded in 1991 from Kodak’s Ultra Technologies battery division and is headquartered in Newark, NY.

22 nd Century Group Inc is a small-cap stock that is publicly traded on the New York
Stock Exchange (NYSE). They primarily operate in the Healthcare sector and are
headquartered in Williamsville, NY; however, in January 2021 they announced
plans of relocating their headquarters to Larkinville district in downtown Buffalo.
22 nd Century Group engages in biotech operations that focus on technology that
alter the level of nicotine in tobacco plants as well as the level of cannabinoids in
hemp plants. This is achieved through the use of genetic engineering, gene-
editing, and modern plant breeding. Some of their most notable products include
X-22, spectrum government research cigarettes, modified risk cigarettes, magic 0
and magic 2, red sun, moonlight, and variable nicotine-level research cigarettes.
22 nd Century Group was founded in 1998 and went public in 2011. Their current
CEO is James A. Mish who took over in June of 2020. Currently, 67 total workers
make up 22 nd Century Group Inc. 22 nd Century Group has two separate mission
statements on their company website: one for their tobacco products and
another for hemp/cannabis. For tobacco, their mission is “to reduce the harm
caused by smoking by bringing our proprietary reduced nicotine content tobacco
cigarettes – containing 95% less nicotine than conventional cigarettes – to adult
smokers in the U.S. and international markets.” In hemp/cannabis, their mission
is “to develop proprietary hemp/cannabis plants with valuable cannabinoid
profiles and agronomic traits and to commercialize those plants through a
synergistic portfolio of strategic partnerships in the hemp/cannabis industry.”