NEW YORK, NY–(Marketwired – December 07, 2015) – Applied Minerals, Inc. (the “Company” or “Applied Minerals”) (OTCQB: AMNL), a leading global producer of halloysite clay, has expanded its distribution network through a new partnership with KODA Distribution Group (KDG).
KODA Distribution Group, which includes the EW Kaufmann and Ribelin subsidiaries, is a leading distributor of specialty chemical products to CASE (coatings, adhesives, sealants and elastomers), construction, personal care, lubricants/metalworking, agriculture, pharma and urethanes end markets. EW Kaufmann will represent Applied Minerals as its exclusive sales distributor for DRAGONITE™ halloysite clay for the Eastern Region of the U.S and Ribelin in the Southeast.
Dan Gruber, President of KODA CASE, stated: “We are excited about being part of this new venture and its unique technology. Based on our expertise and experience, we are confident about opening new markets and applications for DRAGONITE halloysite clay.”
“We are honored to welcome KODA Distribution Group to our rapidly growing distribution network,” said Andre Zeitoun, President and CEO of Applied Minerals. “KDG is a highly respected distributor of specialty chemicals with deep technical expertise and a strong commitment to customer service. We look forward to partnering with them as we continue to execute our growth strategy. With the addition of KDG, we have implemented a distribution network that covers the entire United States, a significant feat for a company our size.”
Brian Newsome, Director of Sales at Applied Minerals, added: “I had the privilege of working closely with KODA Distribution during my tenure at BASF. Their addition to the Applied Minerals team completes our efforts, here in the U.S., to put in place a world-class distribution network for our DRAGONITE product line. This is a significant and welcomed development.”
About KODA Distribution Group
KODA Distribution Group (KDG) is the leader in specialty chemical distribution in the US and Canada. KDG is organized around industry verticals in North America by the following focus markets: Canada (through our recent acquisition of Unipex Solutions Canada), CASE (Coatings, Adhesives, Sealants & Elastomers), Specialty Ag, CARE, Life Sciences, Construction, and Industrial (Plastics, Lubrication & Metalworking). Each industry vertical shares similar approaches to their markets: deep technical expertise and market knowledge; a service platform that includes marketing and product management; a network of technical centers (application labs) to support customers; a focus on customer intimacy; and an absolute devotion to customer service.
KDG is headquartered in Stamford, CT.
About Applied Minerals
Applied Minerals is the leading producer of halloysite clay from its wholly owned Dragon Mine property in Utah. Halloysite is aluminosilicate clay that forms naturally occurring nanotubes. In addition to serving the traditional halloysite markets for use in technical ceramics and catalytic applications, the Company has developed niche applications that benefit from the tubular morphology of its halloysite. These applications include carriers of active ingredients in paints, coatings and building materials, environmental remediation, agricultural applications and high-performance additives & fillers for plastic composites. Applied Minerals markets its halloysite products under the DRAGONITE™ trade name.
Additional information on the Company can be found at www.appliedminerals.com.
Safe Harbor Statements
The following are safe harbor statements under the Private Securities Litigation Reform Act of 1995 for Applied Minerals, Inc. Some statements contained or implied in this news release may be considered forward-looking statements, which by their nature are uncertain. Consequently, actual results could materially differ. For more detailed information concerning how risks and uncertainties could affect the Company’s financial results, please refer to Applied Minerals’ most recent filings with the SEC. The Company assumes no obligation to update any forward-looking information.