Agreement to Jointly Develop New Niche Products
In addition to the masterbatch agreement, both companies are working closely to jointly develop some proprietary product formulations that will take advantage of KibbeChem’s industry leadership position supplying chemical foaming and blowing agents as well as compounding expertise. According to Glen Kibbe, President and CEO of KibbeChem, “there is a major industry push to reduce the weight of polymers without losing strength and we feel that there are some very natural synergies between our products to deliver an unmatched solution for light weighting parts without the accompanying loss of strength.” These products will be marketed under the KibbeChem brand for which Applied Minerals will act as an exclusive supplier.
Both companies are excited to enter into this beneficial relationship and look forward to providing ready-to-use customized masterbatches to provide solutions to some unmet industry needs.
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About Applied Minerals, Inc:
Applied Minerals Inc. is a leading global producer of Halloysite Clay from their wholly owned Dragon Mine property in Utah. Halloysite is an 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 targeted niche applications that it feels will benefit from the tubular morphology of its Halloysite. These include: carriers of active ingredients in paints, coatings and building materials, agricultural applications and high-performance functional fillers in polymer composites. For more information about the company please visit
A world leader in plastic foaming and color technologies, KibbeChem is a full line manufacturer of blowing agents and specialty color concentrates. Our blowing agent chemistries include endothermic, exothermic and hybrid blends and are available in powder, pellet, liquid and ultra low-dust powder. As a solution-based company, we take a synergistic approach to plastics, providing consultancy services and technical support to clients in foam processes and color applications. It is not just the way KibbeChem formulates that is unique; it is our understanding of the process as a whole to maximize value for our customers. A specialist in the plastics industry since 1990, KibbeChem provides global coverage through its two manufacturing facilities and commercial centers based in Elkhart, Indiana and Las Vegas, Nevada. With regional sales offices able to service customers throughout North America, our multiple locations offer faster shipping times, and allow your company to better manage just-in-time inventory. For more information about the company, please visit
Statements in this press release that are not historical facts, and this includes all the statements concerning future-oriented statements relating to processing, capacity, costs, notifications, working together, are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, and involve a number of significant risks and uncertainties that could cause actual results to differ materially from those projected, anticipated, expected or implied.
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