Applied Minerals, Inc. (OTCBB:AMNL) is pleased to announce the appointment of Dr. Chris DeArmitt as the Company’s Chief Technology Officer (“CTO”). In his capacity as CTO, Dr. DeArmitt will be responsible for leading the Company’s R&D efforts and will play an integral role in the company’s product commercialization efforts.
Dr. DeArmitt is a globally recognized expert in plastics, functional fillers and additives. His experience spans all facets of the value chain, having served in senior level positions in areas including R&D, Product Development and Marketing during his tenures at Electrolux (OEM), BASF (plastics & additives manufacturer) and Hybrid Plastics (specialty additives producer).
According to Andre Zeitoun, President & CEO of Applied Minerals Inc., “Chris brings with him a wealth of experience and well-established industry relationships that we expect will be of great benefit to the company. We feel very fortunate to have attracted such a talented individual to fulfill this very important role. Chris has been working with the company as a technical advisor for the past 7 months and has become very well acquainted with the properties of our product. Chris is unique; he is very much a commercially driven scientist. His talent is understanding market needs and addressing them with commercially feasible product solutions in real time. Chris has earned himself a reputation in the industry for these attributes, and we feel that his joining us is a strong validation of our product potential.”
According to Dr. DeArmitt: “The commercial potential of Applied Minerals’ Halloysite-based products as a high tech material is very exciting. I have seen very few materials during my career that match its potential. As a functional additive or filler in plastics, coatings, adhesives or cosmetics, Halloysite gives remarkable property enhancements spanning the gamut from boosted mechanical properties to the controlled release of active agents. Furthermore, while most high performance materials are synthetic, expensive and of questionable toxicity, Halloysite - as a naturally occurring clay - is both affordable and environmentally friendly. It is therefore with great enthusiasm that I welcome the opportunity to join the Applied Minerals team in developing new applications and customers for this exciting product.”