This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Applied Minerals, Inc. Announces Its First Commercial Supply Contract For Dragonite-HP™

Applied Minerals, Inc. (the “Company”) (OTCBB: AMNL) is pleased to announce its first commercial supply contract for its Dragonite-HP™ multi-functional polymer additive. Dragonite-HP is a new, patent pending Halloysite-based product designed to provide an unmatched combination of reinforcement properties and cycle time reduction in high-density polyethylene (“HDPE”). The product is available in either powder form or masterbatch pellets.

Signature Fencing & Flooring Systems, LLC (“Signature”), the world’s largest manufacturer of modular flooring systems, will utilize the Dragonite-HP additive in its MegaDeck product offering, the latest addition to EventDeck’s line of heavy-duty matting and temporary roadway systems ( http://www.eventdeck.com/MegaDeck.shtml). The Dragonite-HP additive will enable the Megadeck product line to meet the rigorous performance standards required by such a critical application.

MegaDeck’s extra-large access mats allow even the largest vehicles and equipment to traverse any type of terrain while protecting the ground beneath from chemical and vehicular damage. MegaDeck’s composite mats are intended for use as temporary roads, construction and heavy-lift crane platforms, rig mats, dragline mats, military base camp flooring, and can be used anywhere heavy-duty access matting is required.

The benefits provided by the Dragonite-HP additive @ 1-2% loadings to HDPE include:

  • An increase of 20% - 30% in stiffness
  • An increase of 15% in flex strength
  • An increase of 15% in tensile strength
  • Retention of notched izod impact
  • Improved surface finish and pigment dispersion
  • Improved dimensional stability (uniform shrinkage and reduced warpage)
  • Reduction in the coefficient of thermal expansion (CTE)
  • Flame and smoke suppression synergist
  • Fully recyclable without a loss of physical properties

The processing benefits of the Dragonite-HP additive for fabricators of HDPE include:

  • 15-30% cycle time reduction resulting in an increase in plant efficiency through the combination of nucleation, melt viscosity and superior heat transfer capability provided by the additive
  • Reduction in energy consumption
  • Reduction in manufacturing costs
  • Ability to thin wall parts resulting in further decrease in resin cost and reduced part weight

According to Andre Zeitoun, President and CEO of Applied Minerals, Inc.: “We are delighted to see our Dragonite-HP product go from the R&D stage to commercial deployment in such a relatively short time. The MegaDeck product is the largest and strongest HDPE heavy-duty matting product on the market today. The Dragonite-HP additive delivered the necessary combination of price and performance. We believe that Signature’s decision to use Dragonite-HP in its high performance MegaDeck product is a strong validation of our product’s potential in the targeted 100 billion pound-per-annum High Density Polyethylene global market.”

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs