 | ||||
 | ||||
FOR RELEASE: January 9, 2006 Partnership Agreement Quadrant Magnetics Group Companies (Quadrant) and Advanced Technology and Materials Co. Ltd. (AT&M) have signed a partnership agreement in which Quadrant will act as the IMPORT AGENT on behalf of AT&M for importation of their Licensed Magnetic Products (Sintered Neodymium Iron Boron) that are produced in China. Under this agreement, Quadrant will act as the sole import channel for AT&M and will be responsible for Sales and Marketing within the U.S. and NAFTA region. Additionally, Quadrant will provide all customs and logistical operations within the prescribed territory. Christopher Moore, Quadrant President, said, “This strategic partnership with one of the world's major magnet producers positions Quadrant as a leading supplier to our markets and will ensure long-term stability for our customers. The AT&M factory, along with our Asian Sales and Manufacturing operations in Hangzhou and Beijing support our long-range plan to service our customers with high quality and lower cost products. This partnership expands our manufacturing capabilities into other magnet materials and will allow Quadrant to market a broad range of magnetic materials to diverse industries” Quadrant Magnetics Group (www.quadrantmagnetics.com) is headquartered in Louisville, KY with domestic design and manufacturing facilities located in Sunnyvale, CA and Hodgenville, KY. Quadrant Magnetics-Asia performs Alnico production in Hangzhou, China and Assembly manufacturing in Beijing, China. AT&M (www.atmcn.com/English/Home/) is a licensed producer of Sintered Neodymium Iron Boron magnets, SmCo magnets, Bonded Permanent Magnets, soft magnetic alloys, metallic ribbon/strip and other amorphous products. AT&M is headquartered in Beijing, China. For more information, contact: Christopher Moore, 502-657-6396 chrism@quadranttechnology.com |
