Alderox, Inc. (OTCBB: AROX) is a worldwide leader in productivity enhancing, environmentally anti-stick release agents and lubricants for the paving, mining, and asphalt industries. The company sells their products throughout the United States, Canada, Mexico, and Puerto Rico, and recently announced that they have entered into a long-term supply contract with 3M Canada. Stated under the terms of agreement, 3M Canada has exclusive rights to the company’s patented Alderox products for the Canadian mining industry, including the oil sands.
“The supply agreement with 3M Canada is a significant and very positive event for Alderox, Inc.,” commented Gordon Davies, president of Alderox. “Not only will the relationship with 3M Canada speed up the development of the Canadian mining and oil sands markets, the fact that 3M Canada has put their name and resources behind our Alderox product confirms that it is a superior solution to the carryback and ore build-up issues in the mining sector. We are pleased to be involved with 3M Canada and looking forward to a long and mutually successful relationship with them.”
The company produces a line of products including ASA 12, an ore and asphalt release agent; DCR, a drag chain and conveyer belt lubricant; PaverBlend, an asphalt-related product used to keep paving equipment free from debris; KR-7, a concrete release agent; and ASA Cleaners.
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