Alderox, Inc. specializes in the manufacturing of environmentally-safe release agents and lubricants for the mining industry. This week brought the announcement that the company has finalized an agreement with 3M Canada, granting 3M exclusive rights to Alderox’s products for use in the Canadian mining sector.
Gordon Davies, president of Alderox, stated, “The supply agreement with 3M Canada is a significant and very positive event for Alderox, Inc. 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.”
As a result of this new development, several analytical firms have taken an active interest in Alderox, Inc., including Beacon Equity Research and BellwetherReport.com. On huge volume, AROX shares went as high as $0.33 this afternoon (June 19th), a full ten cents higher than yesterday’s close. Clearly, Alderox, Inc. is one to keep on radar.
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