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Gold/Mining/Energy : Advanced Material Resources AMR-TSE -- Ignore unavailable to you. Want to Upgrade?

To: Brad who wrote (11)	3/4/1999 1:11:00 PM
From: lwk	Read Replies (1) \| Respond to of 18

AMR Technologies creates first Canadian research link to Imperial College, London - Canadian rare earth company accelerates R&D through unique collaboration with one of world's leading research institutions. TORONTO, March 4 /CNW/ - Finding new uses for rare earth technologies has led AMR Technologies Inc. of Toronto (TSE:AMR) to undertake a unique industry-academic initiative with Imperial College of London, England. The collaboration will see AMR and internationally-renowned rare earth scientist, Dr. James L. Woodhead, establish an experimental base in the Department of Materials at London's Imperial College to carry out development work on behalf of AMR Technologies. Dr. Woodhead will lead researchers at Imperial College to further develop sol-gel nanotechnology pioneered at the United Kingdom Atomic Energy Authority. According to the industry newsletter, Advanced Ceramic Report, the global market for sol-gel products in 1998 was $630 million. Rare earths are neither rare, nor earths, but modern industrial minerals which enhance the performance of high tech products. AMR produces these rare earths using concentrates which are mined in China, and markets them to many of the world's foremost international electronics and automotive companies. Said Peter V. Gundy, President and CEO of AMR: ''The Imperial College initiative continues our cross-border collaborations between business and academia in the international rare earths industry. Because rare earths are used to make disc drives, catalytic converters, HDTV televisions and other high-tech products smaller, more energy-efficient and environmentally- friendly, our challenge is to constantly create new formulations that are tailored to increasingly sophisticated needs.'' ''The best way to do this - to remain at the leading edge of materials technology - is by undertaking original research with the best scientists and facilities in the world, which is, after all, our marketplace.'' In the past five years, AMR (www.amr-ltd.com) has captured a 10% share of the world market for high purity, separated rare earths. The company has 950 employees and profitable joint ventures with two Chinese municipal governments for the production of high-quality rare earths. In addition, AMR has a production facility in Thailand, Advanced Magnetic Materials (Thailand) Co. Ltd., which produces bonded neodymium iron boron magnetic powder and magnets. Prior to joining AMR in 1998 as Senior Technical Associate, Dr. Woodhead was for more than 30 years a senior scientist with the United Kingdom Atomic Energy Authority in Harwell, England. During this time, he was responsible for more than 25 international patents. In 1985, he joined Alcan International as Principal Scientist to generate new business from laboratory - based technologies. In addition to carrying out process development and a program of technology transfer at AMR's plants and laboratories, Dr. Woodhead serves on AMR's global Technical Advisory Committee. Imperial College of Science, Technology and Medicine is part of the University of London. The College teaches and researches a full range of science, engineering, medical and management disciplines at the highest level. -30- For further information: Leanna Dean, Manager, Investor Relations, AMR: Phone: (416) 367-8588, Fax: (416) 367-5471, e-mail: amrinfo@amr-ltd.com