We are putting out a major alert on Nasdaq symbol: MDOR. The stock closed at .15 cents today and we feel the stock could easily run right back up a couple hundred percent short term. Keep this one on major high alert.
Their corporate website is here
Magnum and Sekhar Research Innovations Sdn Bhd (SRI) Join Forces to Develop Next Generation Rubber Processing Aids and range of Custom Multi Application Compounds
Magnum’s proprietary technology and know-how developments will Revolutionize the Global Rubber Processing & Next Generation Compounding Market Worldwide. Magnum owns the exclusive rights to North America and future Global Rights to an array of next generation of cost saving custom compounds, patents, process technology, and trade secrets of Sekhar Research Innovations that will allow for rubber to be reconstituted, liquefied, specially blended into EPDM powders, and EPDM compounds. Magnum has access to state of the art processing aids and new world proprietary rubber recycling equipment.
SRI and Magnum are currently using its advanced technologies along with continued research & development to produce the next generation of retread compounds and reactivated ambient /cryogenic rubber powders for the world market. Magnum has now positioned itself in the global arena by locating a facility in Malaysia with capability for R & D, high performance compounding, processing aids, recycling solutions, and advanced state of the art equipment.
In addition to our facility in Malaysia, we will also use the new Research and Training facility located adjacent to our production facility in Magog to accelerate the introduction of the full range of cost saving multi application compounds and processing aids into the North American compounding community. By working on the establishment of these specialized recycled compounds into accepted standardized raw material compounds, Magnum/SRI is moving away from the conventional filler and diluents market and into the value added compounds that contribute to the performance of the final product..
The new 98,500 sq ft Magog, Canadian facility will have production lines for both rubber nuggets and buffings to fulfill $131 Million USD in new and existing orders. With the addition of this facility we will now be able to produce, on a large scale, ultra fine rubber powders, EPDM powders, EPDM compounds, thermoplastics, and thermoplastics elastomers to clients worldwide.
Magnum will accelerate its plan to produce ultra fine powders, and will now produce high performance compounds & processing aids both in Malaysia and in Canada at its existing Magog facility. These new additions will dramatically boost the return on investment for the products we produce. The profit margins associated with rubber powders and ancillary compounding will be significantly higher than producing conventional products like buffing and nuggets. Being further up the value and performance chain also means it will lead to substantial increases in consumption and consequent revenue.
Today, Magnum is embarking on an aggressive campaign with the force of its global partner, Sekhar Research Innovations Sdn Bhd, to bring these process technologies to market in the U.S., Canada, and Worldwide. Magog is well known as a rubber and plastics epicentre that sits in the Estrie region and in the MRC Memphremagog. It benefits from an exceptional geographic location since it is situated on the Canadian-American border.
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