Eastern Field International Ltd. has announced it is among three firms to be selected for a major ten year rare earth metals supply contract with a large German technology manufacturer.
The request for proposal was issued in December 2013, with Eastern Field International Ltd. responding one month before the deadline. The numbers of proposals tendered have been steadily decreasing with the reduced number of companies that can handle large volume supply.
The potential client company is well known for high tech industrial products as well as defense manufacturing component fulfillment. Reduced competition and steadily increasing global demand has continued to drive significant interest in Eastern Field International Ltd. and its products.
Eastern Field International Ltd. is a company focused on rare earth elements exploration by way of identification and discovery of new rare earths sources and opportunities that can provide long term supply and with the potential for full development of world-class facilities for separation and delivery. The Company has several rare earth projects in multiple locations, the operations of which are enhanced by close relationships with a number of top tier companies in the industry who have the capability of separating the full spectrum of rare earth elements.
This item may contain forward-looking statements, as defined by securities laws, including statements regarding financial outlooks and market environments. Any such statements are based on present expectations and involve a number of risks and uncertainties. Important factors, including those mentioned in this news release, that could cause real results to differ materially are set forth in the company's annual report and subsequent statutory filings. They include risks and uncertainties relating to the pace at which the company adds manufacturing capacity and new capital sources, the value of global and regional financial markets, and the dynamics of the markets the company serves.
Eastern Field International Ltd. encourages investors to consult with an investment professional and review filings in conjunction with this publication and prior to making any investment decisions. The forward-looking statements contained in this news release speak only as of the date of its release; the company does not undertake to revise these forward-looking statements to reflect events after the date of this release.