{"id":1547,"date":"2018-06-13T12:28:01","date_gmt":"2018-06-13T12:28:01","guid":{"rendered":"http:\/\/neomaterials.com\/?p=1547"},"modified":"2022-06-29T16:10:45","modified_gmt":"2022-06-29T20:10:45","slug":"neo-magnequench-named-supplier-of-the-year-by-grundfos","status":"publish","type":"post","link":"https:\/\/www.neomaterials.com\/neo-magnequench-named-supplier-of-the-year-by-grundfos\/","title":{"rendered":"Neo Magnequench Named \u201cSupplier of the Year\u201d by Grundfos"},"content":{"rendered":"<p>TORONTO, Canada, June 13, 2018 \u2013 Neo Magnequench, a subsidiary of Neo Performance Materials Inc. (\u201c<strong>Neo<\/strong>\u201d, the \u201c<strong>Company<\/strong>\u201d) (<strong>TSX:NEO<\/strong>) and a leading global supplier of advanced rare earth magnetic materials, has been named the \u201cSupplier of the Year\u201d by Grundfos.<\/p>\n<p>Grundfos is a global leader in advanced pump solutions and a trendsetter in water technologies that works to contribute to global sustainability by pioneering technologies that improve quality of life for people and care for the planet.\u00a0 Neo Magnequench supplies Grundfos with high-performance magnetic materials for some of Grundfos\u2019 premium products, such as its Alpha line of high efficiency permanent magnet motor pumps.\u00a0 Neo Magnequench has served as a magnetic materials supplier to Grundfos for more than two decades.<\/p>\n<p>\u201cWe have a very open and trustworthy partnership and collaboration on a very high scale. \u00a0Magnequench has proven very strong and consistent performance in cost, quality, delivery and sustainability. \u00a0And one of their strongest points have been in supporting Grundfos in research activities to improve the performance of our products,\u201d said Klavs Hornum, Grundfos Group Vice President, Group Purchasing.<\/p>\n<p>Grundfos noted that Neo Magnequench ensures that the raw materials supplied to Grundfos are in line with Grundfos\u2019 high environmental requirements. \u00a0Neo Magnequench has also helped Grundfos secure customers and supply new technology development and material samples to benefit Grundfos\u2019 products.<\/p>\n<p>\u201cThis award is very important to Neo, and it is a great honor to receive it. \u00a0Grundfos and Neo Magnequench share the same culture with focus on sustainability and quality. \u00a0We have worked together in more than twenty years and we want to keep building on this strong long-term relationship,\u201d said Geoffrey R. Bedford, CEO and President of Neo Performance Materials.<\/p>\n<p style=\"text-align: center;\"># \u00a0\u00a0# \u00a0\u00a0#<\/p>\n<p><strong>About Neo Performance Materials<\/strong><\/p>\n<p>Neo Performance Materials is a global leader in the innovation and manufacturing of rare earth- and rare metal-based functional materials, which are essential inputs to high technology, high growth, future-facing industries. The business of the Company is organized along three segments: Magnequench, Chemicals &amp; Oxides and Rare Metals. The Company is headquartered in Toronto, Ontario, Canada; with corporate offices in Greenwood Village, Colorado, US; and Beijing, China. The Company operates globally with sales and production across 10 countries, being Japan, China, Thailand, Estonia, Singapore, Germany, United Kingdom, Canada, United States, and South Korea. For more information, please visit <a href=\"https:\/\/neomaterials.us1.list-manage.com\/track\/click?u=a9e8676e87fad805702b98564&amp;id=696be0f828&amp;e=fca8be99dc\">www.neomaterials.com<\/a>.<\/p>\n<p><strong>Information Contacts<\/strong><\/p>\n<table border=\"0\" width=\"90%\" cellspacing=\"0\" cellpadding=\"1\" align=\"center\">\n<tbody>\n<tr>\n<td>Ali Mahdavi<\/td>\n<td>Jim Sims<\/td>\n<\/tr>\n<tr>\n<td>Capital Markets and IR<\/td>\n<td>Media Relations<\/td>\n<\/tr>\n<tr>\n<td>(416) 962-3300<\/td>\n<td>(303) 503-6203<\/td>\n<\/tr>\n<tr>\n<td>Email: <a href=\"mailto:a.mahdavi@neomaterials.com\">a.mahdavi@neomaterials.com<\/a><\/td>\n<td>Email: <a href=\"mailto:j.sims@neomaterials.com\">j.sims@neomaterials.com<\/a><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Website: <a href=\"https:\/\/neomaterials.us1.list-manage.com\/track\/click?u=a9e8676e87fad805702b98564&amp;id=f286343928&amp;e=fca8be99dc\">www.neomaterials.com<\/a><\/td>\n<td><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>TORONTO, Canada, June 13, 2018 \u2013 Neo Magnequench, a subsidiary of Neo Performance Materials Inc. (\u201cNeo\u201d, the \u201cCompany\u201d) (TSX:NEO) and a leading global supplier of advanced rare earth magnetic materials, has been named the \u201cSupplier of the Year\u201d by Grundfos. Grundfos is a global leader in advanced pump solutions and a trendsetter in water technologies [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":15206,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7,83],"tags":[30,38,60],"class_list":["post-1547","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-releases","category-sustainability","tag-grundfos","tag-neo-magnequench","tag-supplier-of-the-year"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Neo Magnequench Named \u201cSupplier of the Year\u201d by Grundfos<\/title>\n<meta name=\"description\" content=\"Neo Magnequench, and a leading global supplier of advanced rare earth materials, has been named the Supplier of the Year by Grundfos.\" \/>\n<meta name=\"robots\" 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