Eastern Field International Ltd. has announced it was successful in its bid for a major ten year rare earth metals supply contract with a large German technology manufacturer.
The company won the contract over its primary competitors who also tendered bids to the request for proposal earlier this year. The number of proposals tendered to major RFP's worldwide has been steadily decreasing with the reduced number of global companies that can handle large volume supply.
The new client 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 Eastern Field International Ltd. Market share and profit margins.
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 announcement 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 item, 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 item 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.