June 9, 2023

DEXTER MAGNETIC TECHNOLOGIES, INC. Joins the Global Rare Earth Industry Association

REIA is pleased to report that the leading US custom magnet manufacturer has become a member of the global association that is committed to creating a safe and innovative rare-earth industry.

Over the past 60 years, Dexter has partnered with its customers to develop innovative magnetic solutions and recognises the global importance of these valuable resources.

Nat Sattler, Dexter’s Vice-President of Research and Development, commented, “Dexter Magnetic Technologies believes in the critical importance that rare-earth resources have in our global community, and has joined REIA to support the growing coalition recognising the need for a sustainable supply chain”.

Dr. Badrinath Veluri, President of REIA, commented,” We are very pleased to welcome Dexter as the newest member of our Association. The Company is well-known for innovative engineering design and manufacturing, using rare-earth and other permanent-magnet materials. We look forward to working with them and to building a strong partnership”.

About Dexter Magnetic Technologies, Inc.

Dexter Magnetic Technologies, inc. has over 60 years of magnetics expertise in the engineering, machining, and assembly of magnetic components for the medical, aerospace, defence, semiconductor, and energy industries. Built on a philosophy of continuous improvement and innovation, Dexter partners with industry leaders to develop custom solutions. Dexter Magnetic Technologies, Inc. is part of the Dexter Holdings family of companies which includes Magnet Component Engineering, and DXT. Dexter’s corporate headquarters and manufacturing and design facilities are in Elk Grove Village, Illinois, USA and the company maintains a sales office in Freiberg, Germany. Learn more at www.dextermag.com.

About the Rare Earth Industry Association

The Rare Earth Industry Association is a global, Belgium-based not-for-profit organization founded in 2019. REIA’s mission is to serve, promote and advance the sustainable development of the global rare earth-element value chain. The Association’s 75 members are drawn from across the entire REE value chain, including public and private companies, research and academic institutions, government entities, policy makers and other stakeholders. REIA is currently developing a framework and guidelines to help standardize ESG reporting accepted by upstream, midstream and downstream participants. The Association provides its members with a platform for networking and benchmarking; for making their voice heard by policy makers, regulators and other key stakeholders; for finding potential partners and collaborators; for accessing and sharing data, information and best practices; and gaining visibility and highlighting their engagement towards a more sustainable supply chain.