Neo Material Technologies Announces Magnequench and Toda Kogyo

Joint Venture 
TORONTO, Oct. 20 /CNW/ - Neo Material Technologies Inc. (TSX: NEM) (the 
"Company") reported today that the Company's Magnequench division has entered 
into a joint venture agreement with Toda Kogyo Corp. ("Toda Kogyo"). Under the 
terms of the agreement, Neo Material's Magnequench division will hold a 33 
percent interest in the joint venture with Toda Kogyo holding the 67 percent 
balance. Based in Tianjin, China, the new entity, Toda Magnequench Magnetic 
Materials Co. Ltd. ("TMT), is expected to commence production of rare earth 
magnetic compounds for injection molded neo magnets during the fourth quarter 
of 2008. 
With an initial 30 tons per month of production capacity, TMT's mission is to 
accelerate the growth of injection molded neo magnets used in 
automotive/electronic components and high speed motors. The joint venture 
allows both parties to work directly with customers in high growth areas in the 
automotive and electronics markets. 
By combining Magnequench's stable supply and development capabilities for neo 
powders with the production technology of molding materials and processes 
developed and owned by Toda Kogyo, TMT will enjoy a significant cost and 
technology advantage in the injection molding magnetic compounds market. As a 
result, TMT will aggressively pursue growth opportunities in new applications 
in its target markets. Injection molded neo magnets provide the optimum 
solution in motor and sensor applications requiring superior magnetic 
performance coupled with ultimate customization for complex magnetic shapes. 
About Toda Kogyo 
Toda Kogyo is one of the most advanced Japanese producers of iron oxide 
particles which are essential raw materials, or integral components of 
industrial and consumer products. Toda Kogyo also produces Nd-Fe-B based 
compounds using Magnequench's Neo Powders. 
About Neo Material Technologies 
Neo Material Technologies is a producer, processor and developer of neodymium-iron-boron magnetic powders, rare earths and zirconium based engineered 
materials and applications through its Magnequench and AMR Performance 
Materials business divisions. These innovative products are essential in many 
of today's high technology products. Magnequench's neo powders are used to 
produce bonded magnets, generally used in micro motors, precision motors, 
sensors and other applications requiring high levels of magnetic strength, 
flexibility, small size and reduced weight. Rare earth and zirconium 
applications include catalytic converters, computers, television display 
panels, optical lenses, mobile phones and electronic chips. The Company is 
headquartered in Toronto, Canada and has approximately 1,300 employees in 15 
locations, across 10 countries. 
%SEDAR: 00002061E 
For further information: Michael Doolan, Chief Financial Officer, (416) 367-8588, ext.335, Website:, e-mail:; 
Ali Mahdavi, Investor Relations, (416) 962-3300, ext. 225, e-mail: 
CO: Neo Material Technologies Inc.
ST: Ontario
-0- Oct/20/2008 11:00 GMT
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