AMERICAN FORK, Utah, Oct. 22, 2019 /PRNewswire/ -- IBC Advanced Technologies, Inc. ("IBC") announces that it has filed a Motion for Preliminary Injunction (the "Injunction Motion") against Ucore Rare Metals, Inc. ("Ucore") and other defendants (collectively, the "Defendants") in the United States District Court, District of Utah.
The Injunction Motion requests that the Court grant the following relief, whereby Ucore and the other Defendants would be:
(collectively, the "Injunctive Request").
Upon order by the Court, the Injunctive Request would enforce the non-disclosure, non-use and non-compete restrictions, which had been already agreed to by Ucore, and prevent Ucore from using IBC's MRT, any of IBC's confidential information, or any competing technology, whether alone or with an alliance partner, in the Alaska SMC for the processing of REEs; or from disclosing IBC's trade secrets or confidential information to third parties, including any of the "commercial partners" with which Ucore has been "aligning".
The Injunction Motion can be seen by clicking on the link below:
First Amended Complaint
In addition to the Injunction Motion, IBC et al. (the "Plantiffs") filed a First Amended Compliant, jury demanded, in the United States District Court, District of Utah (the "Complaint") against Ucore and the other Defendants. The Complaint alleges twenty-two (22) causes of action:
IBC is seeking relief in the form of:
The Complaint can be seen by clicking on the link below:
Background of IBC
IBC is an award-winning provider of proprietary and innovative Molecular Recognition Technology ("MRT") products and processes, based on green chemistry and green engineering, to premier customers worldwide. IBC's SuperLig®, AnaLig® and MacroLig® products and associated processes are used in manufacturing, analytical and laboratory applications.
In 1988, IBC was founded by and named after three Brigham Young University professors: Dr. Reed M. Izatt, Dr. Jerald S. Bradshaw and Dr. James J. Christensen.
IBC is the proud sponsor of the International Izatt-Christensen Award. This Award, founded in 1991 and named after Dr. Reed M. Izatt and Dr. James J. Christensen, two of the founders of IBC, recognizes excellence in macrocyclic and supramolecular chemistry. It is known as one of the most prestigious small awards in chemistry. The Award is presented annually at the International Symposium on Macrocyclic and Supramolecular Chemistry ("ISMSC"). Two of the early recipients of the Award later shared the 2016 Nobel Prize in Chemistry. The precursor of the ISMSC was founded by Dr. Izatt and Dr. Christensen in 1977.
A privately held Utah corporation, IBC counts among its shareholders a multi-billion dollar international manufacturing company, which has been a major customer and benefactor of IBC for over thirty (30) years. IBC has built its business upon integrity, trust and excellence and values its close association with such top-tier companies.
IBC provides proprietary, green chemistry and green engineering SuperLig® Molecular Recognition Technology products and processes worldwide. More information can be found at www.ibcmrt.com
SOURCE IBC Advanced Technologies, Inc.
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