Quadrant launched our clean energy program in 2017. Since then, we have installed 130,000 square meters of solar arrays and systems across the rooftops of our facilities. While some facilities are already 100% energy efficient, our goal is to reach carbon neutrality.
In addition to our clean energy programs, Quadrant leads the way in magnetic material recycling. Rare earth elements are often used in many consumer products. We have currently established programs for recycling rare-earth materials. Quadrant helps our suppliers to deal with rare earth material conservation through the set-up of recycling processes and end of life (EOL) programs.
Cobalt is one of the most frequently used metals for both its magnetic and physical strength. Although cobalt is not considered to be a scarce resource, rapid demands have increased prices and caused a shortage availability. Quadrant continues with work on metal injection molded (MIM) to reduce the cost of fabricating components from Cobalt Chromium, Iron Cobalt, and other Co-containing alloys. We source from green suppliers and are working towards making advancements in Cobalt recycling.