Neo Performance Materials Reports 23% Decline in Magnequench Business Due to Pandemic; SAMAG Acquisition Doing Well, says New CEO

Victimized by the global pandemic, business dropped 23% in the first six months of this year for the Neo Magnequench business unit of Neo Performance Materials, widely considered a bellwether of the magnetic materials industry. Revenues for Magnequench dropped to $68.8 million from $89 […]


ZF Sees Sustained Decline in Traditional Auto Business but Acceleration of Shift to Electric Drivetrains

Looking like a standard bearer for top-tier automotive suppliers, ZF is slowly recovering from a staggering drop in business due to Covid-19 while steering a path toward greater use of magnets and magnetic technology as it retools […]


FDA Clears New Hearing Implant System From Cochlear

Cochlear Limited, a global developer of implantable hearing solutions, recently received U.S. Food and Drug Administration (FDA) clearance of its new Cochlear Osia 2 System that employs innovative sound magnets and magnetic attachment. The Osia System is the world’s first active osseointegrated steady-state implant (OSI), a new category of […]


Halliburton Develops New Downhole Drilling Motor, Provides Magnetic Ranging Services

Oilfield service company Halliburton has developed a new downhole drilling motor that provides increased power and performance to complete longer lateral drilling projects faster and with greater control. No stranger to the use of sophisticated magnetics technology for improving results for oil […]