Materials/Manufacturing

Electrical Steel Maker voestalpine Reports Big Hit from Pandemic but Signs of Recovery as Lockdowns Ease

A massive meltdown in demand for its steel and metal products in almost all countries and sectors due to Covid-19 is reported by voestalpine Group for the three months ending June 30. A key provider of electrical […]

Materials/Manufacturing

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 […]

News

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 […]

News

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 […]