Neo Performance Materials Reports Strong First Quarter
Neo Performance Materials, considered a bellwether for the health of the magnetics industry and market, rebounded strongly from the Covid-19 slump in the most recent quarter with a gain of 44% in revenue over the same period a year ago. Revenues and tonnage were both up significantly leading to big gains in operating income and profitability.
Kendrion Integrates INTORQ Merger into Industrial Brake Unit
Kendrion Group of The Netherlands reports that its integration of INTORQ GmbH has gone very well despite restrictions imposed by the Corona pandemic. Known widely for its permanent magnet brakes and holding magnets, Kendrion now produces a full line of electromagnetic brakes, spring-applied brakes and clutches for industrial applications as a result of the merger early last year.
Product Rollouts at Wells Vehicle Electronics Include Innovative Position Sensor
Few companies can match the product development pace of Wells Vehicle Electronics, a manufacturer of electronic products for the automotive industry. Many are magnetic and electromagnetic components such as an innovative rotary position sensor that it recently developed. Read More
AnteoTech Builds on Success with Molecular Diagnostics for Covid-19
Fresh from success battling Covid-19, Australian biotech company AnteoTech is setting up for rapid expansion based upon its AnteoBind technology for improved molecular conjugation. Armed with $12 million in new funding, the company is developing more tests and its own line of test equipment for life sciences markets. Read More