Materials/Manufacturing

Neo Performance Materials: Names New President; Acquires SG Technologies in UK, and Rare Earths Exploration License in Greenland 

Neo Performance Materials, considered a bellwether of the permanent magnetics industry, has named a new president in concert with the upcoming retirement of its CEO and long-time leader Constantine Karayannopoulos and, in rapid succession, recently consummated two deals that further its mines-to-magnets vertical integration strategy:

By acquiring SG Technologies Group Ltd (SGTec) in the UK, Neo moved further up the value chain and expands its specialty manufacturing footprint in Europe to better serve rapidly growing magnet demand from the electric vehicles, electronics and clean energy industries.

In Greenland, it progressed another step in developing its own rare earths mine as the government approved transfer of an exploration license from Hudson Resources of Canada, clearing the way for Neo to acquire it. […]

Materials/Manufacturing

Harris Steps in as CEO of Metamagnetics, Burns Named President 

Metamagnetics Inc., a provider of cutting-edge RF magnetics solutions for the aerospace, defense and telecommunications industries, has announced new executive leadership. Vince Harris has taken on the role of chief executive officer, and Lee Burns has been promoted to president and chief operating officer. The moves come as the company has received several new contracts recently including an $11 million award for a military communications project. […]

Electromagnetics

Qnergy’s Methane Power Systems Recognized in Edison Awards 

Qnergy, a specialist in applying magnet-powered Stirling engines for capturing methane to generate onsite power at remote oilfields, is being recognized in the prestigious Edison Awards competition for the innovation and invention of its CAP3Nano system. It supplies utility grade electricity via a novel Stirling engine generator that runs on raw, unprocessed gas to provide reliable remote power to drive and deliver compressed air pneumatics, while eliminating the venting of methane wellpads. […]