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. […]

News

Optically Pumped Magnetometers from QuSpin Guide Drones & Brain Imaging 

Optically pumped magnetometers have an edge over even some superconducting devices for precision magnetic field detection since they don’t need cryogenic cooling. QuSpin, a company focused on developing atomic devices, has come out with its second-generation sensor for integration into compact aerial and underwater drones. Meanwhile, Cerca Magnetics, a medtech startup is applying QuSpin’s OPM technology to open new capabilities in neurologic imaging. […]

News

Specialty Motor Providers Allied Motion and ThinGap Merge 

Allied Motion Technologies, a manufacturer of precision and specialty controlled motion products, announced on May 9 that it plans to merge with ThinGap, a developer and manufacturer of zero cogging slotless motors such as its new motors for small satellites and cubesats. Their innovative design puts all the magnetics, which are the heaviest part of the motor, in the rotor to maximize inertia. […]

e-Power Technology

Carraro Advances Electrification of Agricultural & Construction Machinery 

Devoted to thoughtful and innovative engineering, agricultural and construction equipment manufacturer Carraro Group of Italy is bringing advancements in electrified mobility to workfields. It has developed a sophisticated cadre of hybrid and fully electric propulsion systems for powering off-road equipment without compromise compared to traditional internal combustion engine systems. The new machines use permanent-magnet synchronous motors in tandem, or instead. […]