Engaged in diverse areas of research and development, Cambridge, Massachusetts-based Draper has a way of touching cutting-edge magnetic technologies in many of its activities, dating back to its founder who was a pioneer in inertial navigation. Recent activities include: […]
Powered by six permanent-magnet motors and fueled by either battery power or hydrogen, electric vertical take-off and landing aircraft by Joby Aviation are taking to the skies in strategic test flights. In Japan, Toyota has stepped up its collaboration with the company in the form of a fresh $500 million investment while in Dubai a new air taxi terminal is taking shape. […]
ABB has begun the phased opening of a new $100 million campus in Wisconsin to increase production capacity of industrial electric drives in the U.S., its largest market. Likely, the facility and its eventual 700 […]
Aerospace and defense supplier Marotta Controls has opened a new facility to house the design, development, and manufacturing of advanced brushless DC motors under the company’s newly launched Motorfox brand. The 10,000-square-foot building in Chaska, […]
Magnetic Metals’ tape wound toroidal & cut cores deliver the essential magnetic properties and efficiencies required for: Transformers that power EV Charging Stations, Transformers that control & monitor AC induction & DC motor performance Power […]
In a stunning demonstration of investor interest in magnet recycling, Cyclic Materials of Toronto has successfully closed an oversubscribed $53 million Series B equity round, bringing the company’s total equity raised to $83 million. Cyclic […]
Recycling magnets from computer hard drives has garnered the attention — and opened the wallet — of Microsoft’s Climate Innovation Fund. It’s one of several new avenues that Cyclic Materials of Toronto is pursuing to gather more magnets into its supply stream and extend the reach for its technology. Auto salvage in the UK is another, marking the company’s first overseas feedstock deal – and with ties to parent companies IAA and Ritchie Auctions which have extensive worldwide operations in the used vehicle business. […]
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