Associated tags: Magnet, Magnetism, Iron nitride, Manufacturing, Automotive, Hardware, Science, Rare-earth element, Niron Hashai, Alternative Energy, Energy, Research, Environment, Engineering, Electric Vehicles, EV, Automotive Manufacturing, Mining, Minerals, Natural Resources, Other Manufacturing
Locations: MARYLAND, MINNESOTA, UNITED STATES, NORTH AMERICA, MAGNA, SHAKOPEE MDEWAKANTON SIOUX COMMUNITY
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Tuesday, February 20, 2024
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Rare-earth element Niron Magnetics , the company pioneering the world's first high-performance, rare earth-free permanent magnets, today announced it has received $25 million in new strategic funding.
Key Points:
- Niron Magnetics , the company pioneering the world's first high-performance, rare earth-free permanent magnets, today announced it has received $25 million in new strategic funding.
- Allison Ventures, the venture capital arm of Allison Transmission , leading designer and manufacturer of vehicle propulsion solutions, was also part of this funding round, along with one of the world’s largest automotive suppliers, Magna .
- In addition to Samsung Ventures, Allison Transmission, and Magna, current investors Shakopee Mdewakanton Sioux Community and University of Minnesota also participated in this round, providing additional funding.
- "We look forward to collaborating closely with all of our investors and partners to work towards enabling a rare earth-free alternative in magnetics."
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Wednesday, November 8, 2023
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Niron Hashai As more cars are bought around the globe and demand surges for EVs, so does the demand for more stable and sustainable alternatives to rare-earth materials.
Key Points:
- As more cars are bought around the globe and demand surges for EVs, so does the demand for more stable and sustainable alternatives to rare-earth materials.
- Further, Niron’s alternative to rare-earth magnets promises improved temperature stability compared to other options currently available on the market, which is critical for automotive use.
- With the new investments from GM Ventures and Stellantis Ventures, and previous funding from Volvo Cars Tech Fund , Niron is now backed by three leading automotive manufacturers.
- This commitment demonstrates the potential of its Clean Earth Magnet technology to meet the automotive industry’s need to diversify and secure its supply chain with a viable alternative to rare earth magnets.
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Tuesday, October 24, 2023
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Rare-earth element Niron Magnetics , the company pioneering the world’s first high-performance, rare earth-free permanent magnets, today announced that its Clean Earth Magnet™ has been named as one of TIME’s Best Inventions of 2023.
Key Points:
- Niron Magnetics , the company pioneering the world’s first high-performance, rare earth-free permanent magnets, today announced that its Clean Earth Magnet™ has been named as one of TIME’s Best Inventions of 2023.
- View the full release here: https://www.businesswire.com/news/home/20231024916754/en/
Niron Magnetics' Clean Earth Magnet™ was named to TIME's Best Inventions of 2023.
- (Photo: Business Wire)
Niron’s Clean Earth Magnet is the world’s first powerful permanent magnet free of critical minerals.
- This recognition of our powerful Clean Earth Magnet validates the overwhelming need for innovation within the materials space,” said Jonathan Rowntree, CEO, Niron Magnetics.
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Tuesday, September 12, 2023
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Niron Hashai Niron Magnetics , the company pioneering the world’s first high-performance, rare earth-free permanent magnets, today announced it has appointed Mark Schramek as Vice President, Government Affairs.
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- Niron Magnetics , the company pioneering the world’s first high-performance, rare earth-free permanent magnets, today announced it has appointed Mark Schramek as Vice President, Government Affairs.
- “We look forward to leveraging both Mark and Don’s in-depth technical and legal expertise to support Niron in advancing our global government affairs initiatives,” said Jonathan Rowntree, CEO at Niron.
- As a seasoned government relations executive within the aerospace and defense industries, he has advised senior defense, industry and congressional leadership.
- Prior to joining Niron, Schramek was Executive Director, Corporate and Government Affairs for Cirrus Aircraft, a global general aviation aircraft manufacturer.
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Video game Niron Magnetics , the company pioneering the world’s first high-performance, rare earth-free permanent magnets, today announced that it will participate in the 2023 Advanced Research Projects Agency - Energy (ARPA-E) Energy Innovation Summit , taking place March 22-24, 2023 in National Harbor, Maryland.
Key Points:
- Niron Magnetics , the company pioneering the world’s first high-performance, rare earth-free permanent magnets, today announced that it will participate in the 2023 Advanced Research Projects Agency - Energy (ARPA-E) Energy Innovation Summit , taking place March 22-24, 2023 in National Harbor, Maryland.
- The ARPA-E Energy Innovation Summit is an annual conference and technology showcase that brings together experts from different technical disciplines and professional communities to think about America’s energy challenges in new and innovative ways.
- At the summit, Frank Johnson, CTO, Niron Magnetics and Tom Grainger, Senior Director, Strategy and Business Development will deliver a presentation:
The Niron team will also be showcasing its technology at booth #717 during the summit.
- To learn more about Niron Magnetics and its Clean Earth Magnet® technology, please visit https://nironmagnetics.com/ .
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Wednesday, January 18, 2023
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Management Niron Magnetics , the company pioneering the world’s first high-performance, rare earth-free permanent magnets, today announced the company has appointed Jonathan Rowntree as its new CEO.
Key Points:
- Niron Magnetics , the company pioneering the world’s first high-performance, rare earth-free permanent magnets, today announced the company has appointed Jonathan Rowntree as its new CEO.
- View the full release here: https://www.businesswire.com/news/home/20230118005281/en/
Niron Magnetics CEO Jonathan Rowntree (Photo: Business Wire)
Jonathan is a seasoned executive leader with a proven track record of commercializing new-to-the-world solutions in the advanced materials space, most recently as Senior Vice President of Advanced Electronics Solutions of Rogers Corporation.
- Jonathan is enthusiastic, shares the same vision, and has the leadership skills Niron needs to bring our Clean Earth Magnet to market,” said Andy.
- “I am excited to see Niron advance to this next stage, and look forward to supporting Jonathan and the team in executing Niron’s mission.”
To learn more about Niron Magnetics and its Clean Earth Magnet® technology, please visit https://nironmagnetics.com/ .
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Tuesday, November 22, 2022
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Cassette tape Nirons project was selected by ARPA-E from a competitive pool of energy industry applicants to support the commercialization of its Clean Earth Magnets.
Key Points:
- Nirons project was selected by ARPA-E from a competitive pool of energy industry applicants to support the commercialization of its Clean Earth Magnets.
- The project will expand Nirons current capacity to sample to customers, accelerating the prototyping and qualification of Clean Earth Magnets in commercial products.
- This SCALEUP grant accelerates our trajectory, said Andy Blackburn, CEO of Niron Magnetics.
- Six leading global manufacturers of devices that rely on magnets have partnered with Niron on the SCALEUP project, spanning various end-use industries.
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VOLTA ENERGY TECHNOLOGIES Niron Magnetics , the company developing the worlds first high performance permanent magnets free of rare earths, today announced it has raised $21.3M in new financing.
Key Points:
- Niron Magnetics , the company developing the worlds first high performance permanent magnets free of rare earths, today announced it has raised $21.3M in new financing.
- Instead, Niron utilizes some of the most common elements on earth iron and nitrogen to deliver better performance and lower costs.
- "Volta is excited to be invested in Niron Magnetics as the company introduces their rare-earth-free permanent magnets for use in electric motors.
- Niron participates in a U.S. Department of Energy funded project that aims to develop more cost effective and sustainable drivetrains for electric vehicles.
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Magnet Such applications are typically reliant solely on rare earth permanent magnets, which carry supply risks and are environmentally damaging.
Key Points:
- Such applications are typically reliant solely on rare earth permanent magnets, which carry supply risks and are environmentally damaging.
- Patents
We are honored to welcome these industry veterans and technologists to the Niron team, said Andy Blackburn, CEO of Niron Magnetics.
- To learn more about Niron Magnetics and its Clean Earth Magnet technology, please visit https://nironmagnetics.com/ .
- Niron Magnetics is developing the worlds first advanced manufacturing process for the mass production of permanent magnets powered by its breakthrough material formulation.
