Niron Magnetics Stock

nironmagnetics.comIndustrial / ManufacturingFounded: 2014Funding to Date: $96.33MM

Niron Magnetics, Inc. is creating sustainable and high-performance permanent magnets without the use of rare earth materials. This technology is particularly relevant as the demand for permanent magnets increases due to the rise of green technology and electrification across various sectors, including consumer electronics, automotive, and industrial applications. Iron's approach not only aims to mitigate the environmental and geopolitical issues associated with rare earth mining but also seeks to enhance the performance and cost-effectiveness of magnets used in various applications. Their magnets are designed to offer high magnetic field strength and enhanced temperature stability.

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Updated on: Apr 21, 2024

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