Press Release Summary:
The new PM-Wire technology from AML, Inc. is a new process designed to improve the performance of magnet-based technologies such as electric motors and generators. It's main functions are to increase power density and torque in magnet-based products.
Original Press Release:
Introducing PM-Wire™: A Transformative Magnet Technology That Could Change the Face of Industries and Bring Manufacturing Back to America
This new permanent magnet technology will revolutionize existing motors, generators and the emerging $80B electric motor propulsion market
MELBOURNE, Fla., Sept. 26, 2018 /PRNewswire/ -- AML Superconductivity & Magnetics (AML), the world leader in the development of magnet-based applications, has completed successful development and testing of its permanent magnet manufacturing technology, PM-WireTM (www.pm-wire.com) that is positioned to fundamentally change the way electric motors and generators are designed, manufactured and used across industries worldwide.
Today, despite a global transition from fossil fuel-based transportation to more efficient and clean electric vehicles, aircraft, and vessels for moving people and goods, significant limitations in magnet technology are keeping major producers across industries from realizing their potential in revenue, market, and environmental impact.
The breakthrough approach represented by PM-WireTM increases performance for permanent magnet-based products like electric motors and generators, so they can achieve the highest possible power density and specific torque resulting in the lowest possible weight and highest efficiency at a cost far less than any existing solution.
According to AML CEO Mark Senti, "The impact is enormous! PM-WireTM has the potential to return rare earth mining and permanent magnet manufacturing to the United States, reinventing industries, including automotive, aerospace, energy, medical and maritime. The process dramatically improves the yield and removes the highly laborious process of manufacturing which is the major driver for China's dominance of the market."
"We have developed a number of novel, potentially world changing, solutions in the area of magnetics, but this has far exceeded our wildest expectations," stated Dr. Rainer Meinke, PM-WireTM inventor and Co-Founder of AML.
PM-WireTM allows engineers the flexibility to achieve unprecedented configurations and requirements. In short, engineers will be empowered to design products optimized for their needs rather than be handcuffed to existing magnet sizes, shapes and magnetic field directions.
"We have always seen ourselves as the enabler, the "Magnets Inside," and with PM-WireTM, we are exactly that – whether it's a motor or any other permanent magnet-based product," said Senti.
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Founded in 1995, Advanced Magnet Lab, Inc. (AML or d/b/a AML Superconductivity and Magnetics) is at the leading edge for the development of breakthrough magnet-based products and solutions for electric-powered transportation, power generation, medical diagnostics and treatments and research. For more information visit: www.AML-Enabled.com
Cautionary Information Regarding Forward-Looking Statements
Forward-looking statements contained in this press release are made under the Safe Harbor Provision of the Private Securities Litigation Reform Act of 1995. Any such statements are subject to risks and uncertainties that could cause actual results to differ materially from the anticipated. The information contained in this release is as of September 25, 2018. Advanced Magnet Lab, Inc. assumes no obligation to update forward-looking statements contained in this release as the result of new information or future events or developments.