Advanced Magnet Lab (AML)

Advanced Magnet Lab (AML)

Melbourne Florida based company the Advanced Magnet Lab (AML) had a remarkable 2020.  AML is a privately held company that is developing novel electric motor propulsion technologies and a process for producing permanent magnets outside of China.

In 2020, AML closed on three significant funding events, including:

• Licensing Agreement with a large US company and enabled AML to complete the product development of a breakthrough magnet design and manufacturing technology. Called PM-Wire™,  it reduces the cost and significantly improves the performance of the end-use products such as motors.

• Project MITUS. Funding (U.S. Source Confidential) the design and build of a PM-Wire™ Pilot Manufacturing Line. The line will be commissioned and ready for high volume manufacturing by December of 2021.

• US Department of Energy – Award funding the development of All-Electric Drivetrains for large commercial aircraft using PM-Wire™ by 2023.

Magnets are a critical component to consumer products like power tools, appliances, cell phones, electric vehicles, drones, wind turbines and defense systems.

The year 2021 begins with a backlog of PM-Wire™ design and prototype contracts transitioning by years end goal for bringing “Manufacturing Back to America”!