Florida celebrated entrepreneurial rock star companies and highlighted the importance of second-stage businesses to Florida’s economy. More than 450 people attended the event, held at Hard Rock Live, CityWalk in Orlando. Florida Companies to Watch is an awards program that celebrates privately held second-stage companies headquartered in the state. Awardees are selected for demonstrating the intent and capacity to grow based on employee or sales growth, exceptional entrepreneurial leadership, sustainable competitive advantage, outstanding corporate culture, inspired community giving and other notable strengths.
AML Superconductivity and Magnetics, in conjunction with the U.S. Department of Energy’s (DOE’s) Argonne National Laboratory, recently announced that their superconducting magnet system passed a landmark reliability test, demonstrating its potential suitability for wide-scale commercial applications. This new superconducting magnet will help establish a new generation of turbine generators that are roughly half the size and weight of those currently in operation.
In 2012, DOE funded AML’s design for a superconducting generator for large-scale, high-efficiency offshore wind turbines. AML worked with its partners, Emerson Electric Corporation, Creare Inc., DNV USA, and DOE’s Argonne National Laboratory to develop the design for a 10-megawatt (MW) direct-drive fully superconducting generator. According to AML’s Vice President of Development, Vernon Prince, the design has been thoroughly vetted and validated by DOE and is ready for a full-scale demonstration project and volume manufacturing.
Key potential advantages of the AML direct-drive generator include improved scalability, reduced weight, and coils that are free of rare-earth materials. AML’s design does not require a gearbox, which may lead to improved reliability and reduced maintenance costs. Although this may also be true for contemporary, gearbox-free direct-drive generator designs, the AML generator makes a magnetic field using superconducting windings that are more powerful and compact than copper-based alternatives. They are also constructed of more readily available and lower-cost materials than permanent-magnet-based generators, which are sensitive to cost fluctuations in the volatile rare-earth magnet market. In addition, AML calculates that its generator will weigh up to 50% less than a comparable permanent-magnet rare-earth generator with a 10-MW power rating. A lower generator mass has major system benefits, including a lighter—and thus less expensive—tower, and reduced installation costs through the use of smaller cranes and offshore vessels.
Palm Bay, Florida: AML Superconductivity and Magnetics is proud to be selected as one of fifty leading second-stage companies selected from approximately 600 nominations statewide, as this year’s class of Florida Companies to WatchSM.
Florida Companies to Watch is an organization that celebrates privately held second-stage companies headquartered in the state. To be eligible, applicants must employ between 6 and 99 full-time equivalent employees and have between $750,000 and $50 million in annual revenue or working capital in place. Awardees are selected for demonstrating the intent and capacity to grow based on employee or sales growth, exceptional entrepreneurial leadership, sustainable competitive advantage, outstanding corporate culture, inspired community giving and other notable strengths.
“AML is proud to be recognized as a 2014 Florida Company to Watch,” said Mark Senti, President and Chairman. “AML’s model has always been to take any challenge or task and provide a solution that has never been thought of before – AML is accepting the challenge of leading Florida in the coming decades of innovation and creating significant economic returns to the state. Our company is now entering large and high-impact applications, addressing multi-billion dollar markets, based on transformational technologies applied to the areas such as offshore wind power, power distribution, aerospace propulsion, and medical applications.”
“Florida Companies to Watch is honored to recognize another outstanding group of stage-two companies,” said Dr. Tom O’Neal, executive director of the Florida Economic Gardening Institute and associate vice president for the University of Central Florida’s Office of Research and Commercialization. This is our fourth year of celebrating second-stage business leaders throughout the state of Florida. The companies selected for the Florida Companies to Watch awards program stand out among their peers as companies that should be celebrated. In Florida, they account for 5 percent of the companies and nearly 30 percent of the jobs. These companies make a difference and we’re happy to offer the recognition they deserve.”
Florida Companies to Watch is unique because of its focus on second-stage companies and the wide-ranging industries they represent. The impact of these companies on Florida’s economy is immense, and this year’s honorees are examples of such companies in the state. Overall, the 2014 winners had $370 million in total annual revenue in 2013, which was a 36 percent increase in total annual revenue compared to 2012. They employed 1,757 full-time equivalent employees, with 462 net new jobs projected for 2014.
“We’ve seen countless examples of mid-size companies bringing the spotlight to Brevard’s manufacturing community,” said Lynda Weatherman, president and chief executive officer of the Economic Development Commission of Florida’s Space Coast. “Thank you to AML for shining the light on the talent and growth that exists here and congratulations for being named to this elite group that is making a difference within our region, the state of Florida, and beyond.”
2014 Sponsors include Wells Fargo, TWSquared, University of Central Florida, Florida High Tech Corridor, atLarge, Inc., Carlton Fields Jorden Burt, Filmscape, OUC, AMTIS Inc., Enterprise Florida, Fifth Third Bank, Florida Power & Light, Insperity, LSQ Funding, Sorensen Moving & Storage, SunTrust, USF Connect. For more details on Florida Companies to Watch, visit GrowFL.
AML clears final hurdle toward broad commercialization of superconductivity: advanced magnet system passes critical reliability test
AML Superconductivity and Magnetics and Argonne National Laboratory announced today that one of the world’s most sophisticated superconducting magnet systems passed a landmark reliability test that demonstrates its suitability for wide-scale commercial application. The successful test is the latest in a series of recent AML milestones that promises to accelerate the “mainstreaming” of superconductivity into such high-impact applications as power generation and distribution, advanced medical procedures, electric-powered transportation and wastewater treatment.
AML president Mark Senti stated that while the magnet system that was tested is intended for use in an international science project located in Europe, its fundamental design employs an array of enabling superconducting magnet and manufacturing technologies, and unprecedented field characteristics. This design has now been validated for broader use in such platform products as rotating machines including significantly smaller, lighter and super efficient motors, generators, and all-electric propulsion systems.
“We now have the proven building blocks and comprehensive end-to-end development process to make superconductivity practical and affordable on a broad commercial scale for the first time since it was discovered over 100 years ago,” said Senti, “Now, by offering application development services and defined field-of-use technology license agreements to visionary companies, we can rapidly propagate the application of superconductivity in critical multi-billion-dollar markets while addressing some of humanity’s most pressing challenges.”
Jerry Nolen, Distinguished Fellow of Argonne National Laboratory, oversaw the complex and stringent qualification test, conducted at the National High Magnetic Field Laboratory in Tallahassee, Florida. “This test has redefined the standards of magnetic performance and represents a long-awaited breakthrough in the advancement of superconducting technology,” said Nolen. AML’s Chief Technology Officer, Dr. Rainer Meinke, is responsible for the creation of the proprietary end-to-end process that yielded the company’s sophisticated magnet technology. “Our approach combines proprietary materials and revolutionary magnetic coil configurations to overcome the most persistent challenges of superconducting systems.” Meinke asserted, “As a result, our magnet technology not only demonstrates previously unobtainable field characteristics, it also achieves the reliability required for broad commercial adoption.”
According to Meinke, breakthrough performance characteristics demonstrated in the test include:
- Unprecedented field uniformity, whereby very high field quality is maintained over the entire magnet, including the coil ends, without the need for correction coils.
- Zero quench training, which validates the system’s stability and reliability, and significantly reduces system cost by eliminating the need for extensive testing.
- Rapid power ramping, while still maintaining high field quality and stability.
- The integration of multiple complex coil configurations: the AML system incorporated four separate, independent configurations, all within the same field volume.
The landmark quench test follows two other significant developments for AML and its technology:
One occurred in 2012, when the U.S. Department of Energy (DOE) selected AML’s design for a superconducting generator as the department-endorsed standard for large scale, high-efficiency offshore wind turbines. The generator is designed to produce greater than 10 megawatts of electricity—enough power for over 5,000 homes–at half the size and weight of conventional generators. “This design, thoroughly vetted and validated by DOE, is ready for a viable licensing partner to commit to full-scale demonstration and volume manufacturing.” Said AML’s Vice President of Development, Vernon Prince, “And the market is big. Projected global growth trends in offshore wind energy indicates a need for thousands of such generators over the next 10 to 12 years, totaling over $30 billion.”
The other recent landmark event in AML’s march toward commercialized superconductivity is the formation of The New Century Alliance—a $20 million joint venture that teams AML with Chile’s Advanced Innovation Center and Avina, the sustainability-focused social impact foundation. The joint venture will serve as global venue for demonstrating the commercialization of superconductivity for energy and the environment. It’s stated mission is to accelerate demonstration and global commercialization of superconductivity for energy and the environment, improve the quality of life at the “base of the pyramid.”
“These most recent AML milestones bring our nearly 20 years of research, innovation and strategic partnerships with leading corporations and institutions into a sharp, highly focused path toward the successful mainstreaming of superconductivity.” Said Senti, “We’re confident and motivated in our role as market leader in this technology, and welcome to opportunity to work with visionary companies to transform markets around the world.
About Argonne National Laboratory
Argonne National Laboratory seeks solutions to pressing national problems in science and technology. The nation’s first national laboratory, Argonne conducts leading-edge basic and applied scientific research in virtually every scientific discipline. Argonne researchers work closely with researchers from hundreds of companies, universities, and federal, state and municipal agencies to help them solve their specific problems, advance America’s scientific leadership and prepare the nation for a better future. With employees from more than 60 nations, Argonne is managed by UChicago Argonne, LLC for the U.S. Department of Energy’s Office of Science. For more, visit www.anl.gov.
About AML Superconductivity and Magnetics
Founded in 1995, AML is at the leading edge for the development of innovative products and solutions for energy, medical treatments and the environment. Combining their unique expertise with proprietary design software, magnet technology and manufacturing processes, the company has a long history of successful applications. Validated by the Department of Energy, NASA, international laboratories, universities and corporations, AML is at the forefront for applying superconductivity to power generation and distribution, advanced medical procedures, electric-powered transportation and wastewater treatment. Formerly known as Advanced Magnet Lab.
Former Florida Congressman and Attorney General to strengthen AML’s growth strategy with
experience in finance, international commerce, and state and federal law and regulations.
Palm Bay, Florida – Advanced Magnet Lab, Inc. (AML) announced today the appointment of former US Congressman and Florida Attorney General Bill McCollum to the company’s board of directors.
AML Chairman and President Mark Senti stated that McCollum’s addition to the board will help advance the company’s ambitious growth plans as the industry leader in superconductivity and innovative magnet based solutions for energy, medical, defense and aerospace. “Bill comes to the table with a wealth of knowledge and relationships in a range of critical areas, including international trade, governmental policies and regulations.” said Senti, “His national and Florida State public service, combined with his experience as a board member for both private and public sectors, strengthens AML’s board at a pivotal point in the company’s evolution. He’ll be a valuable key team member as we pursue significant growth with our multifaceted business model, especially as we engage global partners for licensing and joint ventures.”
McCollum is currently a partner at Dentons–one of the world’s largest multinational law firms. He maintains a keen interest in his native Florida as a long-time champion of the state’s growth as a haven for businesses that develop clean technology, especially technology that has positive social impact. “I’m excited and proud to be a part AML’s leadership.” said McCollum, “This is a company whose vision and innovations have the potential of transforming everything from energy production to space exploration, and it’s making Florida an even stronger gateway to a wide range of international markets.”
A Central Florida native, he served as Florida’s Attorney General from 2007 to 2011, where he addressed issues ranging from consumer protection to the Deepwater Horizon oil spill. Prior to his term as Attorney General, McCollum was a ten-term US Congressman, serving on the Judiciary, Banking and Intelligence committees, chaired subcommittees on Judiciary and Intelligence and served as Vice Chairman of the Banking Committee. He earned his Bachelor’s and Law degrees from the University of Florida. Early in his career, he practiced with a Florida firm specializing in insurance defense and was in the Navy Judge Advocate Generals Corps. He is a retired commander in the United States Naval Reserves, where he served for 23 years.
About Advanced Magnet Lab, Inc.
Founded in 1995, AML is at the leading edge for the development of innovative products and solutions for energy, medical and aerospace. Combining their unique expertise with proprietary design software, magnet technology and manufacturing processes, the company has a long history of successful applications. Validated by the Department of Energy, NASA, international laboratories, universities and corporations, AML is at the forefront for applying superconductivity into large wind turbine generators, large industrial motors, power transmission and propulsion systems.
Santiago, Chile – A new joint international business and research venture announced today will tap into a scientific phenomenon discovered more than a century ago to help deliver affordable, sustainable energy, clean water and environmental solutions for decades to come.
Working together, Florida-based Advanced Magnet Lab (AML), Advanced Innovation Center – Chile (AIC) and Latin America’s Fundación Avina will take advantage of AML’s unique approach to superconductivity as well as Chile’s vast resources to accelerate the demonstration and commercialization of the next generation of industrial motors, utility grid devices, water treatment systems and other cutting-edge technologies.
The new alliance will help Florida lead the world in superconducting applications. Florida Governor Rick Scott stated today during a Florida Trade Mission in Santiago, Chile, “Combining Florida’s world-class research facilities, such as the Advanced Magnet Lab, with Chile’s commitment to innovation will not only benefit our economy, but further elevate the state’s position as a research and development leader. Pioneering projects like this are made possible by our commitment to strengthening foreign direct investment in our state,” he said. This joint venture brings together the National High Magnetic Field Laboratory, Applied Superconductivity Center and Center for Advanced Power Systems with AML’s real-world superconductivity technology, creating a new industry with both a global impact and long-term economic development benefits for the state of Florida.
AML has vast experience developing superconducting technologies and related applications. Although superconductors have to this point been limited mostly to scientific and medical equipment such as Magnetic Resonance Imaging (MRI) machines, new uses for superconductivity are on the horizon. For example, the U.S. Department of Energy (DOE) is funding AML’s work to create a 10-megawatt (MW) superconducting generator for use in next-generation wind turbines.
“Unlike commonly used electrical conductors, superconductors exhibit no electrical resistance and zero related energy loss, when cooled to very low temperatures,” AML President Mark Senti stated. “AML is among only a few companies globally that have the know-how, experience and proven technology in superconductivity to seize this unique and extraordinary opportunity. Virtually every aspect of AML’s Energy Plan can be demonstrated within the infrastructure of Chile.”
Superconductivity and the new energy-efficient technologies it enables align closely with Chile’s existing industries and policies for economic growth, as well as the country’s abundant natural resources and growing clean energy economy.” Chile’s President, Sebastián Piñera, has labeled 2013 as the Year of Innovation, motivating both government and industry to commit significant financial and infrastructure resources to these types of ventures,” remarked Alfredo Zolezzi, founder and Chief Innovation Officer of AIC, which specializes in applying advanced research to create practical solutions.
In addition to Governor Scott, participants in today’s announcement included: Lynda Weatherman, CEO of Florida’s Space Coast Economic Development Commission; and Chilean government officials and industry representatives. “We are seeing with growing frequency signs of the international interest our economy is generating, and the joint venture between AML and the Chilean entities highlights why this trend is so important and exciting,” Weatherman said.
This partnership celebrates AML’s unique position in its industry and reminds the world of the technological and scientific strength that resides on the Space Coast,” Weatherman said. Six executives of the Florida Department of Commerce’s Enterprise Florida public-private initiative also attended today’s launch. Accelerating commercialization of superconducting applications means access to multi billion dollar markets such as offshore wind turbine generators, aero propulsion and space exploration programs.
Joint venture leaders in attendance included: AML’s Senti; AML Chief Scientist Dr. Rainer Meinke; AIC’s Zolezzi; and Avina President Sean McKaughan. “Chilean industry and government will jointly participate in the projects as providers of this infrastructure, knowledge and capital,” McKaughan said. Fundación Avina works towards sustainability and has the global capacity to facilitate collaboration of philanthropy, industry and innovations for developing high-value businesses, economically and socially, for improving the quality of life of the “base of the pyramid” and society in general.
ABOUT ADVANCED MAGNET LAB (AML) – Founded in 1995, the AML is at the leading edge for the development of innovative products and solutions for energy, medical and aerospace. Combining their unique expertise with proprietary design software, magnet technology and manufacturing processes, the company has a long history of successful applications. Validated by the Department of Energy, NASA, international laboratories, universities and corporations, AML is at the forefront for applying superconductivity into large wind turbine generators, large industrial motors, power transmission and propulsion systems.
Palm Bay, Florida (November 16, 2011) — Advanced Magnet Lab, Inc. (AML) announced today that the Company is teaming with NASA Johnson Space Center on a NASA Innovative Advanced Concepts (NIAC) grant for advancement of space radiation shielding. Radiation exposure caused by solar wind and cosmic ray background is a major issue for human space exploration missions. The goal of the research is the development of a lightweight superconducting magnetic shielding system as a means to protect crew from space radiation exposure on long duration missions beyond low Earth orbit. The advanced concepts selected for study under NIAC were chosen based on their potential to transform our future space missions, enable new capabilities or significantly alter current approaches to launching, building and operating space systems.
Similar to the earth’s magnetic field which protects the earth from space radiation, a space vehicle surrounded by a magnetic field would provide radiation protection for astronauts. Launching and deploying a vehicle surrounded by powerful magnets presents a technical challenge due to the stringent weight and safety requirements. Development of magnets providing strong magnetic fields which are lightweight and deployable requires enabling technology.
According to Shayne Westover, NASA’s Principal Investigator for the NIAC grant, “the concept of shielding astronauts with magnetic/electric fields has been studied for over 40 years and has remained an intractable engineering problem. Superconducting magnet technology has made great strides in the last decade. Coupling maturing technology with potential innovative magnet configurations, this proposal aims to revisit the concept of active magnetic shielding.” It is AML’s intent to use its innovative Double-Helix™ magnet configurations to meet NASA’s need for space radiation shielding.
AML has been considering superconducting magnet solutions for space radiation shielding for many years. Recently, AML engaged with the University of Perugia (UNIPG) and National Institute of Nuclear Physics (INFN), Italy, to investigate UNIPG’s concept for applying AML’s innovative technology to provide unique flexibility in the design and construction of very large magnets for space. This work provided a baseline for the NIAC award, which will compare magnetic shielding performance and design mass with alternate passive shielding methods such as aluminum. The study will look at efficiency, mass, and assembly/architecture concepts to deflect high cosmic radiation and solar proton events. Augmenting AML’s research is a team of space radiation experts from NASA, UNIPG, INFN, Massachusetts Institute of Technology and the National High Magnetic Field Lab.
AML’s Chief Scientist, Dr. Rainer Meinke says, “AML’s proposed solution is based on a concept of an ultra-light mechanical support structure and AML’s Double-Helix™ superconducting magnet technology. Using superconductors allows very high electrical currents to travel in a small and lightweight conductor. These high currents are required to reach the strong magnetic fields needed for sufficient radiation shielding. AML’s technology is enabling due to the inherent flexibility to configure such conductors into the optimum magnetic field shape for deflecting the radiation particles while also self-containing the large magnetic forces.”
Headquartered in Palm Bay, Florida, AML has over 16 years experience developing unique technology for energy, medical, defense and space applications. Core to AML’s technology and capabilities is a team of international experts in the fields of high-power magnet systems, superconductivity, robotics and manufacturing. AML’s comprehensive intellectual property portfolio includes enabling software, magnet and manufacturing technology.