Category Archives: Press Releases

AML CEO To Present To Investors At OktoberINVESTfest in NYC

MELBOURNE, FL –(October 1, 2017) – AML Superconductivity and Magnetics (AML) has been selected to present to over 250 investors and industry experts from the life science and tech sectors as well as government representatives at OktoberINVESTfest in New York City. This annual event, hosted by Invest in Bavaria, is celebrating its six-year of bringing together leading companies and financiers from around the world.

This event, held on October 25th, aims to foster innovation and transatlantic investment through connecting companies with growth opportunities in Europe, notably Bavaria, which is a top-tier region in Europe for medical devices, biotech, mobility and other emerging technologies.

Mark Senti, AML’s CEO will present the company’s investment and business strategies with an overriding objective to secure strategic and investment partnerships for commercialization of electric propulsion for electric aircraft such as drones, eVTOL (Electric Vertical Take Off and Landing vehicles) and next generation passenger aircraft.

AML’s enabling electric propulsion technology has the potential to set a new standard – the lightest and most efficient motors available today, which is a key component to the successful development of next generation transportation systems.

“With eVTOLs already in flight in the Middle East and with the U.S. expecting to have full operations of flying cars in less than 5 years, the future of electric aircraft is today,” stated Senti.

Over the past two decades AML has narrowed and refined its expertise to become a world leader in magnet and magnet application development. “Given that magnets are the heart of electrical propulsion, we believe that our efforts for enabling electric transportation (E-mobility) will change the world, “ added Senti. This lays the groundwork for disrupting multiple, multi-billion dollar markets.

About AML Superconductivity and Magnetics

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 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.

About Invest in Bavaria

Invest in Bavaria, the investment promotion agency of Germany’s largest, most innovative state – Bavaria. Bavaria is a top-tier region in Europe and the German #1 for medical devices, biotech and mobility. It’s capital Munich, as rated by the European Commission, is Europe’s #1 tech hub. The Bavarian U.S. Offices for Economic Development, LLC, is the representative organization for Invest in Bavaria in the United States.

Event Link

 

AML Superconductivity and Magnetics Attends Global Tech Summit

CEO Presents Plan to Advance Aerospace and Medicine with Core Technology

MELBOURNE, FL (October 1, 2017) – AML Superconductivity and Magnetics (AML) was recently invited to attend the Wyoming Global Technology Summit where CEO Mark Senti presented AML’s plan to advance aerospace and medicine with its game-changing core technology.

The summit was hosted by The Jackson Hole Technology Partnership (JHTP), a non-profit organization, founded on the principle of identifying new technologies relevant to rural populations and accelerating access to these technologies on a global scale. It’s founding members include current Wyoming Governor Matt Mead among other technology and business leaders.

The summit, held on September 19 – 20th, provided AML a platform for connecting with some of the most innovative minds in science and technology with some of the world’s leading visionaries. Mr. Senti participated in a series of talks addressing the leading advancements in life science, artificial intelligence, and electric aircraft.

Notably, Senti delivered a 30-minute talk, which highlighted AML’s enabling Technology Platform and how it is positioning the company to advance aerospace and medicine. During the presentation, Senti conveyed to the audience AML’s plan of “addressing the unmet challenges for practical electric aircraft propulsion and breakthrough medical solutions by utilizing the company’s enabling intellectual property.”

“We’re talking about making a significant impacts, a completely non-invasive and drug free method for removal of plaque in blood vessels is something you may see coming from our advancements with magnetic applications in medicine” he announced.

An emerging area of discussion at the summit was the development of electric aircraft, specifically known as eVTOL (Electric Vertical Take Off and Landing vehicles).

“These vehicles are already being demonstrated in Dubai and are set to be in full operation in the US in less than 5 years” Senti stated during his talk.

AML’s enabling electric propulsion technology has a strong opportunity to make waves in this market area, providing the lightest and most efficient propulsion motor option available for aircraft, leading the way for electric machines enable electric transportation (E-mobility). As a world leader in magnet development for electrical machines, the company is positioned to disrupt multiple, multi-billion dollar markets.

About AML Superconductivity and Magnetics

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 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.

About The Jackson Hole Technology Partnership (JHTP)

The Jackson Hole Technology Partnership (JHTP) is a non-profit, 29 U.S.C. 501(c)(3), entity, that was founded to identify new technologies relevant to rural populations and accelerate access to those technology on a global scale. The JHTP solves rural challenges by accelerating technologies that improve biotech and healthcare delivery, energy, information security, mobile banking, agriculture, transportation, communication and clean water and clean air. The JHTP hosts the Wyoming Global Technology Summit annually.  For more information visit:

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AML Appoints Aerospace Expert to the Board of Advisors

Melbourne, Florida: AML Superconductivity and Magnetics (AML) announced that Marshall L. Heard, retired Vice President of The Boeing Company was appointed to the Company’s board of advisors.

“Marshall has an exceptional background with over 50 years of experience in the aerospace industry including managing numerous dollar programs for Boeing. The addition of Marshall bolsters AML’s team for commercialization of AML’s electric aircraft propulsion motor business. AML is very fortunate to have Marshall’s sector experience in engineering, marketing, business development, and program management.”

Marshall L. Heard Bio

 

AML’s Magnet Technology Recognized As Enabler For Cancer Treatment

Through support from the Department of Energy, the Lawrence Berkeley National Laboratory (LBNL) in collaboration with Switzerland’s Paul Scherrer Institute and leading medical company Varian Technologies are applying AML’s enabling technologies for demonstration of next generation charged particle therapy beam optics for cancer treatment such as proton and carbon therapy.

Most oncologists regard particle therapy as the preferred choice for treating tumors, it utilizes magnets for steering, focusing and correcting particle beams for delivering protons to eradicate cancerous tissue with virtually no harm to healthy tissue. However, these large, hospital size facilities are very expensive and therefore limit availability to patients’ world-wide.

One key cost driver, is the very large and heavy magnets located on the particle beam delivery “gantry” which can weigh over 600 tons. The magnets are used to bend the beam around the gantry and deliver the beam to the patient.

AML’s Double-HelixTM technologies enables magnet configurations that uniquely address such issues. For applications such as particle therapy this includes: bent (canted) and highly-pure magnetic fields; combined function fields; high ramp rates; quench free stabilized structures all protected by a comprehensive patent portfolio.

AML Enabled – Alternating-gradient canted cosine theta superconducting magnets for future compact proton gantries.

AML Appoints Medical Device Expert to the Board of Advisors

Melbourne, Florida: AML Superconductivity and Magnetics (AML) announced that Michael J. Partsch, a venture capitalist, serial medical device entrepreneur, and presently CEO of privately held AcceleMed Management, Inc. was appointed to the Company’s board of advisors.

“Mike has an extraordinary background with nearly 25 years of medical device startup and company exit experience and we are delighted that he is joining AML’s team,” said Mark Senti, AML President. “The addition of Mike to the Advisory Board is perfectly aligned with AML’s strategy to leverage AML’s unique technologies currently applied in non-medical markets for medical device products.”

Partsch currently serves as CEO of AcceleMed Management, Inc., a privately held company located in San Carlos, Calif., a medical device innovation company dedicated to accelerating the development of medical device innovation. Partsch has been active in California’s Silicon Valley for over 10 years, bringing together technologies and clinicians for magnetic related treatments such as Transcranial Magnetic Stimulation (TMS). TMS uses magnetic fields to stimulate regions of the brain for treating depression, pain and addiction with strong potential for other neurological disorders such as Alzheimer’s and Epilepsy.

Michael J. Partsch Bio 

AML Expands Its Business Opening Of An Office In The Silicon Valley

Melbourne, Florida: AML Superconductivity and Magnetics (AML), currently celebrating its 20th Anniversary as a leading technology developer, announced today that it is moving its business development activities to the Silicon Valley. Now based out of Palo Alto, California, AML’s new business activities  leverages the Valley’s unique ecosystem of leading technology companies, research and the world’s hotbed for venture capital.

According to the Company’s Chief Scientist and Co-founder, Dr. Rainer Meinke, “I am extremely excited with this decision to put the company at center-stage for global deployment of our proven technology platform in new markets – such as game changing medical diagnosis and treatments.”

The move is expected to result in significant business engagements based on the strong value proposition for enabling high-impact applications within a business environment that thrives on next generation solutions for energy, medicine, water, and the environment.

“Business development activities will leverage AML’s existing relationships with leading organizations in the Silicon Valley to establish joint product developments, technology licensing and the creation of new medical device focused companies,” says Mark Senti, AML President, who will lead this initiative.

Chile’s President Visits AML’s Laboratory in Viña Del Mar

On July 17, 2015 Chile’s President, Michelle Bachelet, accompanied by the Minister of Ecomomics, Development and Tourism, Luis Felipe Céspedes; the Mayor of Valparaiso, Ricardo Bravo and the Mayor of Viña del Mar, Virginia Reginato, toured the laboratories and facilities which house AML’s Impact Innovation Alliance and its joint venture partner Advanced Innovation Center – Chile. The center’s director, Alfredo Zolezzi, hosted the visit.

The innovation center provides unique capabilities and technologies for research and development aimed at addressing high impact applications for energy, water and the environment. Core technologies such as superconductivity, magnetics and plasma are currently being applied for the development of potable water sanitization systems and industrial wastewater treatment solutions.

The President addressed the innovation team members and press where she stressed the importance of innovation which – “in addition to a technical or scientific value, has great value for the community, because they generate economic, social and environmental impact. There is no doubt achieving this virtuous combination is the greatest merit of the project led by Alfredo Zolezzi.”

Photos courtesy of the Government of Chile

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Florida’s Best Honored at Hard Rock Live

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.

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New Superconducting Magnet Will Lead to Next Generation of Wind Turbine Generators

News Release:  U.S. Department of Energy Wind Program R&D Newsletter: October 2014

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.

AML Named 2014 Florida Companies to Watch Winner

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.