Royalty Management Holding Corporation (Nasdaq: RMCO) announced that its portfolio holding, Advanced Magnet Lab (AML), has been awarded a $2 million grant and contract from the United States Defense Logistics Agency (DLA). The funding will support continued development and expansion of AML's domestically produced high-grade sintered NdFeB (Neodymium Iron Boron) permanent magnet technology for defense and other high-end applications.
The DLA contract is designed to enable AML to manufacture consistent, fully traceable patented magnets for the U.S. defense supply chain. AML is leveraging new technologies to create magnets in unique geometries, such as its PM-Uniform and PM-Axial magnets, which are wire-like configurations that improve thermal efficiency and power density in motors.
The award also includes a two-year contract for supply chain management, alloying, and permanent magnet manufacturing, including alloy composition optimization for various magnet grades through advanced manufacturing techniques. Thomas Sauve, CEO of Royalty Management, commented, "AML has consistently demonstrated that their technologies for magnet production are superior to the current paradigm. With this grant, we are pleased to see that the United States government has recognized the strategic and commercial value that AML brings to the market."
AML's innovations aim to improve upon Chinese technologies currently relied upon by U.S. commercial and defense industries, offering greater manufacturing efficiency and superior performance with less environmental impact and energy consumption. Royalty Management participates in AML's growth through an investment in convertible debt, which supports a sponsored research program, and RMCO receives a royalty on all sales of products derived from the developed technologies.
For more information about Royalty Management, visit www.royaltymgmtcorp.com. For more on Advanced Magnet Lab, visit www.mitusmagnets.com.
