Royalty Management Holding Corporation (Nasdaq: RMCO) announced that its key investment holding, Advanced Magnet Lab (AML), received a $2 million grant from the United States Defense Logistics Agency (DLA). The grant is intended for continued development and expansion of AML's domestically produced high-grade sintered NdFeB permanent magnet technology, which will be used in the defense industry and other high-end applications.
The DLA contract aims 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 the PM-Uniform and PM-Axial magnets, which are wire-like configurations that improve thermal efficiency and power density in motors, thereby increasing the efficiency of permanent magnets.
The award includes a two-year contract for supply chain management, alloying, and permanent magnet manufacturing, including optimization of alloy composition for various magnet grades through advanced manufacturing techniques. Thomas Sauve, CEO of Royalty Management, stated that AML's technologies for magnet production are superior to current options, and the grant demonstrates U.S. government recognition of AML's strategic and commercial value.
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 with AML, and RMCO receives a royalty on all sales of products derived from the developed technologies.
For more information about Royalty Management Holding Corporation, visit www.royaltymgmtcorp.com. For more information about Advanced Magnet Lab, visit www.mitusmagnets.com.
