Royalty Management Holding Corporation (Nasdaq: RMCO), a royalty company focused on acquiring and developing high-value assets, 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 the continued development and expansion of AML's domestically produced, high-grade sintered Neodymium Iron Boron (NdFeB) permanent magnet technology for defense applications and other high-end uses.
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 its PM-Uniform and PM-Axial magnets, which are wire-like configurations that improve thermal efficiency and power density in motors, dramatically increasing the efficiency of permanent magnets.
The award also includes a two-year contract with the DLA for supply chain management, alloying, and permanent magnet manufacturing, including alloy composition optimization for various magnet grades through advanced manufacturing techniques.
Thomas Sauve, Chief Executive Officer of Royalty Management, commented, “AML has consistently demonstrated that their technologies for magnet production are superior to the current paradigm of available options. With their technologies around permanent magnet production, we will see a new, more efficient use of how these magnets are used in specialty motors and high application systems. 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 and we are excited for them as they continue to execute on their mission and vision.”
The significance of this grant extends beyond AML and Royalty Management. AML's innovations aim to reduce U.S. reliance on Chinese magnet technologies, which currently dominate the market. By providing greater manufacturing efficiency and superior performance with less environmental impact and energy consumption, AML's magnets could strengthen national security and supply chain resilience.
Royalty Management participates in AML's growth through an investment in convertible debt, which funds a sponsored research program. In return, RMCO receives a royalty on all sales of products derived from the developed technologies. This structure allows Royalty Management to benefit directly from AML's success while supporting domestic advanced manufacturing.
For more information about Royalty Management Holding Corporation, visit www.royaltymgmtcorp.com. For details on Advanced Magnet Lab, visit www.mitusmagnets.com.
