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 is intended to support the 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 aims to enable AML to manufacture consistent, fully traceable patented magnets for the U.S. defense supply chain. AML's technology focuses on creating magnets with 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 is facilitated by a two-year contract with the DLA for supply chain management, alloying, and permanent magnet manufacturing, including optimization of alloy composition 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.”
AML's innovations are significant because they improve upon the Chinese technologies that the U.S. commercial and defense industries currently rely on, providing greater manufacturing efficiency and superior performance with less environmental impact and energy consumption. The grant underscores the strategic importance of reducing dependence on foreign sources for critical materials.
Royalty Management participates in AML's growth through an investment in convertible debt, which supports a sponsored research program with AML. Under this arrangement, RMCO receives a royalty on all sales of products derived from the developed technologies. This investment aligns with the company's model of acquiring and developing high-value assets in resource-driven and emerging technology industries.
For more information about AML, visit https://www.mitusmagnets.com/. For more about Royalty Management Holding Corporation, visit https://www.royaltymgmtcorp.com.
