Momentum Technologies has licensed Oak Ridge National Laboratory’s 3D-printed magnet technology and plans to produce the first 3D-printed magnet made from recycled materials for use in electric vehicles, wind turbines and high-speed rail.

Dallas-based Momentum Technologies has non-exclusively licensed Oak Ridge National Laboratory’s 3D-printed magnet technology and plans to commercialize the first 3D-printed magnet made from recycled materials.

ORNL has demonstrated that 3D-printed magnets can outperform those created by traditional methods and could be used in electric vehicles, wind turbines and high-speed rail. Momentum holds two other ORNL technology licenses related to the recovery of rare earth minerals and magnets from electronic waste.

“Bringing together these technologies through the Department of Energy’s Critical Materials Institute and ORNL allows us to create a sustainable domestic supply of low-cost magnets made from recycled materials recovered from hard disk drives,” said Momentum’s CEO Preston Bryant.

SOURCE: Oak Ridge National Laboratory