Sartell, Minnesota — According to state and local development sources, Niron Magnetics plans to build out 150,000 square feet of new space in Sartell. The company is creating 175 new jobs at this facility. The company plans to occupy the new space in Sartell, on or about December 1, 2025. According to the company website Niron Magnetics is developing the worlds first advanced manufacturing process for the mass production of permanent magnets powered by its breakthrough material formulation. Nirons proprietary Clean Earth Magnet technology based on Iron nitride enables magnets that possess inherently higher magnetization and can be produced at a lower cost compared to todays rare-earth magnets and will enable a revolution in the design of new electric motors and generators.

To learn more about Niron Magnetics, visit http://www.nironmagnetics.com/

Company Contact:
Jonathan Rowntree, Chief Executive Officer
jonathan.rowntree@nironmagnetics.com
https://www.linkedin.com/in/jonathan-rowntree-72b5019/
612-876-3450

SOURCE: http://www.intelligence360.io
Copyright (c) 2024 SI360 Inc. All rights reserved.