News and Press Releases

Press Releases

Forbes Magazine Names Palm Bay 11th Most Innovative City in America

June 10, 2010 – When it comes to innovative companies and people Palm Bay is voted among the best in the country for cities with the knowledge and capabilities to invent new technologies that create new jobs. Forbes Magazine put Palm Bay at number 11 in its top 20 list of innovative cities, outranking larger cities like Minneapolis, MN, Rochester, NY, Denver CO, and Tucson AZ. The ranking is based on the 100 largest metropolitan areas in the United States and used data from the U.S. Patent and Trademark Office along with information from the National Venture Capital Association to determine the ratios of high-tech, science and “creative” jobs. The categories included the number of technical and science jobs, creative jobs, patents per capita and venture investment per capita. Palm Bay ranked 20th for tech science jobs, 13th for creative jobs, 14th patents per capita and 38th in venture investment per capita.

Palm Bay Firm Engages Financial and Strategic Advisor

March 17, 2010 – Advanced Magnet Lab, Inc. (AML), announced its engagement of Skyway Capital Partners to support AML’s strategic activities, especially those related to corporate finance and AML’s numerous strategic partnership options. “AML has arrived at a long‐awaited inflection point in its lifecycle. We have been working on disruptive electromagnetic solutions for 15 years, and our most important discoveries are now ready to move into the mass market,” said AML president, Mark Senti. “As AML moves into a growth stage, the strategic interest is increasing. We are counting on Skyway to help us navigate our best possible course.”

Double-Helix™ Superconducting Magnet Test Successfully Completed

August 13, 2009 – Advanced Magnet Lab (AML) completed another successful test of a Superconducting Magnet, built using AML’s Double-Helix™ (DH) Magnet Technology. DH is a breakthrough discovery in electro-magnet design and packaging which among others includes: specialized software for CAD driven coil design, modeling & analysis, innovative methods for creating pure magnetic fields in a wide range of configurations with no systematic errors and manufacturing technology for reliable and automated production of high performance magnets.

Angels and Demons … and Magnets?

June 30, 2009 – The recent box office hit ‘Angels and Demons’, starring Tom Hanks, describes a plot to blow up the Vatican. In the story, a small quantity of antimatter, stolen from a large research laboratory, has the explosive power of a nuclear weapon. While the story invented by the best seller author Dan Brown is pure science fiction, a high tech company, Advanced Magnet Lab, Inc. (AML), in Palm Bay Florida is working on technology that enables research on the exotic substance, antimatter, which might one day help making Star Trek reality.

Revolutionary Direct Double-Helix™ Technology

February 27, 2008 – The Advanced Magnet Lab (AML), Melbourne, Florida announces their latest breakthrough in magnet technology called Direct Double-Helix™. This technology enables the design and manufacturing of magnet coils “directly” without conventional conductor and winding processes. Additionally, coil configurations can be optimized vary conductor characteristics such as significantly reducing coil resistance/heat load along the 3D coil path – while still achieving perfect fields of most any multipole order.

DOE Grant to further develop Enabling Magnet Technology

July 13, 2007 – The Advanced Magnet Lab, Inc. (AML), Melbourne Florida has been awarded a Phase II SBIR grant from the US Department of Energy (DOE) for the development of “Bent Dipole” superconducting accelerator magnets based on AML’s patented Double-Helix™ (DH) technology. Magnets based on this breakthrough technology show significantly improved field quality, robustness, reliability, radiation resistance, and even reduced costs.