ATExpo 2006: Assembly automation firm announces new funding


Discrete Control/Motors & Drives

MagneMotion's QuickStick LSM modular, linear synchronous motor system for assembly automation and material handling combines pallet and vehicle propulsion, positioning, and feedback in a single module.

Acton, MA— More funding for a magnetic levitation technology provider could eventually translate into 80% savings in lifecycle costs for your next conveyor system, according to some estimates. MagneMotion , a developer and manufacturer of assembly automation, material, and transportation systems that use electro-magnetic technology, has secured a $3 million mezzanine round of funding for growth and marketing of its linear synchronous motor (LSM) and core development of its magnetic levitation (MagLev) technologies. The announcement coincided with the firm's participation at the Assembly Technology Expo held last week in Rosemont, IL (near Chicago).

The funding is led by Massachusetts Capital Resource Co. MagneMotion received $2 million in equity and $1 million in subordinated debt financing. The money will be used enhance MagneMotion's products. Recent initiatives include the development of an urban MagLev demonstration system in cooperation with the Federal Transit Administration and an LSM-based weapons transport elevator for the U. S. Navy. MagneMotion's QuickStick LSM propulsion and control system is said to provide a faster, cleaner, and more advanced alternative to conventional methods of assembly automation and material handling.

MagneMotion's electromagnetic transportation, assembly, and logistics systems use linear synchronous motors and MagLev technology to automate manufacturing and transportation systems. The technology is scalable and adaptable to many applications from small material handling systems and large people movers. Key elements include linear motor propulsion, position sensing, guidance, and control. Less maintenance resulting from fewer moving parts is among the technologies greatest advantages, said Joseph Meagher, MagneMotion's product manager, demonstrating the system on the show floor. Meagher noted one customer in Asia cut costs some 80% replacing a traditional conveyor system with an electromagnetic-based one.

—Control Engineering Daily News Desk
Jeanine Katzel , senior editor

No comments
The Engineers' Choice Awards highlight some of the best new control, instrumentation and automation products as chosen by...
The System Integrator Giants program lists the top 100 system integrators among companies listed in CFE Media's Global System Integrator Database.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
This eGuide illustrates solutions, applications and benefits of machine vision systems.
Learn how to increase device reliability in harsh environments and decrease unplanned system downtime.
This eGuide contains a series of articles and videos that considers theoretical and practical; immediate needs and a look into the future.
Big Data and IIoT value; Monitoring Big Data; Robotics safety standards and programming; Learning about PID
Motor specification guidelines; Understanding multivariable control; Improving a safety instrumented system; 2017 Engineers' Choice Award Winners
Selecting the best controller from several viewpoints; System integrator advice for the IIoT; TSN and real-time Ethernet; Questions to ask when selecting a VFD; Action items for an aging PLC/DCS
This digital report will explore several aspects of how IIoT will transform manufacturing in the coming years.
Motion control advances and solutions can help with machine control, automated control on assembly lines, integration of robotics and automation, and machine safety.
This article collection contains several articles on the Industrial Internet of Things (IIoT) and how it is transforming manufacturing.

Find and connect with the most suitable service provider for your unique application. Start searching the Global System Integrator Database Now!

Future of oil and gas projects; Reservoir models; The importance of SCADA to oil and gas
Big Data and bigger solutions; Tablet technologies; SCADA developments
SCADA at the junction, Managing risk through maintenance, Moving at the speed of data
Automation Engineer; Wood Group
System Integrator; Cross Integrated Systems Group
Jose S. Vasquez, Jr.
Fire & Life Safety Engineer; Technip USA Inc.
click me