MagnaDrive Corporation was founded in 1999, and is based of Seattle, WA. The promoter of MagnaDrive is Ron Woodard, who is the former president of Boeing Company. Meanwhile, William H. Gates, Sr., who is Bill Gates’ father, also is one of the shareholders of MagnaDrive. Most of the member of research and development team came from the transmission technology department of Boeing Company.
MagnaDrive’s breakthrough magnetic technology has the advantages of energy saving, high technology, low carbon emissions and provides a cost effective to increase reliability and lower maintenance expense while achieving energy savings and process control. The impact and potential of the technology was recognized by Industry Week magazine, which was selected MagnaDrive as Technology of the Year in 2001. MagnaDrive also obtained the support and supply by the US Department of Energy (DOE). Recently, Deloitte named MagnaDrive one of the 100 fastest growing technology companies in North America. The company’s intellectual property is protected by 20 in US and more than 200 international patents. MagnaDrive’s technology has conducted several tests including the strictest 9-G shock by US Navy. Both US Navy and Boeing Company are MagnaDrive’s customer now. During the past over ten years development, MagnaDRive has become to be the biggest global magnet transmission technology supplier which products have been delivered to over 40 countries and areas, including the typical industrial market of Pulp & Paper, Power Generation, Irrigation, Maritime, Chemical Processing, Mining & Cement, Oil & Gas, Iron & Steel.
Website:www.magna-drive.com