- 5E Advanced Materials (5EA) reaches a research collaboration agreement with Georgetown University for the advancement of boron based materials research in permanent magnets
- Under the agreement, 5E will provide funds to and collaborate with Georgetown in exploring boron-based novel magnetic materials
- 5E says this research has the potential to create intellectual property and commercialisation pathways for 5E
- The company states the agreement aligns with 5E’s strategy to become a global leader in boron specialty and advanced materials by collaborating with innovative leaders
- 5EA shares are down 3.62 per cent, trading at $3.33 per share
5E Advanced Materials (5EA) signed a research collaboration agreement with Georgetown University for the advancement of boron based materials research in permanent magnets.
Under the agreement, 5E will provide funds to and collaborate with Georgetown in exploring boron-based novel magnetic materials.
5E has said that this research has the potential to create intellectual property and commercialisation pathways for 5E as it pertains to the manufacturing of boron enhanced permanent magnets.
The company also mentioned that the agreement aligns with 5E’s strategy to become a global leader in boron specialty and advanced materials by collaborating with innovative leaders.
“Our research may allow us to achieve new types of strong and sustainable magnets with higher composition of boron,” said Georgetown University Professor and McDevitt Chair in Physics Kai Liu.
“Such novel boron enhanced magnets may exhibit superior properties for practical applications across many industry sectors.
“We look forward to collaborating with 5E as they are committed and well positioned to become a thought leader of boron specialty and advanced materials given their expertise and U.S. based boron resource.”
5E CCO and CTO Dr Dinakar Gnanamgari reiterated Dr Liu’s sentiments and believes Georgetown is an “excellent collaborator” in the research.
Permanent magnets are said to be a critical component of many high growth future facing and traditional applications which includes electric vehicles, wind turbines and phones.
As rare earth elements typically used in Neodymium-based permanent magnets are challenging and environmentally disruptive to mine, this research is believed to be essential because it has the potential to enhance the performance of such permanent magnets in the form of higher energy density and/or improved mechanical properties.
5EA shares were down 3.62 per cent, trading at $3.33 per share as of 1:05 ap AEDT.