Niron Magnetics Has Been Recognized as One of America’s Top Greentech Companies by TIME and Statista

Niron Magnetics Winner Of “Green Materials Innovation Of The Year” In 2025 CleanTech Breakthrough Awards Program

MINNEAPOLIS, April 10, 2025 – For the second consecutive year, Niron Magnetics has been recognized as one of America's Top Greentech Companies by TIME and Statista.

As the world's only producer of high-performance, rare-earth-free Iron Nitride permanent magnets, we're addressing a critical challenge for U.S. manufacturers: securing a reliable, domestic supply of the essential magnetic components that power everything from industrial motors to defense systems.

Our state-of-the-art manufacturing facility in Minnesota demonstrates how combining abundant domestic materials with advanced technology can strengthen America's industrial base. By producing these critical components from iron and nitrogen sourced from the American Midwest, we're helping manufacturers across all industries build more resilient supply chains.

Thank you to the entire Niron team for making these achievements possible!

About Niron Magnetics

Niron Magnetics is scaling the world’s first advanced manufacturing process for the mass production of permanent magnets powered by its breakthrough material formulation. The company’s proprietary magnet technology based on Iron Nitride enables magnets that are inherently high magnetization, free of rare earths and other critical materials, and will drive innovation in various industries. For more information about Niron Magnetics and its technology, please visit https://www.nironmagnetics.com/