Magnetics Business & Technology - January/February 2020 - 7

FEATURE ARTICLE
a combination of support from Cardiff University, venture capital
firm Fusion IP/IP Group and the UK government.
Also, in 2013, the UK's Department of Energy & Climate Change
awarded the Company an Energy Entrepreneurs Fund grant in
order to accelerate the development of a full-scale 11KV 20MVA
prototype which was completed in 2016.
In May, Eriez Manufacturing stepped up its participation in the
company to become the majority shareholder in FaultCurrent,
bringing to the table financial backing as well as its considerable
expertise in the manufacture of products that apply magnetic
technologies. Eriez now provides the base for FaultCurrent in
South Wales. In September, a rigorous re-engineering program
was completed, culminating in the manufacture of the first 11kV
20MVA production unit that went on to be successfully tested.
"Making this investment in FaultCurrent was a natural choice for
Eriez as we are constantly developing and investing in breakthrough products that keep us on the cutting edge," commented
Tim Shuttleworth, president and CEO of Eriez which is based in
Ohio.
"The project attracted attention--and subsequently grants--from
the Business, Energy & Industrial Strategy department of the UK
government," explained Andy Lewis, chairman of Eriez-Europe.
"Eriez Investments Ltd. has a majority shareholding position,
having cumulatively invested a seven-figure sum in the past two
years, with the IP Group and FaultCurrent Ltd. company directors
and former directors holding the remaining shares." FaultCurrent Ltd.'s Board of Directors is comprised of Andy Lewis, Martin
Ansell, Dr. Jeremy Hall and Andy Cheer.

Recognized as a world authority in separation technologies,
Eriez manufactures a diverse line of industrial equipment for
magnetic lift and separation, metal detection, fluid recycling,
flotation, materials feeding, screening, conveying and process
control. It designs, produces and markets these products through
12 international subsidiaries located on six continents.
Ansell says FaultCurrent's momentum has significantly increased
since Eriez recently became the majority shareholder. "We have
been able to accelerate the completion of our development program and are now working to appoint a network of sales representatives."

Inside the beast

Other companies
have designed and
built fault current
limiters using different
technical approaches
ranging from the application of superconducting technologies
to the introduction of
power electronics.
FaultCurrent's approach, however, was
Cross sectional view
to design a truly "fit
and forget" product
that used simple permanent magnets at its core to provide a
dependable, robust and energy efficient solution that is quick to
install. It's this core design element that result in a product with

magnetic
instrumentation
* Magnetizers &
Demagnetizers
* Production & Prototype
Magnetizing Fixtures
* Automated Flux Scanners
* Hard & Soft Hysteresigraphs
* Gaussmeters & Fluxmeters
* Helmholtz Coils
* KJS Associates™
Measurement Services
* ISO 17025 Accredited
Calibration
* Magnetizing Services
* Magnetic Consulting
* Prototype Design &
Fabrication
* FEA Services
* Professional Seminars

Production
Magnetizing
Systems
Standard & Custom
Systems built
with Advanced
Technologies

(317) 842-7500 * MAGINST.COM
www.MagneticsMag.com

January/February 2020 * Magnetics Business & Technology

7


http://www.MAGINST.COM http://www.MagneticsMag.com

Magnetics Business & Technology - January/February 2020

Table of Contents for the Digital Edition of Magnetics Business & Technology - January/February 2020

Magnetics Business & Technology - January/February 2020
Contents
Editor’s Choice/ Features
Revolutionary Ferrite-Magnet Fault Current Limiter Graduates from Testing and Heads to Market
Continental Transforms Powertrain Division into Vitesco Technologies in Response to High-Growth Momentum to Electrification
Urban Mining Progresses in Pioneering Effort to Scale Up Rare-Earth Magnet Production from Recycled Magnets
Research & Development
Product News
Industry News
Marketplace/ Advertising Index
How Hall Effect Switches Enable Autonomous Vehicles
Tech Tips
Magnetics Business & Technology - January/February 2020 - Magnetics Business & Technology - January/February 2020
Magnetics Business & Technology - January/February 2020 - Cover2
Magnetics Business & Technology - January/February 2020 - Contents
Magnetics Business & Technology - January/February 2020 - Editor’s Choice/ Features
Magnetics Business & Technology - January/February 2020 - 5
Magnetics Business & Technology - January/February 2020 - Revolutionary Ferrite-Magnet Fault Current Limiter Graduates from Testing and Heads to Market
Magnetics Business & Technology - January/February 2020 - 7
Magnetics Business & Technology - January/February 2020 - 8
Magnetics Business & Technology - January/February 2020 - 9
Magnetics Business & Technology - January/February 2020 - Continental Transforms Powertrain Division into Vitesco Technologies in Response to High-Growth Momentum to Electrification
Magnetics Business & Technology - January/February 2020 - 11
Magnetics Business & Technology - January/February 2020 - 12
Magnetics Business & Technology - January/February 2020 - 13
Magnetics Business & Technology - January/February 2020 - Urban Mining Progresses in Pioneering Effort to Scale Up Rare-Earth Magnet Production from Recycled Magnets
Magnetics Business & Technology - January/February 2020 - 15
Magnetics Business & Technology - January/February 2020 - 16
Magnetics Business & Technology - January/February 2020 - 17
Magnetics Business & Technology - January/February 2020 - Research & Development
Magnetics Business & Technology - January/February 2020 - 19
Magnetics Business & Technology - January/February 2020 - Product News
Magnetics Business & Technology - January/February 2020 - 21
Magnetics Business & Technology - January/February 2020 - 22
Magnetics Business & Technology - January/February 2020 - 23
Magnetics Business & Technology - January/February 2020 - Industry News
Magnetics Business & Technology - January/February 2020 - 25
Magnetics Business & Technology - January/February 2020 - 26
Magnetics Business & Technology - January/February 2020 - 27
Magnetics Business & Technology - January/February 2020 - Marketplace/ Advertising Index
Magnetics Business & Technology - January/February 2020 - 29
Magnetics Business & Technology - January/February 2020 - Tech Tips
Magnetics Business & Technology - January/February 2020 - Cover3
Magnetics Business & Technology - January/February 2020 - Cover4
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