What Cryomagnetics does

Cryomagnetics, Inc. is a privately held engineering and manufacturing company founded in 1983 and headquartered at 1006 Alvin Weinberg Drive, Oak Ridge, Tennessee, with 11-50 employees. The company designs, manufactures, and sells complete superconducting magnet systems, cryostats, cryogenic accessories, and supporting electronic instrumentation entirely in-house. Its technology stack spans NbTi and Nb3Sn superconducting wire, HTS tape (BSCCO-2223 and YBCO), 4.2K pulse-tube and Gifford-McMahon cryocoolers, proprietary HTS current leads, actively-shielded coil designs, recondensing helium systems with the HRC-110 controller, and the LabVIEW-based NAVIGATOR control software. The product portfolio is anchored by the C-Mag cryogen-free platform (variable temperature from <1.6K to 325K, fields up to 14T) and extends to liquid-helium-cooled high-field solenoids up to 19T, multi-axis vector magnets, ultra-low current magnets for space/ADR, NMR/ICR/EPR systems, gyrotron magnets, and OEM sub-assemblies.

Revenue is generated primarily through direct enterprise field sales of custom-engineered magnet systems priced via a project-specific Magnet System Request Form/Questionnaire, with multi-year contract structures typical for large installations. Secondary revenue streams include OEM sub-assembly supply to analytical instrument and medical device manufacturers (gyrotron, NMR, ICR, proton therapy), a US-only e-commerce web store for standard accessories (e.g., $500 DCO current lead pair), and professional services covering on-site installation, shimming, and maintenance contracts. The company sells globally via direct sales and a regional sales-representative network, with named customer engagements spanning government fusion programs (ITER, Wendelstein-7), national laboratories (ORNL, KATRIN), defense (Active Denial System), medical OEMs (ProNova proton therapy), and analytical instrument manufacturers (Thermo Scientific), as well as industrial magnetic separation and semiconductor crystal-growth OEMs.

The business model reflects a niche, capital-intensive scientific-instrument manufacturer: high switching costs from deep engineering integration into customer experiments, long sales cycles, and specialty supply. Ownership is private with no disclosed institutional investors, one US Department of Energy award of $1,250,048 in February 2024, and a recent acquisition (R&D Tectonics) broadening capabilities. Operational footprint is single-site in Oak Ridge, serving North America, Europe (Germany), and Asia (China), with no public revenue disclosure.

Name

Cryomagnetics

Legal name

Cryomagnetics, inc.

Website

https://cryomagnetics.com

Company type

Private

Founded year

1983

Operating status

Operating

Headcount range

11–50 employees

Short description

Cryomagnetics is a private, Oak Ridge, Tennessee-based manufacturer (founded 1983) of complete in-house superconducting magnet systems, cryostats, and cryogenic instrumentation, serving research institutions, OEMs, and government fusion/defense programs.

Ownership category

akta.pro rank

Product category

Superconducting Magnet Systems

SIC

Electronic Coils, Transformers & Other Inductors (3677)

akta.pro primary industry

Cryogenic Systems & Cryostats (HDAGABAA)

akta.pro secondary industries

Cryocoolers & Refrigeration Units (HDAGABAB), Transformers & Magnetics (Power/Signal) (HDAHANAD), Sample Preparation, Storage & Cryogenics (Freezers, Cryovials, Cryostats) (HLAGAIAJ)

Keywords

• Superconducting magnet systems
• Cryogenic instrumentation
• Magnet cryostats
• Cryogen-free cooling
• High field magnets

Headquarters

HQ city

Oak Ridge

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Technology or R&D, Infrastructure

Revenue model

1. Custom Superconducting Magnet Systems: Design and manufacture of complete superconducting magnet systems (solenoids, split-pairs, multi-axis, cryogen-free, recondensing, liquid helium-based) sold as turn-key systems to research institutions, OEM manufacturers, and industrial customers. Systems include integrated electronics, cryostats, and optional software control.
2. Superconducting Magnet Components: Sale of individual superconducting magnets (NbTi solenoids, Nb3Sn high field solenoids, split pairs, multi-axis magnets, HTS magnets) as standalone components for OEM integration or researcher-built systems.
3. Cryogenic Accessories and Instrumentation: Sale of cryogenic accessories including liquid helium level sensors, temperature sensors, vapor-cooled current leads, duty-cycle optimized current leads, liquid helium transfer lines, magnet support assemblies, and electronic instrumentation (power supplies, temperature monitors, level monitors).
4. Professional Services: On-site magnet installation by Cryomagnetics personnel, yearly maintenance contracts, on-site shimming services for NMR systems, and technical assistance/support services.
5. OEM/Embedded Systems: Custom superconducting magnets, dewars, cryogenic accessories, and instrumentation sold as sub-assemblies to OEM manufacturers who integrate them into their own systems (gyrotron, NMR, ICR, SQUID, VSM, microscope, magnetic separation systems).

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels7 records

Core offering

Cryomagnetics is a complete in-house engineering and manufacturing facility that designs and produces superconducting magnet systems, cryostats, cryogenic accessories, and related electronic instrumentation. The company manufactures full magnet systems ranging from 1T to 19T including cryogen-free, recondensing, liquid-helium, multi-axis, NMR/EPR, gyrotron, and custom/OEM configurations, supported by power supplies, level monitors, sensors, current leads, and software controls.

Product overview

Cryomagnetics is a complete engineering and manufacturing facility founded in 1983, specializing in superconducting magnets, cryostats, cryogenic accessories, and related electronic instrumentation. The product portfolio centers on the C-Mag Cryogen-FREE Superconducting Magnet System as the core platform, supported by liquid-cooled, recondensing, and custom/OEM system variants. The company offers a comprehensive range of superconducting magnet components including NbTi solenoids (5T-9T), High Field Nb3Sn solenoids (10T-19T), split pair magnets, multi-axis vector magnets, high homogeneity solenoids, nuclear demagnetization magnets, HTS systems, and ultra-low current magnets. Instrumentation products include Model 4G Bipolar Power Supplies and Model LM-510 Liquid Cryogen Monitors. The accessories portfolio encompasses liquid helium and nitrogen level sensors, temperature sensors, magnet support assemblies, vapor-cooled and duty-cycle optimized current leads, and liquid helium transfer lines. Application-specific systems target Ion Cyclotron Resonance FTMS, NMR/EPR, magnetic separation, nanomaterials research, microscopy, multi-axis magnet systems, and gyrotron applications. An Applied Analysis Platform (RHEM Module) add-on enables resistivity and Hall effect measurements on C-Mag systems. Cryomagnetics operates as a major OEM manufacturer, integrating products into third-party systems for research, healthcare, and industrial applications.

Differentiator

Problem solved

Functional benefit

Brands

• C-Mag: Cryogen-FREE superconducting magnet systems with variable temperature insert (VTI) capabilities. Features include turn-key systems with 4.2K cryocooler technology, sample temperature control from <1.6K to 325K, and configurations up to 14T.
• Navigator
• HRC-110
• Model LM-510
• Model 4G

Products and services

• C-Mag Cryogen-FREE Superconducting Magnet System Versatile cryogen-free magnet system providing variable temperature control from <1.6K to 325K with simultaneous magnetic field control, based on 4.2K pulse tube cryocooler technology eliminating liquid cryogens. Available in solenoid, split-pair, 2-axis, and 3-axis configurations up to 14T for research institutions and OEMs.
• Cryogen Free Superconducting Magnet Systems

Quantifiable outcome

• Cryogen-free systems eliminate liquid cryogen handling, reducing operational complexity and costs
• +5 more outcomes

Named customers10 records

Segments6 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature9 records

Partnerships

Five partnerships are on record, tiered core and minor.

• ProNovacoreStrategic or Co-development PartnerProNova partnered with Cryomagnetics for the next generation of proton therapy systems. Cryomagnetics supplies superconducting magnets for ProNova's proton therapy system, with which Provision Treats treated its first patients.
• R&D TectonicsminorStrategic or Co-development PartnerCryomagnetics acquired R&D Tectonics, expanding its capabilities and product offerings through this acquisition.
• ITER (International Thermonuclear Experimental Reactor)coreStrategic or Co-development PartnerCryomagnetics is manufacturing a prototype gyrotron superconducting magnet system for ITER. The company has also completed two projects with Oak Ridge National Laboratory involving superconducting cabling splices and joining for ITER.
• ORNL (Oak Ridge National Laboratory)coreStrategic or Co-development PartnerCryomagnetics completed two projects with ORNL involving superconducting cabling splices and joining for the ITER project. Additionally, in 2005 Cryomagnetics constructed the first stacked pancake coil wound with YBCO high temperature superconductor in conjunction with ORNL.
• Max Planck Institute for Plasma Physics (Wendelstein-7 Project)coreStrategic or Co-development PartnerThe Wendelstein-7 Project in Germany uses eight gyrotron superconducting magnet systems from Cryomagnetics for microwave heating. All eight systems have been delivered and are operational.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Oxford Instruments: UK-based major manufacturer of superconducting magnets, cryogenic systems, and cryocoolers serving research, healthcare, and OEM markets. Direct competitor to Cryomagnetics across NMR magnets, cryogen-free systems, and cryogenic instrumentation, with broader product portfolio and greater scale.
• American Magnetics Inc. (AMI): US-based manufacturer of superconducting magnet systems, cryostats, and cryogenic accessories headquartered in Oak Ridge, Tennessee. Most direct US competitor, with overlapping product lines including NbTi/Nb3Sn solenoids, cryogen-free systems, and level monitors.
• Bluefors: Finnish manufacturer of cryogenic dilution refrigerator systems primarily serving quantum computing and fundamental physics research. Comparable in cryogenic system design and manufacturing approach, with growing focus on quantum computing infrastructure that overlaps Cryomagnetics' cryostat capabilities.
• LakeShore Cryotronics: US-based manufacturer of cryogenic temperature sensors, instrumentation, and measurement systems. Direct overlap with Cryomagnetics' Model LM-510 level monitor, temperature sensors, and cryogenic monitoring products serving similar research and OEM customers.
• Cryogenic Limited: UK-based manufacturer of cryogenic equipment including superconducting magnet cryostats, liquid helium dewars, and cryogenic accessories. Comparable product portfolio in cryogenic hardware serving research and OEM customers in similar scientific markets.
• ICE Oxford: UK-based manufacturer of cryogenic systems, superconducting magnets, and related instrumentation for scientific research and industrial applications. Comparable specialty manufacturer serving NMR, fusion, and low-temperature physics markets.
• Bilfinger Noell: German manufacturer of superconducting magnet systems, cryogenic equipment, and particle accelerator components. Direct competitor in fusion energy magnet systems (Wendelstein-7, ITER-adjacent) and large-scale scientific magnet projects comparable to Cryomagnetics' gyrotron and fusion work.

Broad incumbents

• Bruker BioSpin: Division of Bruker Corporation manufacturing NMR and EPR spectroscopy systems with superconducting magnets up to 1.2 GHz. Larger incumbent with broader analytical instrument portfolio; both produces magnets internally and serves as an OEM customer for superconducting magnet technology comparable to Cryomagnetics' offerings.

Emerging players

• Janis Research (now part of LakeShore): Cryogenic research equipment manufacturer (recently acquired by LakeShore Cryotronics) producing cryostats, dilution refrigerators, and superconducting magnet systems. Comparable in cryostat and cryogenic system offerings for research applications.
• Tesla Engineering: UK-based manufacturer of superconducting magnets, cryostats, and cryogenic systems for scientific, medical, and industrial applications. Comparable specialty manufacturer with focus on MRI, NMR, and accelerator magnets serving similar customer segments.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/cryomagnetics
• Facebookfacebook.com/Cryomagnetics
• LinkedInlinkedin.com/company/1852225

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries2 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cryomagnetics