Magnetica
Magnetica is a privately-held Australian MRI OEM that designs cryogen-free superconducting magnets, compact 3T MSK extremity MRI systems, OEM gradient and RF coils, and NMR spectrometers for clinical imaging, academic and government research, and quantum computing customers globally, operating through three brands under AIM-listed Avingtrans PLC.
- Company typePrivate
- Founded2003
- HeadquartersEagle Farm, Australia
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What Magnetica does
Magnetica is a privately-held MRI Original Equipment Manufacturer (OEM) headquartered in Northgate, Queensland (Brisbane area), Australia. It operates through three brands: Magnetica (compact MRI systems), Tecmag (NMR/NQR spectrometers, Houston, Texas), and Scientific Magnetics / SciMag (cryogen-free superconducting magnets, Abingdon, UK). The Group was formed in January 2021 when Magnetica merged with Tecmag and SciMag under majority ownership of AIM-listed Avingtrans PLC (AIM: AVT). The company's core technology is cryogen-free superconducting magnet technology — eliminating the requirement for liquid helium cooling — which it applies across three product streams: a flagship compact 3T MRI system for dedicated musculoskeletal (MSK) extremity imaging targeting point-of-care clinical use; sub-components including superconducting magnets, gradient coils, and RF coils supplied as OEM parts to MRI system integrators; and high-field superconducting magnets for quantum computing and NMR research applications.
Magnetica's revenue mechanics span four streams: hardware sales of complete MRI systems and components; scientific magnet sales through Scientific Magnetics for quantum computing and research customers; OEM components (gradient coils, RF coils, spectrometers) via Tecmag; and technology licensing, evidenced by 200+ MRI systems worldwide built using Magnetica-licensed technology. Pricing is not publicly disclosed and the company sells both directly and via channel partners, with Televere Systems appointed as the exclusive US distributor effective November 2023. The flagship compact 3T MSK MRI is currently in prototype stage pending FDA 510(k) clearance targeted for mid-2024, and is not yet commercially available.
The company's primary served markets are (1) healthcare facilities — hospitals, clinics, diagnostic imaging centers needing lower-cost, point-of-care MSK imaging without traditional MRI infrastructure; (2) research institutions (universities, national labs, hospitals) requiring cryogen-free superconducting magnets, RF/gradient coils, and NMR spectrometers; and (3) the emerging quantum computing vertical, where Scientific Magnetics' 7 Tesla magnets are integral to ion-trap qubit architectures — most notably in published ETH Zurich research. Key competitive differentiators are IP-protected cryogen-free magnet technology (30 granted national patents, 7 pending applications), quality and security certifications (ISO 13485:2016, ISO 27001), and a multi-brand integrated portfolio spanning components through full systems.
Magnetica firmographics
Firmographics- Name
- Magnetica
- Legal name
- Magnetica Limited
- Website
- https://magnetica.com
- Company type
- Private
- Founded year
- 2003
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Magnetica is a privately-held Australian MRI OEM that designs cryogen-free superconducting magnets, compact 3T MSK extremity MRI systems, OEM gradient and RF coils, and NMR spectrometers for clinical imaging, academic and government research, and quantum computing customers globally, operating through three brands under AIM-listed Avingtrans PLC.
- Ownership category
- akta.pro rank
Magnetica industry classification
Industry- Product category
- Medical Imaging Equipment (MRI OEM)
- NAICS
- Electromedical and Electrotherapeutic Apparatus Manufacturing (334510), Navigational, Measuring, Electromedical, and Control Instruments Manufacturing (3345)
- SIC
- Electromedical & Electrotherapeutic Apparatus (3845), Industrial Instruments For Measurement, Display, And Control (3823)
- akta.pro primary industry
- Magnetic Resonance Imaging (MRI) Systems (HLAHABAC)
- akta.pro secondary industry
- Quantum Magnetometry (SQUID/OPM/NV and related) (HDAGAHAD)
Keywords
Where Magnetica is headquartered
LocationHeadquarters
- HQ city
- Eagle Farm
- HQ country
- Australia
- HQ region
- Oceania
Offices3 records
Markets served
Magnetica business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Personnel, Technology or R&D, Supply Chain, Operations, Marketing or Sales, Infrastructure
Revenue model
- MRI Systems Sales: Sale of complete compact MRI systems for clinical MSK imaging applications
- Superconducting Magnets: Sale of superconducting magnets for MRI, quantum computing, and research applications through Scientific Magnetics subsidiary
- MRI Components: Sale of gradient coils, RF coils, and spectrometer systems as OEM components and accessories
- Technology Licensing: Licensing of MRI technology to third parties - evidenced by 200+ MRI systems worldwide using licensed technology
Go-to-market motion2 records
Distribution channels2 records
Marketing channels6 records
Magnetica product offering
Product offeringCore offering
Magnetica is a global MRI system Original Equipment Manufacturer (OEM) that designs, engineers, and manufactures compact, cryogen-free superconducting MRI systems and sub-system components. The company serves clinical and research MRI markets through three brands (Magnetica, Tecmag, Scientific Magnetics) offering complete compact MRI systems for musculoskeletal extremity imaging, superconducting magnets, gradient coils, RF coils, and NMR/NQR spectrometers, including magnet systems for quantum computing research.
Product overview
Magnetica is an MRI system Original Equipment Manufacturer (OEM) encompassing three distinct brands with unique manufacturing specialties. The company offers a full suite of MRI solutions comprising: (1) Compact MRI Systems - the flagship 3T dedicated MSK extremity MRI system featuring cryogen-free superconducting magnet technology; (2) Sub-components including superconducting MRI magnets, gradient coils, and RF coils; (3) Spectrometers and benchtop imaging consoles from Tecmag brand; and (4) Cryogen-free superconducting magnets for quantum computing and research applications from Scientific Magnetics. The combined portfolio serves clinical and research MRI markets globally.
Differentiator
Problem solved
Functional benefit
Brands
- Tecmag: Manufacturer of MRI, Nuclear Magnetic Resonance (NMR), and Nuclear Quadrupole Resonance spectroscopy (NQR) instrumentation. Based in Houston, Texas, USA.
- Scientific Magnetics (SciMag)
Products and services
- Compact 3T MSK Extremity MRI System Flaghip compact 3 Tesla MRI system designed for dedicated musculoskeletal (MSK) extremity imaging of elbows, wrists, hands, knees, ankles, and feet. Features cryogen-free superconducting magnet technology, enabling point-of-care installation with lower purchase, installation, and operational costs than traditional whole-body MRI. Aimed at hospitals, clinics, diagnostic imaging centers, and sports medicine providers.
- Superconducting MRI Magnets Compact and lightweight superconducting magnets engineered for MRI applications using cryogen-free technology, enabling gold-standard imaging close to patient point-of-care. Sold as OEM sub-components or standalone magnets for MRI system integrators.
- Gradient Coils OEM and custom gradient coils, critical sub-components in MRI systems, manufactured using in-house CNC machining capabilities for precision production. Sold to MRI system manufacturers and integrators.
- RF Coils Radio frequency coils for MRI systems, including wrist and hand RF coils and coils for TMS and fMRI applications. Sold to MRI system manufacturers, research institutions, and clinical end users.
- Spectrometers and Benchtop Imaging Consoles Benchtop imaging consoles and spectrometer systems (including the Bluestone benchtop imaging console) for MRI and NMR applications, manufactured by the Tecmag brand for research and clinical spectroscopy.
- Cryogen-Free Superconducting Magnets for Quantum Computing and Research High-field cryogen-free superconducting magnet systems (including 7 Tesla configurations) manufactured by Scientific Magnetics for academic and commercial research, including quantum computing qubit architectures. The 7 Tesla system was integral to ETH Zurich's ion trap QBIT architecture research published in Nature.
Quantifiable outcome
- 200+ MRI systems deployed globally using licensed technology
- +1 more outcomes
Companies that use Magnetica
Customer profileNamed customers9 records
Segments4 records
Ideal customer profiles3 records
Magnetica technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Magnetica partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered minor and core.
- ETH ZurichminorScientific Magnetics 7 Tesla superconducting magnet system integral to ETH Zurich quantum computer ion trap QBIT architecture research. Study published in Nature (Nature 627, 510-514, 2024) validates SciMag technology for scalable quantum computing applications.
- Televere Systems, LLCcoreAppointed as official US distributor for Magnetica's helium-free MRI products. Partnership announced at RSNA 2023. Televere has over 25 years of experience in digital imaging and a team of 40+ professionals to represent Magnetica's products in the US market.
- University of QueenslandminorOngoing collaboration with University of Queensland's Biomedical Engineering team. Dr Fangfang Tang conducted Industry Research Fellowship (2018-2021) developing novel gradient coils. Dr Mingyan Li conducted Industry Research Fellowship (2019-2022) developing RF platform for portable MRI head scanner.
- BridgeTech ConsortiumminorMagnetica joined the BridgeTech Consortium, an industry network for Queensland's medical technology sector focused on facilitating collaboration, research partnerships, and commercialization support for medtech companies.
Scale indicators6 records
Recent moves6 records
Expansion highlights6 records
Magnetica competitors and assessment
Company assessmentMarket position
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Magnetica social profiles
Digital presenceMagnetica compliance and trust
Trust signalCompliance3 records
Magnetica financial estimates
Financial estimateRevenue estimate
Valuation estimate
Magnetica leadership team
Management profileNumber of profiles
Profiles4 records
Magnetica subsidiaries and ownership
Company hierarchySubsidiaries2 records
Magnetica funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Magnetica M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Magnetica
What does Magnetica do?
Magnetica is a global MRI system Original Equipment Manufacturer (OEM) that designs, engineers, and manufactures compact, cryogen-free superconducting MRI systems and sub-system components. The company serves clinical and research MRI markets through three brands (Magnetica, Tecmag, Scientific Magnetics) offering complete compact MRI systems for musculoskeletal extremity imaging, superconducting magnets, gradient coils, RF coils, and NMR/NQR spectrometers, including magnet systems for quantum computing research.
Is Magnetica a public or private company?
Magnetica is a private company. It is classified as corporate owned and is currently operating.
When was Magnetica founded?
Magnetica was founded in 2003. It employs 11 to 50 people.
Where is Magnetica based?
Magnetica is headquartered in Eagle Farm, Australia, in the Oceania region.
How does Magnetica make money?
Four revenue lines are on record. MRI Systems Sales are the primary driver. The others are superconducting Magnets, MRI Components and technology Licensing.
Does Magnetica have an API?
No public API is recorded for Magnetica.
What industry is Magnetica in?
Magnetica's product category is Medical Imaging Equipment (MRI OEM). Its primary akta.pro industry code is HLAHABAC, Magnetic Resonance Imaging (MRI) Systems, with a secondary code of HDAGAHAD, Quantum Magnetometry (SQUID/OPM/NV and related). Its NAICS code is 334510 and its SIC code is 3845.