Magnetica

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.

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

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

• Compact MRI systems
• Superconducting magnets
• Cryogen-free MRI
• MRI components OEM
• Extremity imaging systems

Headquarters

HQ city

Eagle Farm

HQ country

Australia

HQ region

Oceania

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. MRI Systems Sales: Sale of complete compact MRI systems for clinical MSK imaging applications
2. Superconducting Magnets: Sale of superconducting magnets for MRI, quantum computing, and research applications through Scientific Magnetics subsidiary
3. MRI Components: Sale of gradient coils, RF coils, and spectrometer systems as OEM components and accessories
4. 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

Core 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

Named customers9 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Four partnerships are on record, tiered minor and core.

• ETH ZurichminorStrategic or Co-development Partner · 1 January 2026Scientific 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, LLCcoreChannel Partner/ Reseller/ Distributor · 29 November 2023Appointed 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 QueenslandminorStrategic or Co-development Partner · 1 January 2019Ongoing 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 ConsortiumminorStrategic or Co-development Partner · 1 January 2018Magnetica 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

Market position

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/MagneticaAU
• YouTubeyoutube.com/@MagneticaLtd
• Facebookfacebook.com/magnetica.ltd
• LinkedInlinkedin.com/company/magnetica-limited
• Instagraminstagram.com/magnetica.ltd

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

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 Magnetica