Innovative Magnetic Technologies

What Innovative Magnetic Technologies does

Innovative Magnetic Technologies Inc. (IMT) is a privately held Canadian industrial OEM founded in 2008 and headquartered in Kelowna, British Columbia. The company designs, manufactures, and supplies magnetic separation and material handling equipment used to remove ferrous tramp metal from bulk material streams in heavy industry. Its product line spans cross belt separators, suspended plate magnets (including the G5 series), oil-cooled electromagnets, magnetic drum separators, magnetic head pulleys, magnetic plate separators, vibratory magnetic separators (VIBRA-SEP), magnetic conveyors, permanent magnetic rakes (iMAG-RK), permanent magnetic lifters, industrial magnetic sweepers, and the patented Actuated Maintenance System (AMS, US Patent #10,112,201B2). Equipment is offered in ceramic/ferrite and rare-earth/neodymium configurations and is built custom to fit existing conveyor and chute structures, with rebuild services for legacy wet drum separators.

IMT serves eight primary verticals: aggregate and quarrying, biomass cogeneration, bulk material handling, cement, mining and mineral processing, pulp and paper, recycling, and wood processing. Go-to-market combines direct enterprise sales (toll-free, email, quote-based pricing) with a multi-region authorized distributor network covering the US South and Midwest (S&S Industrial Supply; Prairie States Industrial Supply) and New Zealand (Supply Services Ltd.), and active recruitment of manufacturer representatives across Latin America, Australia, and Europe. Revenue is generated from hardware sales, custom fabrication services (in-house AutoCAD, water jet, machine shop, certified paint booth), on-site consultation, and equipment rebuilds, with lease financing available through a third-party partner. The company operates from approximately 10,000 square feet of indoor production space and 20,000 square feet of secure outdoor storage in Kelowna, employs 11-50 people, and is led by founder and President Dave R. Miles.

Name

Innovative Magnetic Technologies

Legal name

Innovative Magnetic Technologies Inc.

Website

https://imt-inc.com

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

11–50 employees

Short description

Innovative Magnetic Technologies is a privately held Canadian manufacturer of custom industrial magnetic separation equipment, serving mining, aggregate, wood processing, pulp and paper, cement, recycling, biomass, and bulk material handling customers through direct sales and a multi-region distributor network.

Ownership category

akta.pro rank

Product category

Industrial Magnetic Separation Equipment

NAICS

Electrical Equipment, Appliance, and Component Manufacturing (335)

SIC

Electrical Industrial Apparatus (3620)

akta.pro primary industry

Separation & Filtration Equipment (Filters, Centrifuges, Membranes) (IMAHAEAB)

akta.pro secondary industry

Physical Separation (Gravity, Magnetic & Electrostatic) (IMAKALAC)

Keywords

• Industrial magnetic separators
• Tramp metal removal
• Magnetic separation equipment
• Permanent magnets manufacturing
• Bulk material handling

Headquarters

HQ city

Kelowna

HQ country

Canada

HQ region

North America

Offices6 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Magnetic Separation Equipment Sales: Sale of industrial magnetic separation equipment including suspended plate magnets, cross belt separators, magnetic head pulleys, drum separators, plate separators, vibratory separators, magnetic conveyors, permanent magnetic lifters and rakes, industrial magnetic sweepers, and electromagnets. Both standard and custom configurations available.
2. Equipment Rebuilds and Refurbishment: Wet drum separator rebuild program offering cost-effective repair and optimization services for magnetic separation equipment. Includes conversion services and turn-key installation options.
3. Fabrication Services: Custom fabrication services including AutoCAD design, 3D modelling, water jet machining, lathe and milling, welding (MIG, TIG, Stick), certified paint booth, and motor testing capabilities for custom equipment solutions.
4. On-site Consultation Services: On-site consultation for magnetic equipment requirements including inspection, troubleshooting, Gauss strength testing, and optimization suggestions for existing magnetic separation systems.

Go-to-market motion2 records

Distribution channels5 records

Marketing channels8 records

Core offering

Innovative Magnetic Technologies (IMT) designs and manufactures industrial magnetic separation equipment for heavy industry applications. The company produces suspended plate magnets, cross belt separators, magnetic drum separators, magnetic head pulleys, electromagnets, magnetic plate separators, vibratory magnetic separators, magnetic conveyors, permanent magnetic lifters and rakes, and industrial magnetic sweepers used to remove tramp metal from bulk materials. IMT also offers custom fabrication services and wet drum separator rebuild/refurbishment services.

Product overview

Innovative Magnetic Technologies (IMT) is a manufacturer of industrial magnetic separation equipment offering a comprehensive portfolio of standalone magnetic products. The product line includes suspended plate magnets (G5 Series), cross belt separators, electromagnets, magnetic drum separators, magnetic head pulleys, magnetic plate separators, vibratory magnetic separators (VIBRA-SEP), magnetic conveyors, permanent magnetic rakes (iMAG-RK), permanent magnetic lifters (PML Series), and industrial magnetic sweepers. These products are complemented by the Actuated Maintenance System (AMS) accessory for automated cleaning of suspended magnets. IMT also provides wet drum separator rebuild services as a cost-effective alternative to purchasing new equipment. Products are available in Ceramic (Ferrite) and Rare Earth (Neodymium) configurations in standard or high temperature options.

Differentiator

Problem solved

Functional benefit

Brands

• iMAG-RK™: A handheld neodymium (rare earth) permanent magnetic rake developed for industrial processing facilities that operate metal detectors, used to extract tramp metal after metal detection.
• VIBRA-SEP™
• AMS (Actuated Maintenance System)

Products and services

• Cross Belt Separators Self-cleaning suspended magnets with continuously running belt that strips captured tramp metal and discharges off the side or end of the conveyor for continuous removal of unwanted tramp metal from belt conveyor systems.
• Suspended Plate Magnets (G5 Series) Economical and dependable permanent magnetic protection for process equipment providing continuous and effective removal of unwanted tramp metal, with upgrade options to cross belt or Actuated Maintenance System.
• Electromagnets (Oil-Cooled Suspended) Oil-immersed suspended electromagnetic separators providing powerful magnetic protection for large operations in mining, pulp mills, sawmills, biomass, recycling and aggregate industries with Class R 220C/428F insulated aluminum wire coils.
• Magnetic Drum Separators Stationary magnetic core within a rotating outer shell used to separate metal particles from slurries, granules or powders on a high-volume continuous turnover basis. Available in rare earth, ceramic (ferrite) and electromagnetic configurations.
• Magnetic Head Pulleys Self-cleaning magnets for conveyor belt applications that provide dependable tramp metal extraction. Available in Ceramic (Ferrite) and Rare Earth (Neodymium) configurations with sizes from 10 inches and up, custom sizes available.
• Magnetic Plate Separators Provide dependable tramp metal extraction in chute applications, extracting tramp metal from free-flowing products such as grains, pellets, powders, wood, and aggregate. Available in manual and self-clean models.
• Vibratory Magnetic Separators (VIBRA-SEP) Magnetic plate design for vibratory conveyors and feeders that captures tramp metal before metal detectors. Simple installation with no welding required, stainless steel construction with permanent magnetic core.
• Magnetic Conveyors Convey ferrous materials, parts and components at any angle from horizontal to vertical within minimal footprint using a permanent magnetic core to retain ferrous materials to a conveying belt without power consumption.
• Permanent Magnetic Rakes (iMAG-RK) Handheld permanent magnetic rake for extracting tramp metal in material on conveyor systems where metal has been detected. Neodymium rare earth magnets with aluminum housing, no power required.
• Permanent Magnetic Lifters (PML Series)

Quantifiable outcome

• Extends equipment life by protecting processing machinery from tramp metal damage
• +4 more outcomes

Named customers2 records

Segments8 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Three partnerships are on record, tiered core.

• S&S Industrial SupplycoreChannel Partner/ Reseller/ DistributorUS-based authorized distributor located in Natchitoches, LA. Provides sales and support for IMT magnetic products. Service areas include Texas, Louisiana, Oklahoma, Arkansas, Mississippi, Alabama, Tennessee, and Florida.
• Prairie States Industrial SupplycoreChannel Partner/ Reseller/ DistributorUS-based authorized distributor located in Overland Park, KS. Provides sales and support for IMT magnetic products. Service areas include Iowa, Kansas, Missouri, and Nebraska.
• Supply Services Ltd.coreChannel Partner/ Reseller/ DistributorNew Zealand-based authorized distributor with locations in Auckland, Mt Maunganui, and Christchurch. Provides sales and support for IMT magnetic products throughout New Zealand. Successfully installed IMT products including magnetic head pulleys at Rosvall Sawmill.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Regional players

• Goudsmit Magnetics: Goudsmit is a Dutch manufacturer of industrial magnets, magnetic separators, and magnetic systems for food, recycling, and heavy industry - a comparable peer in industrial magnetic separation, primarily serving Europe.
• Master Magnets: Master Magnets is a UK-based manufacturer of magnetic separators and eddy current separators for mining, recycling, and bulk handling - a comparable peer in industrial magnetic separation, primarily serving European and Middle Eastern markets.
• Eclipse Magnetics: Eclipse Magnetics (UK) manufactures magnetic separation, material handling, and lifting equipment for industrial applications - a comparable peer in industrial magnets, primarily serving the UK and Europe.

Direct peers

• Magnetic Products Inc. (MPI): MPI manufactures magnetic separators, magnetic material handling equipment, and magnetic lifting devices for industrial customers - a direct peer in IMT's exact product categories (separators, conveyors, lifters, sweepers).
• Steinert US: Steinert manufactures magnetic separators, eddy current separators, and sensor-based sorting equipment for recycling, mining, and aggregate - overlapping directly with IMT's heavy-industry customer base.
• Industrial Magnetics (IMI): IMI manufactures magnetic separation and material handling equipment (pull-apart magnets, plate magnets, magnetic sweepers, etc.) for industrial customers - a direct product-line competitor to IMT in tramp metal removal.
• Bunting Magnetics: Bunting designs and manufactures magnetic separators, metal detectors, magnetic conveyors, and material handling equipment for the same heavy-industry verticals IMT serves, making it a direct peer in industrial magnetic separation.
• Eriez: Eriez is the largest North American manufacturer of industrial magnetic separation equipment (tramp metal magnets, drum separators, eddy current separators, etc.) serving mining, aggregate, recycling, and food processing - a direct, head-to-head competitor to IMT's product portfolio.
• Dings Magnetics Group: Dings produces magnetic separators, eddy current separators, and overhead magnets for recycling, aggregate, and mining applications, overlapping directly with IMT's core product offering.

Emerging players

• Walker Magnetics: Walker Magnetics specializes in below-the-hook permanent and electromagnetic lifting magnets for steel service centers and industrial use, directly comparable to IMT's Permanent Magnetic Lifter (PML) line.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

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• LinkedInlinkedin.com/company/innovative-magnetic-technologies-inc-
• Xx.com/IMTCanada

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Innovative Magnetic Technologies