MXT
MXT is a Montreal-based specialty materials manufacturer that uses patented melt extraction technology to produce ultra-fine fibers, SSDW anti-theft tagging wire, high-permeability magnetic fibers, and oxide ceramic fibers for retail, library, industrial marking, and security customers worldwide.
- Company typePrivate
- Founded1996
- HeadquartersMontréal, Canada
- Headcount1–10
- GTM typeB2B
- OfferingHardware or Manufacturing
What MXT does
MXT Inc. is a privately held Montreal-based specialty materials manufacturer founded in 1996 by co-founder and CEO John Ström-Olsen, a McGill University physics professor. The company commercializes a patented melt extraction process that produces ultra-fine fibers (down to 25 µm in diameter) from metallic and ceramic materials, including highly reactive rare-earth alloys and oxide ceramics that cannot be processed by conventional methods. Because the process is containerless, it can handle reactive melts without contamination, and MXT leverages this to manufacture a portfolio spanning SSDW anti-theft tagging wire, high-permeability Permalloy and amorphous cobalt magnetic fibers, custom metallic fibers, flexible oxide ceramic fibers (up to 20 m), and specialized high-speed electroplating services for soft magnetic and cobalt materials.
The company's core commercial offering is SSDW (Single Strand Deactivatable Wire), a single-element EAS tagging material combining a semi-hard deactivating core (125 µm diameter) with a soft-magnetic detectable sheath (12.5 µm thick), positioned as the lowest-cost electromagnetic EAS solution in the market. Supporting products include EAS tags, contact and near-contact deactivators, and the Conversion-free Applicator (CFA) gun that combines SSDW with adhesive tape into ready-to-apply tags. Fibers are sold in four formats (as-produced, chopped 2-15 cm, thread, and sheet) to enable integration into anti-counterfeiting labels, magnetic field sensors, electromagnetic screening, and high-speed source marking applications.
MXT runs highly automated manufacturing to minimize labor cost and serves a global customer base across retail EAS, libraries, industrial source marking, and security/authentication end-uses. Distribution is direct via [email protected] and [email protected], with a multilingual website in seven languages indicating international reach. The firm is founder-owned, employs 1-10 staff (almost entirely PhDs and engineers), and has no disclosed external funding rounds or acquisitions.
MXT firmographics
Firmographics- Name
- MXT
- Legal name
- MXT Inc.
- Website
- https://mxt.ca
- Company type
- Private
- Founded year
- 1996
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- MXT is a Montreal-based specialty materials manufacturer that uses patented melt extraction technology to produce ultra-fine fibers, SSDW anti-theft tagging wire, high-permeability magnetic fibers, and oxide ceramic fibers for retail, library, industrial marking, and security customers worldwide.
- Ownership category
- akta.pro rank
MXT industry classification
Industry- Product category
- Specialty Advanced Materials Manufacturing
- NAICS
- Other Fabricated Wire Product Manufacturing (332618), Spring and Wire Product Manufacturing (33261)
- SIC
- Drawing & Insulating Of Nonferrous Wire (3357)
- akta.pro primary industry
- Composite Reinforcement Textiles (Carbon/Glass/Aramid Fabrics & Preforms) (IMAOADAH)
- akta.pro secondary industry
- Electroplating & Metallization Chemicals (Cu/Ni/Au plating, additives) (IMAEAKAK)
Keywords
Where MXT is headquartered
LocationHeadquarters
- HQ city
- Montréal
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
MXT business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Technology or R&D, Operations, Infrastructure, Personnel, Marketing or Sales, Supply Chain
Revenue model
- Anti-theft EAS Products: SSDW wire spools (5, 10, 20 km lengths), EAS tags for retail and libraries, deactivators (contact and near-contact types, freestanding/flush-mounted/handheld), and CFA applicators combining SSDW with adhesive tape into tagging material.
- Fine Metallic Fibers: Ultra-fine magnetic fibers (down to 25 µm), high permeability magnetic fibers, specialized metallic fibers, oxide ceramic fibers. Available in multiple formats: as-produced (up to 20m lengths), chopped (2-15 cm), thread products (customer-specified fiber loading), and sheet products.
- Specialized Electroplating Services: High-speed automated electroplating of soft magnetic materials, cobalt alloys, and fine wire processing including semi-hard magnetic fine wire.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | SSDW Wire - standard spool sizes |
| Unit Pricing | Pay-as-you-go | Fine Metallic Fibers - multiple formats |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels2 records
MXT product offering
Product offeringCore offering
MXT develops and manufactures advanced materials using proprietary melt extraction technology, producing anti-theft Electronic Article Surveillance (EAS) tagging wire (SSDW®), EAS tags and deactivators, high-permeability magnetic fibers (Permalloy/amorphous cobalt), custom metallic fibers from rare-earth alloys, oxide ceramic fibers, and specialized high-speed electroplating services for soft magnetic and cobalt materials.
Product overview
MXT offers a portfolio of advanced materials products centered on three main areas: (1) Anti-theft/EAS products including SSDW® wire, EAS tags, deactivators, and the CFA applicator gun; (2) Fine metallic fibers including high permeability magnetic fibers (Permalloy/amorphous cobalt), specialized metallic fibers, and oxide ceramic fibers produced via patented melt extraction technology; and (3) Specialized electroplating services for soft magnetic materials and cobalt. All manufacturing processes are highly automated to minimize labor costs.
Differentiator
Problem solved
Functional benefit
Products and services
- SSDW® (Single Strand Deactivatable Wire) Anti-theft tagging material consisting of a magnetically semi-hard deactivating wire core (125 µm diameter) covered by a soft-magnetic detectable sheath (12.5 µm thick). Compatible with commercial EAS gates using electromagnetic detection. Sold in spools of 5, 10, or 20 km lengths, positioned as the lowest-cost EAS material on the market. Used by retail stores, libraries, manufacturers, and security/authentication providers.
- EAS Tags Electronic Article Surveillance tags available in various formats for retail and library use, compatible with electromagnetic detection systems and built using MXT's SSDW.
- Deactivators MXT-designed deactivators available as contact or near-contact devices, in freestanding/flush-mounted, or handheld form factors. 100% effective with all electromagnetic tags built from MXT's SSDW material.
- Conversion-free Applicator (CFA) Gun Handheld applicator gun that combines SSDW® and adhesive tape into EAS tagging material, cuts and extrudes a tag. Cartridges contain 100m SSDW® and 100m clear adhesive tape. Designed for high-speed source marking during manufacturing and packaging.
- High Permeability Magnetic Fibers Permalloy or amorphous cobalt fibers with DC magnetic permeability up to 10^6, AC permeability at 50 kHz up to 10^4, tensile strength of 4 GPa, high giant magnetoimpedance (GMI), 30 µm diameter. Available in lengths of 2–10 cm or up to 10 m. Used for anti-counterfeiting, anti-theft tagging, magnetic field sensing, and electromagnetic screening.
- Specialized Metallic Fibers (Custom) Custom metallic fibers produced using MXT's melt extraction technology from reactive materials such as rare-earth alloys. Fibers can be made from materials not readily produced by conventional processes.
- Oxide Ceramic Fibers Ceramic fibers produced from oxide ceramics using MXT's melt extraction process. Flexible fibers available in lengths up to 20 meters.
- Specialized Electroplating Services Custom electroplating services for soft magnetic materials and cobalt, particularly automated high-speed coating of fine wire for soft magnetic material and cobalt alloys. Also includes semi-hard magnetic fine wire processing.
Quantifiable outcome
- SSDW is the lowest cost EAS material on the market
- +3 more outcomes
Companies that use MXT
Customer profileSegments4 records
Ideal customer profiles4 records
MXT technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
MXT partnerships and signals
Strategic signalScale indicators2 records
Recent moves4 records
Expansion highlights4 records
MXT competitors and assessment
Company assessmentDirect peers
- Checkpoint Systems: Global leader in Electronic Article Surveillance (EAS) and RFID solutions for retail, now part of CCL Industries. Directly comparable to MXT as a primary competitor in the electromagnetic EAS tagging market that SSDW targets.
- Ames Goldsmith Corporation: Specialty manufacturer of magnetic alloys, amorphous metal ribbons, and soft magnetic materials. Comparable to MXT in producing high-permeability magnetic materials used in sensing, security, and electromagnetic applications.
- Nedap Retail: Provider of EAS, RFID, and retail loss-prevention solutions with strong European presence. Directly comparable as an EAS competitor where MXT's SSDW is sold and as a transitionary peer showing the EAS-to-RFID shift.
- Sensormatic Solutions (Johnson Controls): One of the largest EAS hardware and solutions providers globally, owned by Johnson Controls. Directly competes with MXT in retail anti-theft tagging and source-marking applications where SSDW is positioned.
Broad incumbents
- Hitachi Metals (Proterial): Major manufacturer of specialty steels and magnetic materials including soft magnetic alloys and amorphous metal products. Adjacent competitor in the specialty magnetic materials space where MXT operates.
- Elektrisola: Global manufacturer of fine and ultra-fine magnet wire, including specialty alloys for inductive and electromagnetic applications. Comparable to MXT in the fine specialty wire drawing space, though at much larger scale.
- TDK Corporation: Global electronics and magnetic materials giant producing soft magnetic materials, inductors, and specialty components. Comparable to MXT in serving electromagnetic applications and competing in magnetic materials broadly.
- Vacuumschmelze: Large specialty magnetic materials and components manufacturer offering soft magnetic alloys, semi-hard magnetic materials, and inductive components. Overlaps with MXT's high-permeability Permalloy/cobalt fiber portfolio at the materials level.
Emerging players
- Marktek Inc. Niche supplier of conductive textiles, EMI shielding materials, and specialty fiber-based products. Comparable to MXT in the specialty conductive/magnetic fiber space and as a similar-scale emerging materials specialist.
- ARC Technologies: Manufacturer of specialty electromagnetic absorption and shielding materials including magnetic-loaded composites. Adjacent to MXT's high-permeability fibers used in electromagnetic screening and shielding applications.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
MXT social profiles
Digital presenceMXT financial estimates
Financial estimateRevenue estimate
Valuation estimate
MXT leadership team
Management profileNumber of profiles
Profiles1 record
MXT funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
MXT 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 MXT
What does MXT do?
MXT develops and manufactures advanced materials using proprietary melt extraction technology, producing anti-theft Electronic Article Surveillance (EAS) tagging wire (SSDW®), EAS tags and deactivators, high-permeability magnetic fibers (Permalloy/amorphous cobalt), custom metallic fibers from rare-earth alloys, oxide ceramic fibers, and specialized high-speed electroplating services for soft magnetic and cobalt materials.
Is MXT a public or private company?
MXT is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was MXT founded?
MXT was founded in 1996. It employs 1 to 10 people.
Where is MXT based?
MXT is headquartered in Montréal, Canada, in the North America region.
How does MXT make money?
Three revenue lines are on record. Anti-theft EAS Products are the primary driver. The others are fine Metallic Fibers and specialized Electroplating Services.
Who are MXT's main competitors?
Direct peers on record are Checkpoint Systems, Ames Goldsmith Corporation, Nedap Retail and Sensormatic Solutions (Johnson Controls). Broad incumbents are Hitachi Metals (Proterial), Elektrisola, TDK Corporation and Vacuumschmelze. Emerging players are Marktek Inc. and ARC Technologies.
Does MXT have an API?
No public API is recorded for MXT.
What industry is MXT in?
MXT's product category is Specialty Advanced Materials Manufacturing. Its primary akta.pro industry code is IMAOADAH, Composite Reinforcement Textiles (Carbon/Glass/Aramid Fabrics & Preforms), with a secondary code of IMAEAKAK, Electroplating & Metallization Chemicals (Cu/Ni/Au plating, additives). Its NAICS code is 332618 and its SIC code is 3357.