Niron Magnetics is developing the world’s first commercial, bulk Iron Nitride (Fe₁₆N₂) permanent magnets. Using a patented, scalable process, Niron will produce high powered magnets using commonly available iron and nitrogen raw materials. Our synthesis process is made up of well understood, mature metallurgical methods such as arc melting, melt spinning, and nitriding (all commonly used for steel processing). Building off more than a decade of scientific research and development, Niron has developed advanced manufacturing techniques to precisely control and manipulate the crystal structure of Iron Nitride to obtain highly anisotropic magnets. Development of these scalable manufacturing methods has resulted in the publication of more than 20 peer-reviewed scientific papers, as well as 17 granted and 35 pending patents. Niron’s Iron Nitride magnets have a higher magnetic flux density than conventional Ferrite and NdFeB-based magnets, enabling size and weight reduction in motors without compromising power or torque. Additionally, with the 60% higher magnetic flux density compared to NdFeB magnets, Iron Nitride unlocks new possibilities in power generation and conversion.