Inside this Issue: CONTENT FEATURES & COLUMNS 4 ABB Powers Tourists to Niagara Falls with First US-Built All-Electric Vessels, Equipped with Both PermanentMagnet and Inductive-Magnet Thruster Motors Two new Maid of the Mist passenger vessels will be entirely powered by high-capacity battery packs and driven by electric motors utilizing both permanent magnet and inductive magnetic technologiesbecoming the first all-electric vessels ever built in the US. page 4 6 Toyota Develops New Magnet for Electric Motors Aiming to Reduce Use of Critical Rare-Earth Element by Up to 50% Toyota researchers say they have found a way to dramatically cut the cost of electric motors by reducing up to 50% the amount of neodymium in their magnets in favor of less expensive and more abundant rare earth elements lanthanum and cerium. They can withstand the high temperatures in automotive systems, a key factor for magnetic performance in a vehicle motor. page 6 14 Race to Develop Electric-Powered Autonomous Aircraft Opening New Market for Permanent-Magnet Motors The race to develop autonomous electric aircraft is poised to open new markets for permanent magnet motors as several leading aviation firms are breaking into the skies with new prototypes of vertical take-off and landing craft designed for commercial passenger and cargo transport. 16 Tech Tips: The Economics of a Transformer To many customers the cost of a transformer is simply the monetary value at the time of purchase. In a broad sense this is adequate. After all, the material cost of a device is one of the biggest, if not the biggest, driver of the selling price. page 14 DEPARTMENTS 4 16 18 22 26 36 38 Editor's Choice/ Features Research & Development Product News Industry News Resource Guide Marketplace/ Advertising Index Visions Connect with Us www.MagneticsMag.com July/August 2019 * Magnetics Business & Technology 3http://www.MagneticsMag.com