RCS - Avingtrans PLC - Scientific Magnetics Ships 20th Quantum Magnet

AvingtransAnnouncement

Yesterday 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260326:nRSZ1422Ya&default-theme=true

RNS Number : 1422Y  Avingtrans PLC  26 March 2026

26 March 2026

 

Avingtrans plc

 

("Avingtrans", the "Company", or the "Group")

 

Scientific Magnetics Ships 20th Quantum Magnet

 

Avingtrans plc (AIM: AVG), which designs, manufactures and supplies critical
components, modules, systems and associated services to the energy, medical
and industrial sectors, is pleased to announce that its Oxfordshire-based
subsidiary Scientific Magnetics Ltd has shipped its 20th superconducting
magnet for quantum computing applications. The Company is part of the
Magnetica Group, majority owned by Avingtrans PLC.

 

Scientific Magnetics (SciMag) has over 30 years' expertise in environmental
factors that directly affect qubit noise performance, positioning the
Abingdon-based Company as key partner for qubit magnet technologies, from
design and manufacture to site qualification.

 

The landmark delivery comes hot on the heels of Chancellor Rachel Reeves'
announcement of plans to make the UK the first country in the world to roll
out quantum computers at scale. In her Mais lecture on 17 March, the
Chancellor confirmed £2.5 billion investment in the UK's AI and quantum
technologies industries, designed to ensure British companies can scale and
succeed while remaining in the country. The quantum computing industry is
expected to create more than 100,000 UK jobs over the next two decades,
generating £212 billion of economic impact.

 

The quantum computing sector is widely recognised as one of the most
significant technological frontiers of the coming decade. Quantum computers
use the principles of quantum mechanics to process information faster than
conventional computers, enabling them to solve problems too complex or large
for even the most powerful classical computers. Several leading technology
companies, research institutions and startups already possess operational
quantum computers, with commercial-scale systems expected to require multiple
precision magnet systems per installation.

 

As well as quantum computing, SciMag develops and manufactures advanced
superconducting and resistive magnet systems for customers in MRI, scientific
research, and medical physics.

 

Clint Gouveia, managing director of SciMag, said: "Delivering our 20th
superconducting magnet for quantum computing applications is a significant
achievement for our team, who are working at the leading edge of the quantum
computing revolution. With a further 18 systems in production and a strong
forward order book, we are developing a promising position as a key supplier
of the precision magnet systems needed to produce future quantum computers at
scale."

 

Stuart Gall, CEO of Avingtrans PLC Medical and Industrial Imaging Division
added: "This delivery is a significant landmark for SciMag. With its
combination of superconducting magnet technology and deep environmental
expertise, the company is positioned right at the heart of this new
technology, supplying essential components that underpin the qubit
architecture needed to scale the industry at large."

 

Enquiries:

 

 Avingtrans plc                                          01354 692 391
 Roger McDowell, Chairman

 Steve McQuillan, Chief Executive Officer

 Stephen King, Chief Financial Officer

 Austen Adams, Chief Operating Officer

 Singer Capital Markets (Nominated Adviser and Broker)   020 7496 3000
 Shaun Dobson

 Alex Bond

 IFC Advisory (Financial PR)                             020 3934 6632
 Graham Herring

 Tim Metcalfe

 Zach Cohen

 

About Avingtrans plc:

 

Avingtrans designs, manufactures and supplies original equipment, systems and
associated aftermarket services to the energy, medical and industrial markets
worldwide.

 

Business units

 

 Hayward Tyler - Luton & East Kilbride, UK and USA, China and India

 Specialises in the design, manufacture and servicing of performance-critical
 motors and pumps for challenging and highly regulated markets.

 Slack and Parr - Kegworth, UK

 Focused on the design, manufacture and servicing of advanced precision gear
 metering pumps, industrial dosing pumps and hydraulics flow divider solutions.

 Energy Steel, Inc - Rochester Hills, Michigan, USA

 Provider of custom fabrications for the nuclear industry, specialising in: OEM
 parts obsolescence; custom fabrications; engineering design solutions; product
 refurbishment; on-site technical support.

 Stainless Metalcraft Ltd - Chatteris, UK
 Provider of safety-critical equipment for the energy, medical, science and
 research communities, worldwide, specialising in precision pressure and vacuum
 vessels and associated fabrications, sub-assemblies and systems.

 Booth Industries - Bolton, UK

 Designs, manufactures, installs and services doors and walls which can be
 tailored to be: blast & explosion proof; fireproof; acoustically shielded;
 high security/safety; or combinations of the above.

 Ormandy Group - Bradford, UK

 Designs, manufactures and services off-site plant, heat exchangers and other
 HVAC (heating, ventilation and air conditioning) products.

 Composite Products Ltd - Buckingham, UK

 Centre for composite technology, parts and assemblies, serving customers in
 industrial markets.

 Magnetica Ltd - Brisbane, Australia

 Magnetica Limited specialises in the development of next generation MRI
 technologies, including dedicated extremity MRI systems and MRI system
 components. Magnetica has successfully built and tested a compact, integrated
 3 Tesla orthopaedic MRI system, demonstrating clinical-quality imaging.
 Commercialisation of this system (and others) is on-going. Magnetica's
 structure now includes two other business units:

 Scientific Magnetics - Abingdon, UK

 Designs and manufactures superconducting magnet systems and associated
 cryogenics for a variety of markets including MRI and provides services for
 Nuclear Magnetic Resonance instruments.

 Tecmag Inc - Houston, USA

 Designs, manufactures and installs instrumentation, including consoles, system
 upgrades, and probes, mainly for Magnetic Resonance Imaging (MRI) and Nuclear
 Magnetic Resonance (NMR) systems.

 Adaptix Ltd - Oxford & Edinburgh, UK

 Designs and manufactures novel 3D X-ray systems, with imaging from a
 stationary source, at a significantly lower dose than CT. Markets include
 orthopaedics, veterinary and non-destructive evaluation.

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NRAJAMFTMTJTBBF



            Copyright 2019 Regulatory News Service, all rights reserved