Luvata wins prestigious IEEE Spectrum ACE Award
Apr 02, 2014
Technology voted most likely to benefit humankind
Luvata, a world leader in metals manufacturing,
heat-transfer technology and engineering and design
services, was awarded the Technology in the Service of Society
ACE (Annual Creativity in Electronics) Award at the 10th Annual EE
Times/EDN Awards ceremony held yesterday in San Jose,
California. The awards program honors the people and
companies behind the technologies and products that are changing
the world.
IEEE Spectrum is a magazine edited by the 'Institute of
Electrical and Electronics Engineers'. The Technology in the
Service of Society ACE award is presented to the company
voted by a panel of EE Times and EDN editors as well as
independent judges as the having the technology with the greatest
potential to benefit humankind.
Luvata's contributions to the world's most powerful 11.75 Tesla
MRI being built by CEA Saclay in France were featured in an IEEE
Spectrum article from October 2013. By producing improved
superconducting cables, Luvata unleashes the potential for more
powerful MRI scanners with better resolution. This could open
the door for MRIs to detect early indications of brain diseases
such as Alzheimer's or Parkinson's and perhaps refine the methods
developed to treat those illnesses.
"The millions of people owing their continued health to an MRI
machine's diagnosis can attest to this technology's practical
importance," suggests Dr. Hem Kanithi, Vice President of Business
Development with Luvata Superconductors. "And the more we
advance the applications of superconductors, the more they will
touch our lives," believes Kanithi. "Luvata is incredibly
honored to receive this award."
Today Luvata manufactures over one-third of the world's MRI
superconducting wire and is distinguished from its competitors by
supplying superconductors to all four of the major MRI coil
manufacturers: Phillips, Siemens, GE and Mitsubishi. In
addition Luvata superconductor strands are used in high energy
physics projects such as the Large Hadron Collider at CERN, in
Switzerland, the world's largest highest-energy particle
accelerator and fusion energy development.
For more information, please contact:
Justin Roux
Senior Vice-President of Communications
Tel: +44 (0)208 380 0300
Email: justin.roux[@]luvata.com
Susan Porter
Communications Manager
Tel: +1 740 368 7750
Email: susan.porter[@]luvata.com
About Luvata
Luvata is a world leader in metal solutions manufacturing and
related engineering services. Luvata's solutions are used in
industries such as renewable energy, power generation, automotive,
medicine, air-conditioning, industrial refrigeration, and consumer
products. The company's continued success is attributed to its
longevity, technological excellence and strategy of building
partnerships beyond metals. Employing over 6,300 staff in 17
countries, Luvata works in partnership with customers such as
Siemens, Toyota, CERN, and Carrier.
About Nordic Capital Private Equity Funds
Since the start in 1989, Nordic Capital Private Equity Funds
have invested in large and medium sized companies, primarily in
Northern Europe. Through committed ownership and by targeting
strategic development and operational improvements, Nordic Capital
creates value in its investments. The funds invest in companies in
Northern Europe and in selected investment opportunities
internationally. They are based in Jersey, Channel Islands, and are
advised by the NC Advisory companies in Sweden, Denmark, Finland,
Norway, Germany and the UK. Additional information about Nordic
Capital is available through its corporate website, www.nordiccapital.com.
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