Magnesium alloy IP puts Magontec in driver seat
17 May 2017
17 May 2017
Magnesium alloy producer Magontec has seen a huge turnaround in its fortunes as countries around the world aim to reduce carbon emissions to address climate change.
The Australian-based company is seeing surging interest for its strong, lightweight magnesium alloys as manufacturers seek to improve the efficiency of their products and address their carbon impact – everything from cars to power tools.
Executive Chairman Nic Andrews says car makers recognise that the lighter they make their vehicles, the more efficient they become and therefore emit less carbon.
“Magnesium is two-thirds the weight of aluminium so using magnesium as a weight saving device, for example in an engine block, means the car is lighter, makes it more fuel efficient, and therefore produces less carbon,” he says.
Specialised magnesium alloys produced by Magontec and patented by Griffith Hack are being used in parts found in Porsche and Audi vehicles, Nic says.
As Magontec celebrates recent positive financial milestones, it’s exploring new business opportunities for its alloys where weight is critical, including in power tools and covers for mobile phone towers that are placed on top of buildings.
Griffith Hack has had a long relationship with Magontec, which has gone through a number of difficult corporate restructures over the past 20 years.
Nic says Griffith Hack has always focused on ensuring patents for its alloys were sought in the most relevant jurisdictions for the company, saving time and money.
Griffith Hack has also been able to advise on when not to go down the patent route. Magontec produces a proprietary grain refiner used in military aircraft, which rather than reveal how it’s made via a patent, is more valuable as a trade secret.
Griffith Hack principal Michelle Hedges says protecting IP is about having a vision for its future potential.
“Nic and the team at Magontec are beginning to reap the benefits of their unique alloys as the world seeks new materials that improve the efficiency and mechanical properties of their products,” she said.