Magplane Technology, Inc.
MAGP
Other OTC0.00
USD
- -
- -
ISIN
US5597731067
CUSIP
559773106
Return %
Stock
S&P500
1Y
0.00
26.53
3Y
- -
76.60
5Y
-95.00
80.11
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- D. Bruce Montgomery
- Sector
- Industrials
- Industry
- Railroads
- Address
- Unit 10 Hampton NH United States of America 03842
- IPO Date
- Sep 14, 2009
- Website
- magplane.com
- Similar Companies
- Business
- Magplane Technology, Inc. develops and provides magnetic technology systems primarily for the transportation of people and bulk materials. Its core products include the Magplane Maglev transportation system, a magnetic levitation-based infrastructure designed for high-speed passenger transit and light-rail systems, as well as the MagPipe magnetic dry bulk materials transport application aimed at minimizing pollution and reducing the reliance on diesel trucks for hauling materials in mining operations. Founded in 1995 and headquartered in Hampton, New Hampshire, the company operates principally in the United States and China, with a focus on markets requiring efficient, low-pollution transport solutions. Recent operational developments include participation in demonstration projects in China, specifically in Zhangjiakou and Inner Mongolia, advancing the MagPipe system for commercial use. The company strengthens its technological base through strategic partnerships and joint ventures, notably with Chinese industrial and government entities, aimed at commercializing magnetic transport infrastructure. Magplane Technology concentrates on integrating advanced magnetic propulsion and control technology to serve mining and high-speed transit sectors, reflecting an ongoing strategic emphasis on environmentally sustainable and high-efficiency transportation solutions.