Sichuan Jingdu Longtai Technology Co.

, Ltd. has developed into a high-tech enterprise recognized as a national-level specialist in permanent magnetic materials and production equipment. The company has built partnerships with institutions such as the University of Electronic Science and Technology of China and Sichuan University, establishing industry-academia collaboration platforms. It holds over 20 invention patents and more than 50 utility model patents, with 5 core material patents among them. Over the years, the company has expanded its production capacity to 15,000 tons of high-performance permanent ferrite annually and developed a complete system covering R&D, design standards, quality control, and production management., Ltd. The company’s product portfolio includes ferrite permanent magnets, sintered rare-earth permanent magnets, bonded rare-earth magnets and dedicated equipment such as fully automatic wet press machines and intelligent grinding lines. The company also manufactures molds and provides customized magnetic solutions. The company generates revenue from the sale of magnetic materials including ferrite and rare-earth magnets, as well as from the production and sale of magnetic equipment and molds. Income is also derived from licensing patents and providing technical solutions in magnetics. The company aims to enhance its role in advanced manufacturing by upgrading its production equipment and expanding applications of its magnets in automotive, healthcare, and consumer electronics sectors. Following the proposed acquisition by Galaxy Magnets, the company is expected to benefit from resource integration and increased market scale, supporting its long-term growth strategy.

1. Series B

   May 10, 2018

   Amount

   $6.3M

   Investors

   Locked

2. Series A

   Jun 5, 2017

   Amount

   Undisclosed

   Investors

   Locked