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LG Innotek Unveils the Industry’s First Eco friendly and HRE Free Magnet with High efficiency

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Reduced dependence on certain countries for key raw materials, contributing to stabilizing the magnet supply chainSignificant reduction in environmental pollutants, marking a win for ESG-focused global customersDevelopment of rare earth-free magnets also underway, eliminating the need for even light rare earth elements

SEOUL, South Korea, Nov. 5, 2024 /PRNewswire/ — LG Innotek (CEO, Moon Hyuksoo) announced on November 5, 2024, that it has developed a ‘high-performance eco-friendly magnet’ with the world’s strongest magnetic force without using any Heavy Rare Earth (HRE) metals.

Magnets are essential parts of a variety of power-driven products, including smartphone actuators, vehicle motors, and audio speakers. The push and pull forces of magnets provide this power.

Until now, HRE metals have been used as a key material for magnets, essential for maintaining magnetic strength at high temperatures. However, these metals are primarily sourced from only a few countries, such as China, and are known to have high price fluctuations and supply instabilities due to geopolitical risks.

Additionally, the mining process generates severe environmental pollution. Therefore, developing HRE-free products has been considered an urgent challenge for the industry.

Industry-first alloy that replaces HRE metals

In 2021, LG Innotek introduced a magnet with 60% lower HRE metal content compared to previous magnets. The company’s newest product, however, does not use any expensive HRE metals, such as terbium (Tb) or dysprosium (Dy).

This achievement was made possible through collaboration with the Korea Institute of Materials Science, leading to the development of a pioneering multi-component alloy capable of replacing HRE metals. This alloy, uniformly pasted to each magnet and heated for even diffusion, resulted in the development of the ‘high-performance eco-friendly magnet’ recently unveiled by LG Innotek. The company’s ‘high-performance eco-friendly magnet’ boasts an industry-leading magnetic performance of 13.8kG (kilogauss, a unit of magnetic field strength).

Previously, HRE metals were considered necessary to increase the durability of magnets at high temperatures. However, the company’s ‘high-performance eco-friendly magnet’ boasts at temperatures up to 180℃ without using any HRE elements or expensive precious metals.

Reduced dependence on a single country for key raw materials, contributing to stabilizing the magnet supply chain

China and a few other countries dominate the global market for HRE metals, controlling global supply and demand. Recently, the price of HRE metals has fluctuated significantly as certain countries have taken steps to adjust the supply.

According to the Korea Mineral Resource Information Service (KOMIS), the price of terbium has surged by 331% in four years, rising from USD 900/kg on September 28, 2020, to USD 2,983/kg on February 21, 2022. Dysprosium has also seen increases of up to 189% over the past four years. Such extreme fluctuations in HRE prices are a risk factor that could lead to disruptions in magnet production.

With the development of its ‘high-performance eco-friendly magnet’, LG Innotek is able to contribute to stabilizing the magnet supply chain by significantly reducing its dependence on certain countries for HRE metals.

By eliminating the need for HRE metals, the company is also able to reduce the cost of raw materials required for magnet production by 60%.

Significant reduction in environmental pollutants, marking a win for ESG-focused global customers

The ‘high-performance eco-friendly magne’t is also welcome news for major global customers who value eco-friendly technologies to minimize environmental pollution.

Study results show that mining one kilogram of HRE metals generates more than 0.5 tons of carbon dioxide (CO₂) and 450kg of acidic wastewater and radioactive substances.

LG Innotek’s ‘high-performance eco-friendly magnet’ eliminates the need for mining HRE metals, enabling global customers to significantly reduce environmental pollutants in their production processes. For example, using ‘high-performance eco-friendly magnets’ instead of conventional ones in electric vehicles can reduce the generation of environmental pollutants by about 45kg per vehicle.

LG Innotek plans to apply its ‘high-performance eco-friendly magnet’ to its products, such as smartphone actuators, to further enhance their price competitiveness.

In addition, it will actively promote the product to global automakers, automotive parts companies, and smartphone manufacturers to expand its application to sectors such as home appliances and robots.

LG Innotek Chief Technology Officer S. David Roh said, “LG Innotek is also developing rare earth-free magnets that use no heavy or light rare earths at all.” He went on to say, “We will continue to deliver distinguished customer value to our customers by introducing innovative materials and parts ahead of the curve.”

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RTX’s Pratt & Whitney Valox™ 1500 Engine Completes Key Design Milestone

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Valox 1500 design set to deliver an optimal mix of affordability, performance and speed to market for autonomous platforms

LONDON, July 21, 2026 /PRNewswire/ — Farnborough International Airshow — Pratt & Whitney, an RTX (NYSE: RTX) business, has successfully completed a key design milestone for its Pratt & Whitney Valox™ 1500 engine, a new powerplant intended for semi-autonomous collaborative platforms. A comprehensive digital assessment confirms the design is on track to deliver an optimal mix of performance, affordability, and speed to market.

“This milestone reflects Pratt & Whitney’s agility and commitment to delivering critical capability to the warfighter at speed,” said Jill Albertelli, president of Pratt & Whitney’s Military Engines business. “By optimizing the engine design for reduced mission life and moving beyond traditional development timelines, our team is bringing forward a more affordable, scalable propulsion solution for emerging operational needs.”

Leveraging proactive investments in digital engineering, Pratt & Whitney has significantly de-risked the development timeline and is now focused on maturing the design for follow-on ground testing. In late 2025, Pratt & Whitney received a contract award valued at more than $10 million from the U.S. Air Force to advance the engine design.

Pratt & Whitney recently unveiled the Pratt & Whitney Valox™ engine family, which is engineered to deliver the speed, precision, and affordability required for modern collaborative combat systems and a broad range of emerging applications.

About Pratt & Whitney
Pratt & Whitney, an RTX business, is a world leader in the design, manufacture and service of aircraft engines and auxiliary power units for military, commercial and civil aviation customers. Since 1925, our engineers have pioneered the development of revolutionary aircraft propulsion technologies, and today we support more than 90,000 in-service engines through our global network of maintenance, repair and overhaul facilities.

About RTX
With more than 180,000 global employees, we push the limits of technology and science to redefine how we connect and protect our world. With industry-leading capabilities, we advance aviation, engineer integrated defense systems for operational success, and develop next-generation technology solutions and manufacturing to help global customers address their most critical challenges. The company, with 2025 sales of more than $88 billion, is headquartered in Arlington, Virginia.

For questions or to schedule an interview, please contact corporatepr@rtx.com

 

View original content:https://www.prnewswire.com/news-releases/rtxs-pratt–whitney-valox-1500-engine-completes-key-design-milestone-302830230.html

SOURCE RTX

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CLO zFab Kit Now Available Globally: AI-Powered Fabric Digitization, No CLO License Required

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Standalone solution available via CLO-SET brings fast and accurate cutting-edge fabric digitization technology to brands, vendors, fabric mills and supply chain partners worldwide

NEW YORK, July 21, 2026 /PRNewswire/ — CLO Virtual Fashion today announced the availability of the CLO zFab Kit, a revolutionary AI-powered fabric digitization solution, now available for order and shipping to customers worldwide. The biggest news for the industry: the CLO zFab Kit can operate as a standalone solution without needing access to the CLO software to operate. Brands, vendors, fabric mills, fabric agents, and supply chain partners can digitize fabrics with full accuracy and produce ready-to-use digital materials via the web using CLOFAB via CLO-SET; a CLO software license is not needed.

“We’ve been eager to come up with ways to address some of the pain points of fabric digitization that our users and clients were going through. Quality was inconsistent, devices were slow and difficult to operate, pricey and often locked behind specialist workflows,” said Justin Kim, 3D Design & Implementation at CLO. “The CLO zFab Kit closes the gap. And by making it truly standalone via the web on CLO-SET, we’re putting accurate digital fabric in reach of the entire supply chain, not just the design teams already using CLO.”

What the CLO zFab Kit Delivers

The CLO zFab Kit combines three pieces of purpose-built hardware (zFab Cutter, zFab Scanner and zFab Draper) with CLO’s AI-powered software to capture a fabric’s physical and visual properties from a single circular sample. The output is a high-fidelity digital fabric, including PBR maps and physical property data, ready to drop into any workflow.

Three things set it apart:

Superior Accuracy. Replaces error-prone manual measurement with a streamlined cutting, scanning and analysis system, producing digital fabrics that can effectively drive production decisions.AI-driven Automation. Powered by proprietary AI and trained on CLO and swatchbook’s extensive fabric dataset, the CLO zFab Kit speeds up digitization while keeping results consistent across operators and locations.Seamless Integration. Outputs work natively in CLO’s platform and export cleanly to other 3D environments – no rework, no format gymnastics.

 

Built for the Fashion Supply Chain

While the CLO zFab Kit perfectly complements design teams using the CLO software, it was purposefully built with fabric mills, vendors, sourcing teams, and material libraries in mind. By providing suppliers with the best tools to create high-quality digital fabrics quickly, easily and consistently, the CLO zFab Kit can help cut physical sample shipments, shortens material approval cycles, and gives everyone in the workflow chain cleaner and better data to decide and act with more confidence.

The CLO zFab Kit is available globally for ordering today. It does not require CLO licenses to operate and use. Pricing, configuration, demo requests, and how-to-use tutorials are available at zfabkit.clo3d.com

About CLO Virtual Fashion

CLO Virtual Fashion is the creator of CLO, the leading 3D fashion design software used and trusted by designers, small businesses, and titans of the fashion industry to achieve a seamless digital workflow. With over two decades of research and development in accurate garment simulation, CLO Virtual Fashion’s mission is to empower users at every step of the garment journey, from concept to design, manufacturing to marketing, and fitting to styling. In addition to 3D garment design software, CLO Virtual Fashion’s products include CLO-SET (a cloud-based asset management and collaboration platform), CONNECT (a digital fashion hub and marketplace), and consumer-facing solutions such as e-commerce virtual fittings. CLO’s interconnected and ever-growing product ecosystem is built to power the future of everything related to garments.

View original content to download multimedia:https://www.prnewswire.com/news-releases/clo-zfab-kit-now-available-globally-ai-powered-fabric-digitization-no-clo-license-required-302830468.html

SOURCE CLO Virtual Fashion

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Arcfra Releases Neutree 1.1 to Help Enterprises Optimize GPU Utilization and Govern AI Inference at Scale

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SINGAPORE, July 21, 2026 /PRNewswire/ — Arcfra today announced the release of Neutree 1.1, a Model-as-a-Service platform for enterprise AI inference. The new version adds native GPU virtualization and expanded model governance capabilities, helping enterprises improve GPU utilization while managing model usage, quotas, access control, and security audits across AI applications.

As enterprise AI moves from pilots to production, organizations are running more diverse model workloads, including LLMs, OCR, ASR, embedding, rerank, and other task-specific models. GPU passthrough remains important for high-performance LLM inference, but lightweight and high-concurrency small models can leave GPU memory and compute capacity underused when each workload occupies a full GPU.

Neutree 1.1 adds native vGPU support on top of existing GPU passthrough and logical isolation capabilities. Users can enable GPU virtualization as needed and split GPU resources by memory and compute capacity, allowing one GPU to run multiple model instances for workloads such as OCR, speech, embedding, rerank, and multi-service concurrent inference. For performance-sensitive LLM workloads, users can continue using GPU passthrough to access full-card resources.

The release also provides a global view of node-level GPU usage, helping administrators allocate, schedule, and split resources based on actual demand. With hard-isolated resource partitioning, multiple model instances can run on the same GPU without interfering with each other, improving utilization while maintaining predictable service behavior.

Neutree 1.1 also extends its model gateway with a unified governance layer for internal and external models. As model services are connected to more business systems, platform teams need centralized visibility into usage, quotas, access permissions, and request-level traceability. Neutree helps teams manage token usage, request activity, API key quotas, rate limits, concurrency limits, model access scopes, access logs, and security audits without changing existing application calling patterns.

Neutree is a key component of Arcfra’s agentic AI infrastructure for AI inference. Together with Arcfra Enterprise Cloud Platform, it helps enterprises build production-grade, high-performance, and governable model inference infrastructure across compute, storage, Kubernetes, and observability layers.

Foxconn, the world’s largest electronics manufacturer, was among the first customers to try Neutree. By using its existing Arcfra infrastructure as a production-grade AI foundation, Foxconn adopted Neutree to streamline model delivery and unify compute and model resource management.

Neutree 1.1 is now open source on GitHub. For Neutree Enterprise, contact Arcfra.

View original content:https://www.prnewswire.com/apac/news-releases/arcfra-releases-neutree-1-1-to-help-enterprises-optimize-gpu-utilization-and-govern-ai-inference-at-scale-302830475.html

SOURCE Arcfra

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