Sheffield magnetics firm attracts £1.26m government grant

David Latimer, CEO at Magnomatics, Sheffield. 18 August 2015.
David Latimer, CEO at Magnomatics, Sheffield. 18 August 2015.
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A Sheffield magnetic gear company has secured a £1.26m government grant to cut vehicle emissions in the freight industry.

Magnomatics will fit its MAGSPLIT transmission device - a gear and motor - into two lorries as part of a year-long trial.

It is part of a £20m project to reduce pollution that will see vans go electric and lorries running as hybrids or on hydrogen dual-fuel.

The freight industry accounts for a third of the UK’s CO2 transport emmissions.

David Latimer, of Magnomatics, said: “This trial will verify the technology.”