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On 26 March 2026, Avingtrans plc's subsidiary, Scientific Magnetics Ltd, shipped its 20th superconducting magnet for quantum computing applications. The company also reported an additional 18 such systems are currently in production.
26 March 2026
Avingtrans plc
("Avingtrans", the "Company", or the "Group")
Scientific Magnetics Ships 20th Quantum Magnet
Avingtrans plc (AIM: AVG), which designs, manufactures and supplies critical components, modules, systems and associated services to the energy, medical and industrial sectors, is pleased to announce that its Oxfordshire-based subsidiary Scientific Magnetics Ltd has shipped its 20th superconducting magnet for quantum computing applications. The Company is part of the Magnetica Group, majority owned by Avingtrans PLC.
Scientific Magnetics (SciMag) has over 30 years' expertise in environmental factors that directly affect qubit noise performance, positioning the Abingdon-based Company as key partner for qubit magnet technologies, from design and manufacture to site qualification.
The landmark delivery comes hot on the heels of Chancellor Rachel Reeves' announcement of plans to make the UK the first country in the world to roll out quantum computers at scale. In her Mais lecture on 17 March, the Chancellor confirmed £2.5 billion investment in the UK's AI and quantum technologies industries, designed to ensure British companies can scale and succeed while remaining in the country. The quantum computing industry is expected to create more than 100,000 UK jobs over the next two decades, generating £212 billion of economic impact.
The quantum computing sector is widely recognised as one of the most significant technological frontiers of the coming decade. Quantum computers use the principles of quantum mechanics to process information faster than conventional computers, enabling them to solve problems too complex or large for even the most powerful classical computers. Several leading technology companies, research institutions and startups already possess operational quantum computers, with commercial-scale systems expected to require multiple precision magnet systems per installation.
As well as quantum computing, SciMag develops and manufactures advanced superconducting and resistive magnet systems for customers in MRI, scientific research, and medical physics.
Clint Gouveia, managing director of SciMag, said: "Delivering our 20th superconducting magnet for quantum computing applications is a significant achievement for our team, who are working at the leading edge of the quantum computing revolution. With a further 18 systems in production and a strong forward order book, we are developing a promising position as a key supplier of the precision magnet systems needed to produce future quantum computers at scale."
Stuart Gall, CEO of Avingtrans PLC Medical and Industrial Imaging Division added: "This delivery is a significant landmark for SciMag. With its combination of superconducting magnet technology and deep environmental expertise, the company is positioned right at the heart of this new technology, supplying essential components that underpin the qubit architecture needed to scale the industry at large."
Enquiries:
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Avingtrans plc |
01354 692 391 |
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Roger McDowell, Chairman Steve McQuillan, Chief Executive Officer Stephen King, Chief Financial Officer Austen Adams, Chief Operating Officer
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Singer Capital Markets (Nominated Adviser and Broker) |
020 7496 3000 |
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Shaun Dobson Alex Bond |
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IFC Advisory (Financial PR) |
020 3934 6632 |
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Graham Herring Tim Metcalfe Zach Cohen |
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About Avingtrans plc:
Avingtrans designs, manufactures and supplies original equipment, systems and associated aftermarket services to the energy, medical and industrial markets worldwide.
Business units
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Hayward Tyler - Luton & East Kilbride, UK and USA, China and India Specialises in the design, manufacture and servicing of performance-critical motors and pumps for challenging and highly regulated markets.
Slack and Parr - Kegworth, UK Focused on the design, manufacture and servicing of advanced precision gear metering pumps, industrial dosing pumps and hydraulics flow divider solutions.
Energy Steel, Inc - Rochester Hills, Michigan, USA Provider of custom fabrications for the nuclear industry, specialising in: OEM parts obsolescence; custom fabrications; engineering design solutions; product refurbishment; on-site technical support.
Stainless Metalcraft Ltd - Chatteris, UK |
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Provider of safety-critical equipment for the energy, medical, science and research communities, worldwide, specialising in precision pressure and vacuum vessels and associated fabrications, sub-assemblies and systems.
Booth Industries - Bolton, UK Designs, manufactures, installs and services doors and walls which can be tailored to be: blast & explosion proof; fireproof; acoustically shielded; high security/safety; or combinations of the above. |
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Ormandy Group - Bradford, UK Designs, manufactures and services off-site plant, heat exchangers and other HVAC (heating, ventilation and air conditioning) products.
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Composite Products Ltd - Buckingham, UK Centre for composite technology, parts and assemblies, serving customers in industrial markets.
Magnetica Ltd - Brisbane, Australia Magnetica Limited specialises in the development of next generation MRI technologies, including dedicated extremity MRI systems and MRI system components. Magnetica has successfully built and tested a compact, integrated 3 Tesla orthopaedic MRI system, demonstrating clinical-quality imaging. Commercialisation of this system (and others) is on-going. Magnetica's structure now includes two other business units:
Scientific Magnetics - Abingdon, UK Designs and manufactures superconducting magnet systems and associated cryogenics for a variety of markets including MRI and provides services for Nuclear Magnetic Resonance instruments.
Tecmag Inc - Houston, USA Designs, manufactures and installs instrumentation, including consoles, system upgrades, and probes, mainly for Magnetic Resonance Imaging (MRI) and Nuclear Magnetic Resonance (NMR) systems.
Adaptix Ltd - Oxford & Edinburgh, UK Designs and manufactures novel 3D X-ray systems, with imaging from a stationary source, at a significantly lower dose than CT. Markets include orthopaedics, veterinary and non-destructive evaluation. |