magniX Named Most Innovative Company in Energy by Fast Company
Pioneer in electric aviation propulsion technology recognized for profound impact on both industry and culture
REDMOND, Wash., March 10, 2020 /PRNewswire/ -- magniX has been selected to Fast Company's prestigious annual list of the World's Most Innovative Companies (MIC) as No. 1 in the energy category for leading the way in decarbonizing commercial aviation. Fast Company's editors and writers sought out the most groundbreaking businesses on the planet. The list honors the businesses making the most profound impact on both industry and culture.
In June 2019, magniX unveiled the world's most advanced electric propulsion systems for commercial aircraft focused on the Middle-Mile, with the all-electric 750-horsepower magni500 electric propulsion system, the 375-horsepower magni250 electric propulsion system, and the magniDrive, an aerospace-grade multi-application inverter. The electric propulsion systems produce zero emissions and will enable the reduction of aircraft operating costs by up to 80 percent.
magniX also announced three flying platforms with Eviation, AeroTEC and Harbour Air, positioning the company as the leader in the electric aviation revolution. The first flight of the all-electric Beaver aircraft that took place December 10, 2019 with Harbour Air signaled the first step in the electric aviation revolution.
"The successful flight of the world's first all-electric commercial aircraft last year was a watershed moment for the transportation industry and served as a significant milestone for the electric aviation revolution," said Roei Ganzarski, CEO of magniX. "I am incredibly proud of all that the magniX team has accomplished. This honor is well-deserved recognition for their tireless commitment and unending passion for what we are working to accomplish. Flying electric is no longer just a lofty goal for the future —we're making it a reality."
In 2020, magniX is poised to keep the momentum going and will fly two additional all-electric aircraft including a Cessna Grand Caravan 208B, one of the world's most used Middle-Mile aircrafts and the Eviation Alice, a newly designed nine-passenger all-electric plane.
The World's Most Innovative Companies is Fast Company's signature franchise and one of its most highly anticipated editorial efforts of the year. It provides both a snapshot and a road map for the future of innovation across the most dynamic sectors of the economy.
"At a time of increasing global volatility, this year's list showcases the resilience and optimism of businesses across the world. These companies are applying creativity to solve challenges within their industries and far beyond," said Fast Company senior editor Amy Farley, who oversaw the issue with deputy editor David Lidsky.
Fast Company's Most Innovative Companies issue (March/April 2020) is now available online at fastcompany.com/most-innovative-companies/2020, as well as in app form via iTunes and on newsstands beginning March 17, 2020. The hashtag is #FCMostInnovative.
About magniX
Headquartered in Redmond, WA with engineering facilities in Redmond and in Australia, magniX is dedicated to connecting communities by enabling an era of clean and affordable commercial air travel with all-electric propulsion. Developed with proprietary technology, magniX offers a range of revolutionary solutions including the 375HP and 750HP all-electric motors – which produce zero emissions and increased efficiency – and power electronics solutions for various aviation applications. For more information, please visit www.magnix.aero.
ABOUT FAST COMPANY
Fast Company is the only media brand fully dedicated to the vital intersection of business, innovation, and design, engaging the most influential leaders, companies, and thinkers on the future of business. Since 2011, Fast Company has received some of the most prestigious editorial and design accolades, including the American Society of Magazine Editors (ASME) National Magazine Award for "Magazine of the Year," Adweek's Hot List for "Hottest Business Publication," and six gold medals and 10 silver medals from the Society of Publication Designers. The editor-in-chief is Stephanie Mehta and the publisher is Amanda Smith. Headquartered in New York City, Fast Company is published by Mansueto Ventures LLC, along with our sister publication Inc., and can be found online at www.fastcompany.com.
Media Contacts
Bryan Gibbs
Barokas Communications for magniX
[email protected]
SOURCE magniX
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