Niron Magnetics is a materials science company that develops and manufactures advanced magnetic materials for use in electric motors and other applications. The company's materials are based on a patented iron nitride alloy, which has higher magnetic performance than traditional materials like neodymium iron boron (NdFeB). Niron's materials are also more sustainable and less expensive than traditional materials. The company was founded in 2018 and is headquartered in Pittsburgh, Pennsylvania.