Magnetic attraction has bearing on future

Revolve Magnetic Bearings is a new company that draws together SKF and Revolve Technlogies to develop magnetic bearings. Anders Brannstrom, director of new business at SKF, and chairman of the new company based in Calgary, said, `Magnetic bearing technology is poised for take off in industrial applications, and, as the leading bearing company in the world, SKF must maintain its front line position.’ SKF will own 40% of the new company, with an option to increase ownership to 100%.