24 October 2006

There will be no excuses for lost car keys when Wellington's biggest magnet is wheeled out.
A Lower Hutt-based company has signed a $1.2 million deal to create two giant magnets for research organisations in Germany and Australia.

Superconductor manufacturing firm HTS-110 Ltd, part-owned by government agency Industrial Research Ltd, will design and manufacture the magnets, one of which will use more than 10km of wire and weigh 250kg.