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![MP’s new magnetics facility in Fort Worth's AllianceTexas development will source materials from Mountain Pass, California and aims to help restore a fully integrated U.S. supply chain. [Rendering: MP Materials]](https://s24806.pcdn.co/wp-content/uploads/2021/12/MP-Materials-Fort-Worth-Magnet-Manufacturing-Facility-940x436.jpg)
MP’s new magnet facility in Fort Worth's AllianceTexas development, which will will source materials from Mountain Pass, California, aims to help restore a fully integrated U.S. supply chain. [Rendering: MP Materials]
MP Materials Is Building a Magnet Factory at AllianceTexas in Fort Worth
by Quincy Preston | Dec 9, 2021
The new magnet manufacturing facility will be the headquarters for MP Magnetics, the company's growing magnetics division.
Production at the new facility could ultimately power 500,000 EV motors each year. MP, which entered a long-term supply agreement with General Motors for rare earth materials and parts, says manufacturing could begin in 2023.
by Alex Edwards |
Dec 9, 2021
Toyota Insurance Management Solutions, which parked its new headquarters in Plano earlier this year, now offers customers customizable coverage via Toyota Auto Insurance. Flexible options are available for rideshare drivers or pet passengers.
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by Alex Edwards |
Dec 9, 2021
With a minority stake investment from Silver Lake, Integrity plans to accelerate the development and implementation of its omnichannel insurtech platform—the only one of its kind, according to the company. The deal bookends a big year for Integrity: 40 acquisitions in 2020, a downtown Dallas HQ move, and new sales placement set to exceed $7 billion.
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by Alex Edwards |
Dec 8, 2021
First Rate Ventures says it's the first fintech-focused venture capital firm in the Dallas-Fort Worth area that will focus on investments in early-stage startups in wealth, investment, regulatory, and mortgage technologies.
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[Image: Courtesy AllianceTexas]
A Supply Chain Revolution Is Driving Mobility Innovation
by AllianceTexas Mobility Innovation Zone | Dec 8, 2021
New technologies and fervent consumer demand are creating a burst of growth opportunities; they call for collaboration, investments, and resources for startups.
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sponsored by AllianceTexas Mobility Innovation Zone
by Quincy Preston |
Dec 8, 2021
Dallas-Fort Worth ranked No. 9 for patents out of 250 metros. Patents granted include: Astrapi's communication devices, systems, software and methods employing symbol waveform hopping; BILT's enhanced information delivery during a customer support session; Digital Seat Media's location-based individualized content and mobile wallet offers; IBM's repetitive stress and compulsive anxiety prevention system; Luraco's massage chair with wireless charger, armrest sliding, hammering devices, and oxygen generation; Nanoscope Technologies' optogenetic modulation by multi-characteristic opsins for vision restoration and other applications; T-Mobile USA's streaming conversion; Tankbots' methods for performing tasks in a tank containing hazardous substances; Sherwin-Williams' method for determining coating requirements; and more.
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by Alex Edwards |
Dec 7, 2021
Zirtue's Alternative Payment Solution—operating in stealth mode to Fortune 500 corporate partners since early 2021—is now open to all businesses for consumers to pay their bills. It's a "new level of convenience," CEO and Co-Founder Dennis Cail says: The product gives those who are struggling a way to lean on friends, family, and loved ones to make payments, while providing accountability and trust to the lender.
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by Alex Edwards |
Dec 7, 2021
Parker is credited with helping to create one of the world's largest airlines.
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Juliana OIiveira and Sara De Oliveira of Beyond Interior Design have created a new concept: Athlete-Centric Design. [Photo: Maribel Morales]
Dallas Design Firm Aims to Turn Pro Athletes’ Homes into ‘Recharging Stations’
by David Seeley | Dec 6, 2021
Juliana Oliveira and her sister Sara de Oliveira co-founded Athlete-Centric Design to transform pro athletes’ lifestyles—not just with luxury design, but by improving their performance on the field through health and wellness elements. Now they hope to score by having their approach adopted as a best practice in the sports industry nationwide.
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by Alex Edwards |
Dec 6, 2021
Berkshire Partners, which calls Tango a "disruptive innovator," invested in the company whose platform is a “single source of truth for all location information” for sites, stores, offices, production facilities, and leases.
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by Dave Moore |
Dec 6, 2021
Mississauga, Ontario-based Evolve Biologics is a producer of plasma-derived therapeutics. The firm's CEO says the new, state-of-the-art, 200,000-SF Sachse facility "will be the foundation of our future growth and global strategy," with the capacity to process 1 million liters of plasma annually and a planned expansion to 2 million liters.
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by Alex Edwards |
Dec 3, 2021
In this week's roundup of hires and promotions in North Texas, you'll also find news from ClubCorp, Excellarate, Dallas College, Arlington Economic Development Corporation, 5G LLC, Envy Gaming, Alpine Advanced Materials, Ryan, StatLab, and more.
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Mance Harmon, co-founder and CEO of Hedera Hashgraph [Image: LinkedIn]
South Korean Bank Tests Stablecoins on North Texas-Based Hedera Network
by David Seeley | Dec 2, 2021
The solution developed by Shinhan Bank and a global megabank outside of Korea enables cross-border funds to be sent and received in a locally denominated stablecoin with "remarkably low fees." The solution is built using the Hedera Token Service and Hedera Consensus Service.
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by David Seeley |
Dec 2, 2021
Sherwood Bedding, which was acquired by Tempur Seal for $40 million in 2020, aims to pair handmade craftsmanship with advanced automation. The firm and its third-generation founders are expanding to a customized, 234,395-square-foot facility to be built near the Grandscape complex west of the North Dallas Tollway.
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by Alex Edwards |
Dec 1, 2021
The new fulfillment center in Coppell, the company's third in the U.S., is expected to bridge the gap between the company's coastal facilities—significantly reducing shipping times for Texas and the rest of the country. Printful is the first privately owned company with Latvian roots to achieve unicorn status.
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by Alex Edwards |
Dec 1, 2021
The Irving-based convenience store chain is partnering with robotics company Nuro to deliver goods to customers' doors in Mountain View, via autonomous Priuses. Nuro was the first autonomous vehicle company to receive a deployment permit from the California DMV in December 2020.
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