We are pleased to announce that Magnevane has established itself in Europe, more specifically in the region of Porto, Portugal. This milestone fits into Magnevane's global strategy, which plans to open two other geographic business development hubs in the United States and Asia. To consolidate its European presence, Magnevane acquired 51% of Ruprec Internacional SA, a specialised company in precision machining with experience in the aeronautical, automotive, and pharmaceutical sectors, among others. Ruprec Internacional will constitute Magnevane's industrial base for the company's first products to be launched, and will also be working with Magnevane's R&D hub, prototyping models in the pre-industrial phase.