1. IntroductionWelcome to Magnetech. We are committed to protecting your privacy and personal information. This Privacy Policy explains how we collect, use, disclose, and safeguard your information when you visit our website and use our platform.
Please read this privacy policy carefully. If you do not agree with the terms of this privacy policy, please do not access the site.
2. Information We Collect2.1 Personal Information
We may collect personal information that you voluntarily provide to us when you:
• Register on our platform
• Create or modify your profile
• Add products or services to the platform
• Request information or contact support
• Subscribe to our newsletter
• Participate in promotions or surveys
The personal information we may collect includes:
• Name and contact details (email address, phone number)
• Company information and professional details
• Profile images and biographical information
• Payment information (for premium subscriptions)
• Communications with us and other users
2.2 Technical Information
We automatically collect certain information when you visit, use, or navigate our platform. This information does not reveal your specific identity but may include:
• Device and browser information
• IP address
• Operating system
• Referring website
• Time and date of site visits
• Pages that you visit
3. How We Use Your InformationWe use your information for the following purposes:
• To provide and maintain our platform, including creating and managing your account
• To match innovators with businesses based on respective needs and offerings
• To improve our services through analysis of usage patterns
• To communicate with you about updates, security alerts, and support
• To respond to your inquiries and provide customer service
• To process payments for premium subscriptions
• To enforce our terms, conditions, and policies
• To protect our services against fraudulent, unauthorized, or illegal activity
4. Geographic Restrictions and Sanctions ComplianceMagnetech does not provide services to companies, entities, or individuals from countries subject to comprehensive sanctions or legal bans. This includes, but is not limited to, certain regions that may be subject to international sanctions.
If your country's status changes and becomes subject to
applicable sanctions during your use of our platform, we
reserve the right to immediately terminate your account and
access to our services without prior notification.
It is your responsibility to ensure compliance with all applicable laws regarding sanctions and trade restrictions in your jurisdiction.
5. Prohibited Content and ActivitiesMagnetech prohibits the listing, promotion, or facilitation of products and services related to:
• Military applications and defense technologies
• Weapons and equipment designed for violence
• Drugs, controlled substances, and related paraphernalia
• Any items with "dual-use" potential that may be
employed for military applications or prohibited activities
• Any other products or services that violate applicable laws or regulations
We reserve the right to terminate accounts and remove content that violates these restrictions. Magnetech maintains sole discretion in determining what constitutes prohibited content.
6. Legal Requests and DisclosureIf we receive a court order, subpoena, or other legal request for information, we may disclose your information to the requesting legal authority. However, we will only disclose information that we are legally required to share and will attempt to limit disclosure to only what is necessary.
Please note that we do not collect or maintain information beyond what you voluntarily provide on our platform, your IP address, and basic login information. We cannot provide information that we do not collect or maintain.
7. Limitation of Liability for TransactionsMagnetech serves solely as a platform to connect innovators and businesses. We are not:
• A party to any transactions or agreements between users
• Responsible for verifying claims made by either party
• Liable for any disputes, losses, or damages arising from interactions between users
• Involved in financial transactions between parties after initial connection
• Responsible for validating or guaranteeing product quality, efficacy, or legality
All financial transactions, negotiations, and contractual arrangements occur directly between users outside of our platform. Users are solely responsible for conducting due diligence before entering into any agreements.
8. Analytics and CookiesWe use Google Analytics and Hotjar to help us understand how our users interact with the platform.
8.1 Google Analytics
Google Analytics uses cookies to collect information about your use of our platform. The information generated by these cookies about your use of our website is transmitted to and stored by Google on servers in the United States. Google will use this information to evaluate your use of our platform, compile reports on website activity, and provide other services relating to website activity and internet usage.
8.2 Hotjar
We use Hotjar to better understand our users' needs and to
optimize this service and experience. Hotjar uses cookies
and other technologies to collect data on our users'
behavior and their devices. This includes a device's IP
address, device screen size, device type, browser
information, geographic location, and the preferred language
used to display our website.
You can learn more about Hotjar's privacy practices at
https://www.hotjar.com/legal/policies/privacy
9. Google Drive IntegrationFor users who choose to utilize our Google Drive integration feature:
• We only access files that you explicitly select to share
• We do not request or maintain access to your entire Google Drive
• We do not store your Google credentials
• We use this integration solely to facilitate the upload of product documentation and materials to our platform
10. Data RetentionWe will retain your personal information for as long as necessary to fulfill the purposes outlined in this privacy policy, unless a longer retention period is required or permitted by law.
If you request deletion of your account, your data will be retained for a period of 30 days before being permanently deleted from our systems.
11. Data SecurityWe have implemented appropriate technical and organizational security measures designed to protect the security of any personal information we process. Our platform uses SSL encryption for all data transmission, and we host our infrastructure on Amazon Web Services (AWS) with restricted port access and secure connection protocols.
However, despite our safeguards and efforts, no electronic transmission over the internet or information storage technology can be guaranteed to be 100% secure.
12. International Data TransfersYour information may be transferred to, and maintained on, computers located outside of your state, province, country, or other governmental jurisdiction where the data protection laws may differ.
13. Your Privacy RightsDepending on your location, you may have certain rights regarding your personal information, including:
• Right to access your personal information
• Right to request correction of your personal information
• Right to request deletion of your personal information
• Right to object to processing of your personal information
• Right to data portability
To exercise these rights, please contact us at Info@magnetech.ai 14. Children's PrivacyOur platform is not intended for individuals under the age of 18. We do not knowingly collect personal information from children under 18. If we learn we have collected or received personal information from a child under 18, we will delete that information.
15. Third-Party WebsitesOur platform may contain links to third-party websites. We have no control over and assume no responsibility for the content, privacy policies, or practices of any third-party sites or services.
16. Updates to This PolicyWe may update this privacy policy from time to time. The
updated version will be indicated by an updated "5 May 2025"
date.
When we make significant changes to this policy, we will notify users via email or through a notice on our platform. After notification, if you continue to use our services for 30 days without deleting your account, you are deemed to have accepted the updated terms. If you disagree with the new terms, you should delete your account within this 30-day period.
Please note that after you delete your account, previous versions of the privacy policy will no longer apply to your data, and any data retention will be governed by the most current version of this policy.
We encourage you to review this privacy policy frequently to be informed of how we are protecting your information.
Contact UsIf you have questions or comments about this policy, you may contact us at:
Email: Info@magnetech.ai