Magnetism
Magnetism is a class of physical phenomena that are mediated by magnetic fields. Electric currents and the magnetic moments of elementary particles give rise to a magnetic field, which acts on other currents and magnetic moments. The most familiar effects occur in ferromagnetic materials, which are strongly attracted by magnetic fields and can be magnetized to become permanent magnets, producing magnetic fields themselves. Only a few substances are ferromagnetic; the most common ones are iron, nickel and cobalt and their alloys. The prefix "" refers to iron, because permanent magnetism was first observed in lodestone, a form of natural iron ore called magnetite, FeO.
Electropermanent magnet
An electropermanent magnet is a special configuration of magnetic materials where the external magnetic field can be turned on and off by applying a current pulse. The EPM is based on a common magnetic configuration called magnetic latch (right picture). A general example of this configuration assembly is built by a permanent magnet block with two plates of soft magnetic materials (generally iron alloys) on each side of the block. Those two plates exceed the dimensions of the permanent magnet. Because the plates had a higher permeability than the air, they will concentrate the magnetic flux of the permanent magnet. When a third (external) soft magnet plate is placed touching the other two plates, the magnetic flux will flow confined in the soft magnetic plates creating a closed magnetic circuit and the magnetic field produced by the magnet will be maximum (approximately the magnet remanence).
An EPM has at least two permanent magnets in between the plates. The magnetic field generated by the EPM is produced by the permanent magnets not by electric currents and this is the main difference with the electromagnets. An EPM uses only a pulse of current to magnetize one of the magnet in a desired direction (turning on and off the external magnetic field of the latch). After changing the direction of the magnet no current is needed and the field will return to depends on the permanent magnets.