A system of ferromagnetic beta phase Ni-Co-Al alloys with an ordered B2 str
ucture that exhibits the shape memory effect has been developed. The alloys
of this system within the composition range Ni (30-45 at. %) Co-(27-32 at.
%) Al, undergo a paramagnetic/ferromagnetic transition as well as a thermo
elastic martensitic transformation from the beta to the beta (')(L1(0)) pha
se. The Curie and the martensitic start temperatures in the beta phase can
be controlled independently to fall within the range of 120-420 K. The spec
imens from some of the alloys undergoing martensitic transformation from fe
rromagnetic beta phase to ferromagnetic beta' phase are accompanied by the
shape memory effect. These ferromagnetic shape memory alloys hold great pro
mise as new smart materials. (C) 2001 American Institute of Physics.