Magnetically latched reversing valve

A magnetically latched reversing valve, the reversing valve comprising:

• a valve body including an input port for fluid communication with a compressor and a plurality of output ports for fluid communication with first and second heat exchangers;
• a valve spool slidably disposed within the valve body for coupling the input port to selective ones of the plurality of output ports;
• a flux ring coupled to the valve spool and moveable in fixed relation with the valve spool, the flux ring being formed of a ferromagnetic material;
• and
• a stator assembly comprising:
• a solenoid coil wound about a bobbin defining an inner diameter, the solenoid coil configured to allow an electrical current to pass therethrough,
• a radially-magnetized permanent magnet adjacent the inner diameter of the bobbin, the radially-magnetized permanent magnet being centered in relation to the bobbin,
• wherein the flux ring is movable between a first position and a second position in response to a direction of an electrical current in the solenoid coil, and wherein the flux ring is latchable in the first position by the radially-magnetized permanent magnet and is latchable in the second position by the radially-magnetized permanent magnet.