NanoBusiness Commercialization Association Award

FAYETTEVILLE, Ark. (January 10, 2012) NanoMech, a leader in nanotechnology nanomanufacturing innovation, is pleased to announce that The NanoBusiness Commercialization Association (NanoBCA) has honored two of its leaders, Jim Phillips, Chairman, president and CEO, and Dr. Ajay Malshe, chief technology officer, on its Most Influential Nanotechnology Leaders List of 2011.

“We are so proud of this recognition,” stated Jim Phillips, Chairman, president and CEO. “This national recognition is a tremendous development for us and our company, as we are included on a list of honorees that include some of the best scientific minds and business leaders in the nation. It is both inspiring and humbling to appear on this list of nanotechnology leaders who are creating a more competitive and innovative nation.”

Phillips and Malshe join an esteemed national list that includes Dr. Sally Tinkle, Deputy Director, National Nanotechnology Coordination Office of the National Science and Technology Council; Lloyd Whitman, PhD, Deputy Director, Center for Nanoscale Science & Technology; Dr. Mihail C. Roco, Senior Advisor for Nanotechnology, National Science Foundation; and Peter Hebert, Co-founder and Managing Partner, Lux Capital.

NanoBCA is the industry’s top trade organization dedicated to promoting the commercialization of nanotechnology while helping companies bring affordable, life-improving nanotech products to the market. Each year NanoBCA develops a list of the top 25 most influential leaders in nanotechnology in America. “The common thread amongst the honored individuals is that they are all nanotechnology evangelists. Kudos to these leaders for their contributions to our nanotechnology community,” says Vincent Caprio, executive director of NanoBCA.

Mr. Caprio added, “Mr. Phillips keynoted our annual meeting this fall, and the membership and audience were especially appreciative of his ability to articulate how the nanoscale material science revolution is very similar in scope and importance in terms of innovation and transformation as was the digital revolution of the 20th century.”

“Nano-technology is the next revolution in innovation, that will usher in manufacturing advancements and sustainable energy efficiencies creating spectacular new products and healthcare that will shape the 21st century,” says Ajay Malshe, founder, executive vice president and chief technology officer.

In June of 2011, Nanomech announced the creation of nGlide, a lubrication additive that tremendously improves the efficiency and performance of machines and engines while decreasing America’s dependency on foreign oil. Real-world commercial and technology success of innovations made this year by Nanomech’s nGlide and TuffTek divisions helped secure the positions on the list.

Nanomech has created a pipeline of innovative product lines, such as Tufftek, Element X, and nGuard to position the company as a multi-platform leader in the nanotechnology innovation and commercialization fields.