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NanoMech Applauded by Frost & Sullivan for Developing a Proprietary Nanotechnology-Based Platform to Produce High-Performance Coatings and Lubricants

SANTA CLARA, Calif. — XXX — Based on its recent analysis of the North American nanocoatings market, Frost & Sullivan recognizes NanoMech, Inc. with the 2018 North American Technology Innovation Award for employing a proprietary technology platform to create high-strength polymers reinforced with functionalized nanoparticles. The company’s advanced materials produce uniform and aesthetically appealing coating solutions, which are encapsulated in oil and emulsifiers to deliver stable, anti-friction applications. In addition, the nanoparticles can be embedded into polymers to enable next- generation functionalities, such as anti-microbial activity.

“NanoMech’s nanotechnology-based coatings deliver better output by building a more robust surface. The coatings form a protecting film with greater coverage on contacting surfaces for application in high- pressure conditions with boundary lubrication. In addition, the coatings reduce wear by inducing asperities and polishing contacting surfaces,” said Prajwal Sanil, Industry Analyst at Frost & Sullivan. “The platform can develop multi-component chemistries at the sub-micron scale, thus ensuring high surface-to-volume ratios, pristine material properties, novel material behavior, and greater packing density.”

James M. Phillips, Chairman and CEO of NanoMech stated “On behalf the NanoMech team, we are very proud to have received this outstanding recognition from one of the World’s most prestigious think tanks driven by expert analysts globally on what is the best in innovative commercialized breakthroughs disrupting the largest markets while improving the quality of life and advancement of business and technology.”

NanoMech’s disruptive technology valorizes chemistries, including organic, inorganic, solids, and liquids, which are molded into nanoscale, industrially applicable materials to create an open architecture that can pack multi-functional chemistries. This breakthrough platform is revolutionizing the machinery and equipment coatings industry by enhancing equipment reliability or machinery performance efficiency by 200 to 1,000%. Furthermore, NanoMech’s platform has a significant business impact on other industries, such as oil and gas, trucking, automotive, and manufacturing.

In addition to its nanotechnology platform, NanoMech has produced a unique portfolio of proprietary coatings and lubrication solutions, such as AtomLube® and AtomOilTM, which are used to increase the performance and safety of all vehicles. As a key advantage, these products are self-replenishing and boost energy efficiency by drastically improving system performance. Another important product from NanoMech is nGlide®, a nano-engineered, multi-component, and multi-functional lubricant additive technology that facilitates immediate performance improvements of up to 300% or higher in machining industries, automobiles, pumps, power generation, and turbines.

“Every industry requires a solution that increases its product’s lifecycle and efficiency, as well as synchronizes with diverse machines and equipment. NanoMech has ably addressed this need, and its multi-solution applicability remains unmatched by most solutions in the market,” noted Prajwal. “NanoMech is the first nano-manufacturing company to receive ISO 9001:2015 certification, and such top-class quality management is critical in an emerging field. Overall, by facilitating the development of products that are highly customizable, NanoMech’s technology platform meets the various demands of clients concerning particular friction requirements, film thickness, and temperature suitability.”

Each year, Frost & Sullivan presents this award to the company that has developed a product with innovative features and functionality that is gaining rapid acceptance in the market. The award recognizes the solution’s quality and the customer value enhancements it enables.

Frost & Sullivan Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research to identify best practices in the industry.

About NanoMech, Inc.

NanoMech is a leading surface engineering and material science company involved in developing and manufacturing lubricants, specialty chemicals, pastes, paints, coatings, and advanced textiles. Started as a spin-off from the University of Arkansas in 2002, Nanomech has built its technical competencies over the years in nanotechnology-based coatings, which are protected by approximately 2,500 patents and claims. With a special focus on expanding the possibilities in surface functionalization and protection, NanoMech delivers innovative nano-engineered solutions to Fortune 500 and emerging companies from automotive, transportation, aerospace, trucking, retail, energy manufacturing, exploration service providers, marine manufacturers, and military establishments.

Contact: Laura Weiderhaft
P: 479.725.8006
E: laura.weiderhaft@nanomech.com

Read the full report here:

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, collaborates with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants. For more than 50 years, Frost & Sullivan has been developing growth strategies for the global 1000, emerging businesses, the public sector, and the investment community. Contact us: Start the discussion.

Contact:

Bianca Torres
P: 210.477.8418
F: 210.348.1003
E: Bianca.torres@frost.com

NanoMech Announces the Honorable Deborah Wince-Smith, President and CEO of the Council on Competitiveness, as New Board Member

 

SPRINGDALE, Ark. – NanoMech Corp. announced today that the Honorable Deborah Wince-Smith has been appointed to the company’s board of directors.

“Ms. Wince-Smith has impeccable business credentials that have been established on the international stage.  Her experience working with some of the world’s leading innovators is invaluable to NanoMech.  We are delighted she has agreed to join our board of directors,” said NanoMech President and CEO Jim Phillips.

Ms. Wince-Smith currently serves as the President and CEO of the Council on Competitiveness.  Founded in 1986, this unique coalition of business, labor and academia leaders collectively work to put forth actionable public policy solutions to make America more competitive in the global marketplace.

Under her leadership, the Council on Competitiveness has launched the U.S. Manufacturing Initiative with the stated goal being to deliver to the Administration and the Congress a realistic and comprehensive solutions roadmap—with the advice, participation, and buy-in from a wide range of stakeholders—that will energize a vibrant, diversified, and technologically advanced manufacturing value chain, resulting in American jobs, economic growth, and energy and national security.

“Ms. Wince-Smith and her team at the Council on Competitiveness work daily to find innovative solutions to some of the world’s most complex problems.  NanoMech is doing the same thing every day and we could not be happier to have a like-minded problem solver on our board, “ said Phillips.

“I am honored to join the NanoMech board of directors.  The work they are doing has the potential to revolutionize the global economy in ways some have only dreamed.  From transforming manufacturing with the most advanced cutting tool and wear part coatings, to dramatically increasing energy efficiencies and performance in machine and vehicle lubrication while preserving natural resources, NanoMech is on the cutting edge of innovation for making America more competitive,” Wince-Smith said.

She served as Assistant Secretary of Commerce for Technology Policy in the administration of President George H.W. Bush, and developed President Reagan’s Competitiveness Initiative.

Since 2009, Ms. Wince-Smith has been the president of the Global Federation of Competitiveness Councils (GFCC), whose creation she led with leaders and stakeholders from over 30 Competitiveness Councils from around the world.  The GFCC is the first global network devoted exclusively to the exchange of knowledge and practice related to competitiveness policies and strategies; and, the first global, public-private mechanism to promote global economic growth through collaboration in innovation.

Ms. Wince-Smith serves as a director of several publicly and privately held companies, leading national and international organizations, as well as U.S. government advisory committees.  As a member of the Board of NASDAQ OMX, she has served on the Audit, Compensation and Finance Committees.  Ms. Wince-Smith also serves as a Board Member of start-up technology companies specializing in hi-definition displays, consumer electronics and medical devices.  She also serves on the board of the American Telemedicine Association, Lincoln Center Institute’s Imagination Conversation. Ms. Wince-Smith is actively involved and serves on the non-profit, charitable boards of the U.S. Naval Academy Foundation and the Smithsonian National Board.

Ms. Wince-Smith developed President Reagan’s 1988 Competitiveness Initiative, and led the implementation of executive orders and new laws that transformed federal technology transfer policy for U.S. industries, national laboratories and universities.  Following her government tenure, Ms. Wince-Smith became active in governance of various national scientific laboratories and provided strategic counsel to several FORTUNE 100 companies.

Ms. Wince-Smith, a valedictorian from Old Trail School in Akron, Ohio, graduated magna cum laude from Vassar College with a Bachelor of Arts degree.  She was one of the first female students to enter King’s College at the University of Cambridge, where she read for a Master’s degree in Classical Archaeology.  In 2006, she received an Honorary Doctorate in Humanities from Michigan State University.

About NanoMech:

NanoMech Inc., (www.NanoMech.com), was founded in 2002 and creates advanced engineering materials through patent and patent-pending nano-inspired and nano-manufactured product development.  NanoMech is a pioneer in applying breakthrough nano-engineered innovations to robust areas of national interest including machining and manufacturing, lubrication and energy, and strategic military applications.  NanoMech brings ideas from innovation to implementation, commercializing nanomanufactured products at record speed in the market.  NanoMech is a member of President Obama’s Materials Genome Initiative, a public / private collaboration with the aim of doubling the speed and reducing the cost of discovering, developing, and deploying new advanced materials. NanoMech is also a member of the U.S. Manufacturing Competitiveness Initiative (USMCI) and the U.S. Technology Leadership and Strategy Initiative, (www.Compete.org) both based in Washington, DC.

For more about NanoMech: www.NanoMech.com

For more information about the Council on Competitiveness: www.compete.org

Read more at: www.istockanalyst.com/business/news/6116878/nanomech-announces-the-honorable-deborah-wince-smith-president-and-ceo-of-the-council-on-competitiveness-as-their-new-board-member

Springdale Manufacturer Wants Nano on Big Stage

From right: Dr. Ajay Malshe, Chief Technology Officer, and Jim Phillips, CEO, of NanoMech Inc. inside the new TriboTuff ® production facility. 
 

First published Oct. 29, 2012, in the Northwest Arkansas Business Journal 

By Rob Keys

 

 

Big things are happening at NanoMech Inc.

The Springdale-based nanotechnology manufacturer officially has opened a national investment round aimed at raising about $5 million, and soon will announce an expansion that includes a new, $1.3 million building adjacent to its existing facility. The Springdale Chamber of Commerce will orchestrate a groundbreaking ceremony for the new 11,000-SF building — which will feature a roughly 70-30 split of factory and corporate headquarters space — later this fall.

The building is expected to be completed within three to five months, and will alleviate overcrowding of both employees and equipment at NanoMech’s current 8,000-SF manufacturing space.

“Every inch has been taken up,” CEO Jim Phillips said during a recent tour.

Phillips also said the new facility will “be principally for the production of nGlide and TriboTuff.”

A suite of additive lubricants designed to reduce friction and enhance durability and performance, nGlide includes products such as TriboTuff and nTribo. TriboTuff is added to grease, while nTribo is an additive for motor oil that NanoMech expects to begin marketing later this year.

“It’s almost like discovering an oil field in Arkansas,” Phillips said. “This changes everything.”

“If I take the oil and I extend the life of it 10 years or 100 years, I’ve just re-invented the oil,” added Ajay Malshe, NanoMech’s founder, executive vice president and chief technology officer.

“Using the science for the good of humankind is the end game.”

Immediate Plans

Before NanoMech can ramp up its production of its nGlide platform products, however, it must wait for the construction of its new facility. In addition to the new building, a water feature will be added to give the two facilities more of a “campus” feel, Phillips said.

The company currently employs 25, but both Phillips and Malshe said that number could grow to 100 in 2013. NanoMech already has added a night shift, and is expecting increased demand for its newer products like TriboTuff and nTribo.

“Today we could walk into AutoZone, and every lubricant up there, we can improve,” Phillips said. “Every single one we can improve drastically.”

Phillips declined to give specific figures for the privately held company, but said NanoMech continues to record “revenues in the millions.”

Those revenues have been bolstered by the success of products such as TuffTek, a coating with applications for a variety of cutting tools and wear parts. Moving into the oil and grease industry with products like those in the nGlide suite, though, opens a significantly larger market.

“That might be a $50 billion market, cutting tools. This is kind of immeasurable,” Phillips said of oil and grease.

Thus the need for the national investment round, which will be NanoMech’s second in the past 18 months.

“That money went into both research and development, and production, and that’s where it’s supposed to go,” Phillips said. “The next round is going into sales and marketing — production jobs and sales and marketing jobs.”

 

About NanoMech:

NanoMech Inc., (www.NanoMech.com), was founded in 2002 and creates advanced engineering materials through patent and patent-pending nano-inspired and nano-manufactured product development.  NanoMech is a pioneer in applying breakthrough nano-engineered innovations to robust areas of national interest including machining and manufacturing, lubrication and energy, and strategic military applications. NanoMech brings ideas from innovation to implementation, commercializing nanomanufactured products at record speed in the market.

 

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