NanoMech Inc., is a privately held company that was formed in 2002 by the company’s Chief Technology Officer Dr. Ajay Malshe. Upon receiving its first external funding in January 2003, NanoMech began working to develop nanomanufactured products based on a coating technology pioneered by Dr. Malshe and exclusively licensed from the University of Arkansas. From 2003 until 2008, NanoMech developed various applications of the NanoSpray technology under government and industrial sponsorship.
In 2008, Mr. James M. Phillips joined as Chairman, assembled a Board of Directors, and led an investment round to bring to market the multiple award winning TuffTek® NanoSpray coatings to deposit ultrahard particles onto surfaces as a means to create the world’s most superior coating for cutting tools used in manufacturing worldwide.
In May 2009, NanoMech had a ribbon cutting ceremony led by Governor Beebe featuring numerous regional dignitaries for its new custom-designed 9000 sq. ft. nano-manufacturing facility built in Springdale, Arkansas.
NanoMech has designed and developed several product platforms to compete in significant markets through the leveraging of its proprietary technologies and innovation skills and the strategic manufacture of nano-enabled products. Each of the technology platforms are also used to design and develop additional products as the market need for such solutions is identified. By continually expanding the use of each platform, the Company achieves both technical and economic advantages in several important outcomes including:
The first two products which are entering the commercial stage following the successful launch of Tufftek® are nGlide® and nGuard®.
NanoMech’s technology and products have recently received top innovation awards from R&D Magazine, Frost & Sullivan and the U.S. Department of Commerce.
The Company was converted to a Delaware C corporation in May of 2010.
NanoMech has recently added 8000 sq. ft. of research and development facilities in the Arkansas Research and Technology Park in Fayetteville, Arkansas.
In 2011, the Company was chosen by Arkansas’ largest business publication for the award “Number One Company to Watch.”
U.S. Treasury Secretary, Timothy Geithner made a special trip to meet with NanoMech management and tour NanoMech manufacturing facilities and laboratories.
Dr. Arun Majumdar, Director of ARPA-E and Deputy Secretary of Energy traveled to visit Nanomech and explore Nanomech’s transformative nanotechnologies of importance to the U.S. Department of Energy.
In 2012, Jim Phillips and Dr. Ajay Malshe were selected by the NanoBusiness Commercialization Association to the Most Influential Nanotechnology Leaders List.