Event created to accelerate and emphasize the importance of America’s leadership in advanced materials science
FAYETTEVILLE, Ark. — (BUSINESS WIRE) — May 16, 2012 — James M. Phillips, Chairman and Chief Executive Officer and Dr. Ajay Malshe, Chief Technology Officer of Arkansas-based NanoMech, Inc. were invited to participate in the inaugural Materials Genome Initiative event held in Washington, DC on May 14, 2012.
The Materials Genome Initiative is part of President Obama’s goal to reduce by 50% the cost and time of creating new materials in such industries as Energy, Aerospace, Transportation, Body Armor, and Smart Manufacturing, and to create new industries and knowledge jobs.
NanoMech is a leading designer and manufacturer of nanoparticle coatings, additives, and coating application systems for the heavy manufacturing, defense, energy, and automotive industries. NanoMech’s products include TuffTek®, nGlide®, and nGuard®.
Dr. Cyrus Wadia, Office of Science and Technology Policy Assistant Director for Clean Energy and Materials Research and Development said, “We were delighted that NanoMech and their CEO Jim Phillips and CTO Ajay Malshe could be with us for this announcement and participate in our breakout strategy meetings."
Ten Federal agencies that participate in the National Nanotechnology Initiative unveiled a new “signature initiative” to stimulate the development of models, simulation tools, and databases that will enable the prediction of specific characteristics of nanoscale materials.
Congress established the Office of Science and Technology Policy in 1976 with a broad mandate to advise the President and others within the Executive Office of the President on the effects of science and technology on domestic and international affairs. The 1976 Act also authorizes OSTP to lead interagency efforts to develop and implement sound science and technology policies and budgets, and to work with the private sector, state and local governments, the science and higher education communities, and other nations toward this end.
About NanoMech, Inc.
NanoMech Inc., a technology company based in Fayetteville, AR, with manufacturing facilities and labs in Springdale, Arkansas, is a leading designer and manufacturer of innovative application-specific nanoparticle additives, nanoparticle-based coatings and coating deposition systems. NanoMech is bringing these technologies to the global market through its TuffTek®, nGlide®, and nGuard® products. The company was recently recognized for "Excellence in Innovation" by the U.S. Department of Commerce. NanoMech's technologies also have been recognized by the editors of R&D Magazine in their selection of the 25 best micro- and nanotechnologies of 2006, and company is a recipient of the Frost & Sullivan award for excellence in technology. NanoMech, which began operation in 2002, is becoming a world leader in nanomanufacturing innovations and product development with a strong emphasis on practical technologies scalable for efficient mass production of high performance functional products. Numerous patents and patents pending cover NanoMech's suite of nanotechnologies and nanomanufacturing processes. NanoMech's core competencies include nanoparticle-based additives and coatings, coating deposition processes and systems, and nanomaterials integrated products and analyses. Working closely with centers of excellence and universities, particularly the University of Arkansas, key industry partners and government agencies, NanoMech is already bringing products to market with very significant economic and performance advantages in metal cutting, lubrication, and anti-microbial solutions. For more information, please visit www.nanomech.biz.
Eric Barnes, 479-695-8079