NanoSteel Wins R&D 100 Award for Breakthrough Steel Designs Providing High Strength and Ductility
• The company’s 5th R&D 100 award for patented family of nano-structured steels
• New class of steels is the first with ability to form nano-structured microstructures for making industrial scale components
PROVIDENCE, R.I. (Thursday, July 12, 2012) - The NanoSteel® Company, a leader in nano-structured steel materials design, today announced it has been awarded its fifth R&D 100 Award, by R&D Magazine, for the development of a new class of nano-structured powder metal alloys designed for making large scale industrial components.
NanoSteel’s patented designs are the company’s first commercially available materials based on its recent breakthroughs in high-strength steels with exceptional combinations of strength and ductility.
This new class of steels features nano-scale microstructures which can be used in hot isostatic pressing, known as “HIPing,” to form components. These nano-scale structures result in a powerful combination of high tensile strength and elongation properties with high corrosion and/or wear resistance.
“Previous strategies to alter the mechanical properties of steel to form near net shape components with nano-scale microstructures have been severely limited by size and total thickness,” said Daniel Branagan, Ph.D., CTO and founder of NanoSteel. “The proprietary chemistries and new mechanisms at the core of our recent breakthroughs have allowed us to successfully engineer steel so that components weighing up to several thousand pounds can be formed with nano-scale microstructures and produced in volume on a large industrial scale.”
Parts formed with NanoSteel’s powder metallurgy can increase dependability in highly stressed and operationally critical applications in industries such as power generation and oil & gas.
Widely known as the "Oscars of Innovation," the annual R&D 100 Awards, which celebrates its 50th year in 2012, recognizes the top most technologically significant products introduced into the marketplace over the past year.
About NanoSteel
NanoSteel is the world leader in proprietary nano-structured steel material designs. Over its ten-year history, NanoSteel has created progressive generations of iron-based alloys from surface coatings to monolithic steel. For the oil & gas, mining and power industries, NanoSteel has successfully introduced commercial applications of metallic coatings to prolong service lifetime in the most extreme industrial environments. For the automotive industry, NanoSteel has achieved a significant breakthrough in the development of nano-structured sheet steel with exceptional strength and ductility. NanoSteel is a privately held company funded by lead shareholders EnerTech and Fairhaven Capital. For more information, visit www.nanosteelco.com or follow us on Twitter @NanoSteelCo.
Greg Nixon, Marketing & Communications Manager
Phone (407) 616-5167, gnixon@NanoSteelco.com, www.NanoSteelco.com
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