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Posted: Aug 01, 2013
NanoMech Secures Three Ground-Breaking Patents
(Nanowerk News) Today NanoMech, Inc. announced the issuance of three patents that will position the company’s nGlide® Division as a world leader in the lubricant's additives and fully formulated lubricants industry, a $100 billion market that serves as the backbone to all industries that use heavy machinery including manufacturing, farming, gas and oil exploration, aerospace, racing, marine, national defense and transportation.
“We are incredibly excited about this news that has been years in the making,” said Jim Phillips, Chairman and CEO of NanoMech, Inc. “These newly patented technologies represent advancements that are greater than the leap from rotary dial phones to smart phones. The transformative nature of these developments in the industrial lubricants industry will result in the improvement in the two most important things in manufacturing – the protection and performance of machinery.”
The nGlide® portfolio of patents presents opportunities to break the barriers offered by traditional solid lubricants and organic molecules. These patents will help customers solve the most expensive and challenging issues by providing features including anti-wear, anti-friction, anti-corrosion, extreme load and extreme pressure (EP) performance.
These patented innovations allow companies to provide advanced solutions in the harshest of operating conditions including tight tolerance, extreme temperature ranges, and precision performance, working with all material surfaces.
“While the complex technology and science behind these patents has been developed for commercialization by NanoMech's world leading scientists, using advanced principles such as open architecture, macromolecular delivery and convergent assembly, it all boils down to this,” said Dr. Ajay P. Malshe, Chief Technology Office and Founder of NanoMech, “nGlide® technology is now revolutionizing the manufacturing, transportation and heavy machinery industries by creating longer lasting, higher performing lubricants, synthetic and non-synthetic greases and oils. Extending the life of the hydrocarbon (fossil fuel) supply chain leads to a more sustainable future, a cleaner environment and increased energy efficiencies."
The near frictionless environment that is created in machines that use nGlide® could possibly render traditional lubricants obsolete. For customers, this patented next generation of lubricants and coatings represents a significant economic advantage as their machinery will perform better and last longer. It has the capability to usher in a whole new generation of higher performance machines that have only been dreamed of previously.
NanoMech Inc. has exclusive rights to the patents and the company has paid technology transfer royalties to the University of Arkansas, where the fundamental science under the direction of Distinguished Professor Dr. Ajay P. Malshe led to this discovery. Arkansas Governor Mike Beebe has recognized the global importance of the work NanoMech is doing by saying “NanoMech’s products are designed to replace inefficient existing technologies in manufacturing and energy. And both of those sectors of the U.S. economy need such innovation to stay competitive globally.”
The company has also received support from the National Science Foundation, the Office of Naval Research and the Department of Energy on the development of these technologies.
Deborah Wince-Smith, CEO of the Council on Competitiveness and also a member of NanoMech’s Board of Directors, praises NanoMech for their innovative work. "In a world of turbulence, transition and transformation, nothing matters more to the competitiveness of companies and countries than innovation and manufacturing prowess. The ability to develop and deploy the most cutting-edge tools and products to bolster U.S. advanced manufacturing will deliver outsized benefits to the U.S. industrial base. NanoMech and nGlide® are at the leading edge of a resurgent U.S. manufacturing capability - one that is not dumb, dirty, dangerous and disappearing; but is smart, safe, sustainable and surging."
NanoMech Inc. was founded in 2002 and creates advanced engineering materials through patent and patent-pending nano-engineered and nano-manufactured product research and development and technology scale up. NanoMech is a pioneer in applying breakthrough innovations to robust areas of national interest including machining and manufacturing, lubrication and energy, and strategic military applications. NanoMech is a member of President Obama’s Materials Genome Initiative, the U.S. Manufacturing Competitiveness Initiative (USMCI) and the U.S. Technology Leadership and Strategy Initiative, both based in Washington, DC. For more information please visit www.NanoMech.com and www.TheNanoverse.com.
Source: NanoMech (press release)
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