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Home > News > Old Company Press Releases > Applied NanoMaterials News Release

Applied NanoMaterials Announces the World's First Commercial Nanotechnology-Based Solid Lubricant

New York, June 11, 2002.

Applied NanoMaterials, Inc., a provider of nanotechnology products, today announced NanoLub - the world's first commercial nanotechnology-based solid lubricant. NanoLub particles have a structure of nested spheres that lubricate by rolling like miniature ball bearings.

NanoLub is based on nanoparticles of inorganic compounds, which were discovered by the Nanomaterials Synthesis Group at Weizmann Institute of Science, Israel, headed by Professor Reshef Tenne.

"NanoLub brings a completely new dimension to the world of solid lubricants, opening new horizons in tribology - the science of friction, wear and lubrication," said Dr. Menachem Genut, President and CEO of Applied NanoMaterials. Dr. Genut was a member of the Nanomaterials Synthesis Group at the Weizmann Institute and co-discoverer of the novel nanoparticles. The Chairman of the company is Mr. Aharon Feuerstein.

NanoLub dramatically reduces friction between moving parts and minimizes wear, saves maintenance costs and greatly improves overall machine performance. In addition, it reduces energy consumption and decreases air pollution.

Applied NanoMaterials, in cooperation with the Tribology Laboratory of the Holon Academic Institute of Technology, Israel, under the supervision of Dr. Lev Rapoport, has developed a special impregnation technique that allows bearing manufacturers to apply the nanoparticles during the manufacturing process to produce self-lubricating components with very low friction coefficients.

NanoLub can be used as a solid lubricant, as an additive to oil and grease lubricants, thin filmcoating, and material for impregnating self-lubricating parts.

Typical applications of NanoLub include maintenance free systems, such as aerospace systems and medical applications, ultra-clean manufacturing environments such as semiconductor fabs and in heavy load situations like turbines in power plants, heavy equipment, machinery, and marine applications.

About Applied NanoMaterials:
Applied NanoMaterials, a private company, was incorporated in the US in 2002. The company was granted an exclusive license by Yeda Research and Development Co. Ltd, the commercial arm of the Weizmann Institute of Science, to manufacture, commercialize and sell the new nanomaterials. The shareholders of Applied NanoMaterials are Newton Technology VenturesVC Fund, Yeda Research and Development Co. LTD. (the commercial arm of the Weizmann Institute of Science), AYYT Technological Applications and Date Update LTD. (the commercial arm of Holon Academic Institute of Technology) and private investors. The company is headquartered in New York, USA, with an R&D center located next to the Weizmann Institute campus in Rehovot, Israel.

For more information, please visit the Company's website at www.apnano.com

NanoLub is a trademark of Applied NanoMaterials, Inc.

Contact

David Kanaan
Kanaan Public Relations
Phone +972-3-6120606
e-mail david@kanaan.co.il

Reprinted with premission. Copyright Applied NanoMaterials, Inc..

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