Home > Press > NanoMech Receives Department of Energy Grant to Expand Nanolubricant Production
Abstract:
Funds will prepare the way for large-scale manufacture of environmentally friendly lubricant
The Office of Science in the Department of Energy (DOE) has awarded NanoMech, LLC a grant for $150,000 to demonstrate the viability of large-scale manufacturing of NanoGlide®. NanoGlide is a platform technology lubricant with unique properties that significantly reduces friction and mechanical component wear in extreme pressure conditions in applications ranging from earth movers to helicopters and automobiles. Created from nanoparticle research at the University of Arkansas under the direction of NanoMech CTO and UA professor Dr. Ajay P. Malshe, NanoMech has an exclusive license to commercialize this patent-pending technology.
Friction is one of the major reasons for failure of vital engineering components and systems used in aerospace, military, and industrial applications. The annual cost of friction and wear-related energy and material losses is estimated to be over $700 billion - 5% to 7% of the United State's $14 trillion gross national product.
"NanoMech has proven its NanoGlide product can reduce friction and wear in key applications thereby improving productivity and reducing cost," said Neil Canter, a lubricant industry expert and a Contributing Editor to the industry's widely-read Tribology and Lubrication Technology magazine. "This contract will enable NanoMech to develop the capability to produce NanoGlide in commercial quantities."
"This grant, along with the recently announced contract with the Office of Naval Research, will allow NanoMech to accelerate the commercialization and market acceptance of this disruptive material. In addition to the jobs created from this scale-up activity, we are excited to be expanding Arkansas' first nanomanufacturing facility with such a significant new product," said Keith Blakely, NanoMech's Chief Executive Officer.
When scale-up is completed, NanoMech will be able to produce these advanced lubricants and related products in a variety of forms such as an additive for oils or greases, a paste, or an aerosol spray.
Added Jim Phillips, NanoMech's Chairman, "NanoMech continues to gain nationwide recognition for applying breakthrough technology to solving major real world problems. The grant from the Department of Energy is the latest example of NanoMech's unique ability to address important issues with national energy and environmental implications."
The grant is part of a Phase I Small Business Innovation Research (SBIR) award funded by the American Recovery and Reinvestment Act of 2009. If this project is successful, it could lead to a Phase II grant of up to $1 million.
####
About NanoMech
NanoMech, a technology company based in Springdale, Ark., is a designer and manufacturer of innovative application-specific nanoparticle additives, nanoparticle-based coatings and coating deposition systems. The company was recently recognized for “Excellence in Innovation” by the U.S. Department of Commerce.
CEO Keith Blakely will be a keynote speaker at the Nano Renewable Energy Summit in Denver, Colorado on May 24, 2010.
For more information, please click here
Contacts:
Bob Fink
479-582-2521
John Riggins
501-765-4999
Copyright © NanoMech
If you have a comment, please Contact us.Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.
Related News Press |
News and information
Researchers develop artificial building blocks of life March 8th, 2024
Announcements
What heat can tell us about battery chemistry: using the Peltier effect to study lithium-ion cells March 8th, 2024
Nanoscale CL thermometry with lanthanide-doped heavy-metal oxide in TEM March 8th, 2024
Patents/IP/Tech Transfer/Licensing
Getting drugs across the blood-brain barrier using nanoparticles March 3rd, 2023
Metasurfaces control polarized light at will: New research unlocks the hidden potential of metasurfaces August 13th, 2021
Arrowhead Pharmaceuticals Announces Closing of Agreement with Takeda November 27th, 2020
Automotive/Transportation
Researchers’ approach may protect quantum computers from attacks March 8th, 2024
Tests find no free-standing nanotubes released from tire tread wear September 8th, 2023
Grants/Sponsored Research/Awards/Scholarships/Gifts/Contests/Honors/Records
'Sudden death' of quantum fluctuations defies current theories of superconductivity: Study challenges the conventional wisdom of superconducting quantum transitions January 12th, 2024
The latest news from around the world, FREE | ||
Premium Products | ||
Only the news you want to read!
Learn More |
||
Full-service, expert consulting
Learn More |
||