October 23, 2014 1:20 PM ET

Metals and Mining

Company Overview of The NanoSteel Company, Inc.

Company Overview

The NanoSteel Company, Inc. designs, develops, and sells nanotechnology based steel alloys. It offers metallic coatings, such as weld overlay consumables, including cored wires, atomized powders, and stick electrodes; and thermal spray consumables, including cored wires and atomized powders. The company also provides formed products, such as weld overlays, including crack free hardbands, engineered tool joint hardband, and ID clad wear pipes; and thermal sprays, including LPA screens. In addition, it offers steel for automotive structures. The company’s products are used in oil and gas, marine, mining, power generation, concrete, cement, and hard chrome alternative industries in the United S...

272 West Exchange Street

Suite 300

Providence, RI 02903

United States

Founded in 2002

Phone:

401-270-3549

Fax:

401-270-9306

Key Executives for The NanoSteel Company, Inc.

Chief Executive Officer
Age: 46
Co-Founder and Chief Technology Officer
Co-Founder and Senior Vice President of Business Development
Vice President of Finance
Vice President of Operations
Compensation as of Fiscal Year 2014.

The NanoSteel Company, Inc. Key Developments

The NanoSteel Company, Inc. Announces the Expansion of its Engineered Powders Business into Additive Manufacturing

The NanoSteel Company, Inc. announced the expansion of the company's engineered powders business into additive manufacturing. By leveraging its uniform metal matrix microstructures in the laser-sintering process, the company was able to build a crack-free, fully dense bulk sample. NanoSteel's initial focus in additive manufacturing supports the market need for on-demand, on-site wear parts while addressing the current challenges in 3D printing of high-hardness parts. NanoSteel's breakthrough overcomes one of the major hurdles to achieving a high-hardness metallic part through additive manufacturing -the tendency to develop cracks during part builds. This produced a fully dense (99.9%) crack-free part with hardness values over 1,000 HV, wear resistance comparable to conventionally manufactured M2 tool steels, and a uniform microstructure.

The NanoSteel Company Grants License of Metallic Coatings Portfolio to Lincoln Electric

The NanoSteel Company and Lincoln Electric announced that NanoSteel has granted Lincoln Electric an exclusive worldwide license to the company's proprietary steel coatings technology for weld overlay and thermal spray applications. This agreement expands Lincoln Electric's range of wear resistant products, which complement the company's core arc welding, cutting and automation solutions.

The NanoSteel Company Introduces New Portfolio of Ferrous Powders for Wear Parts

The NanoSteel Company announced the introduction of a portfolio of ferrous powders designed to extend steel's capabilities in near net shape wear parts for highly abrasive environments. These new alloys feature hardnesses in excess of 1400 HV, wear resistances well below 10mm³ volume loss (ASTM G-65) and spherical morphology that results in excellent packing factors and flowability important for producing high density parts under tight dimensional control. This family of new powders enables the production of extreme hardness wear parts through a wide variety of consolidation processes including additive manufacturing without the need for subsequent heat treatment. In a recent trial of a die insert application, the NanoSteel material out-performed the tool steel AISI A11 by 6x after withstanding the significant abrasive forces imparted during the consolidation of a ceramic powder all while maintaining a mirror surface finish. The significantly longer life cycle of the die insert part increases operational efficiencies demonstrating that the company's material is ideal for applications which require higher wear resistance than current tool steels.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
December 23, 2013
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