Big things are happening at NanoMech Inc.
The Springdale-based nanotechnology manufacturer officially has started a national investment around directed at increasing about $5 million, and soon will announce an expansion that includes a brand new, $1.3 million building adjacent to its current facility. After this fall — the Springdale Chamber of Commerce will orchestrate a groundbreaking ceremony for the new construction — that will feature a roughly 70-30 split of corporate and mill headquarters area.
The construction is anticipated to be finished over three to five months, and will alleviate overcrowding of both workers and equipment at NanoMech’s present 8,000-SF manufacturing space. “Every inch has been consumed,” CEO Jim Phillips said during a recent excursion. Phillips also said the new facility will “be largely because of the creation of nGlide and TriboTuff.”A package of lubricants designed to decrease friction and enhance durability and functionality, nGlide contains products such as nTribo and TriboTuff. While nTribo is an additive for motor oil that later this season NanoMech hopes to start marketing TriboTuff is added to dirt.”It is almost like finding an oil area in Arkansas,” Phillips said. “This changes everything. If I choose the oil and I extend the life of it 10 decades or 100 years, I’ve just re-invented the petroleum,” adding, Ajay Malshe, NanoMech’s founder, executive vice president and chief technology officer.
“Together with the science to the good of humankind is the last game.”Immediate PlansBut it has to wait for the building of its new centre, before NanoMech can ramp up its production of its stage products. In addition to this new building, a water feature will be added to provide the 2 facilities more of a “campus” feel, Phillips explained.
Phillips and Malshe said that amount could grow to 100, although the business currently employs 25. NanoMech is anticipating increased demand for its products, and has added a night shift.”Now we could walk to AutoZone, and every lubricant there up, we could enhance,” Phillips explained. “Every single one we could improve drastically.” Phillips declined to give specific figures for the privately held firm, but said NanoMech continues to record “revenues in the millions.”
Those earnings are bolstered by the success of products a coating, such as TuffTek with software for a variety of cutting tools and wear parts. Moving with products like those in the package that is nGlide to the grease and oil industryopens a market that is considerably bigger.”That might be a $50 billion market, cutting gear. This is kind of immeasurable,” Phillips said of oil and grease.
Thus the need for the federal investment round, which is NanoMech’s second in the past 18 months. “That money went into both research and development, and production, and that’s where it’s supposed to go,” Phillips said. “The next round is going into marketing and sales — production projects and sales and marketing endeavors.”
NanoMech Inc was founded in 2002 and generates advanced engineering materials through patent and patent-pending nano-inspired and nano-manufactured merchandise development. NanoMech is a pioneer in applying breakthrough nano-engineered innovations to areas of national interest such as machining and production, lubrication and vitality, and military applications. NanoMech brings thoughts from creation to execution, commercializing nanomanufactured products .