Tag Archives: Ajay P. Malshe

NanoMech get $10M investment from Saudi company

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This news comes from the US state of Arkansas (not often featured here). The company, NanoMech, seems to be focused on lubricants and coatings according to an April 13, 2013 news release on Business Wire,

NanoMech announced today that it has secured $10 million in capital for leading its Series C Financing round from Saudi Aramco Energy Ventures (SAEV), the corporate venturing subsidiary of Saudi Arabia’s national oil company. This capital infusion and relationship will significantly accelerate NanoMech’s manufacturing, sales and product development. NanoMech uses nanotechnology to develop advanced products for industrial and mechanical applications – such as lubricants, coatings and specialty chemicals. These products have enabled a step change in performance, efficiency and reliability in multiple industries such as energy, transportation, aerospace, manufacturing, automotive, agricultural equipment and military.

An April 11, 2013 NanoMech news release, which originated the item on Business Wire, provides a few more details and some quotes,

“NanoMech is honored to achieve this recognition and investment by the world’s largest energy company,” said NanoMech Chairman and CEO Jim Phillips. “Building on current momentum, NanoMech will use this financing and relationship to expand our global reach, invest in additional sales and marketing resources. We will also increase investment in our market-leading nanotechnology platforms, nGlide, GuardX, TuffTek, and nGuard.”

This capital infusion and relationship will significantly improve NanoMech’s manufacturing, sales and product development. Today’s announcement represents NanoMech’s most significant milestone in the continued validation and authentication of its unique technology.

“Response to NanoMech’s technology at Saudi Aramco and several of our major suppliers has been very positive,” said Cory Steffek, Managing Director, North America for SAEV. “A platform technology like NanoMech’s has significant potential to bring innovation, not only to the energy sector, but also to many other critical industries.”

…

NanoMech has validated and commercialized its innovations to iconic world-leading businesses and has completed an upgrade of its smart factory and labs. Several Fortune 100 and emerging companies have incorporated NanoMech’s nano-engineered solutions to create high-performance products.

“After more than a decade of extensive research and development, and recent large-scale commercialization successes,” said Dr. Ajay P. Malshe, CTO and Founder of NanoMech. “Our industry is leading disruptive nanoscience and is light years ahead of the competition. We are transforming entire industries.

The big talk is rooted not just in hype but also in a major US government push to commercialize nanotechnology research, which has received billions of dollars in government funding (from the NanoMech news release),

“Aramco’s strategic investment in NanoMech will transform the productivity paradigm for sustainable global energy production,” said Deborah Wince-Smith, CEO of the U.S. Council on Competitiveness and NanoMech board member. “It will accelerate NanoMech’s position as the global leader in advanced nanotechnology.”

May 20, 2015 free webinar for small- to medium-size nantoechnology businesses

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The May 20, 2015 webinar is the second in a series being offered through the auspices of the US National Nanotechnology Coordination Office (NNCO). Here’s more from the NNCO May ?, 2015 announcement (h/t May 7, 2015 Nanowerk news item),

The National Nanotechnology Coordination Office (NNCO) will hold the second in a series of free webinars focusing on the experiences, successes, and challenges for small- and medium-sized nanotechnology businesses and on issues of interest to the nanotechnology business community on Wednesday May 20, 2015 from 2-3pm EDT.

Who/Speakers:
Speakers at the event will include:

  • Dr. Ajay P. Malshe, Founder, Executive Vice President, and CTO of NanoMech.  NanoMech has developed patented platform nanotechnology innovations in machining and manufacturing, lubrication and energy, adaptive chemistries for advanced textile coatings, metal surface coatings, biomedical implant coatings, and strategic military applications.
  • Dr. Matthew Putnam, CEO of Nanotronics Imaging. Nanotronics Imaging uses a convergence in computational processing, automation, and artificial intelligence algorithms to image and analyze materials at the nanoscale for development of new semiconconductors, medical devices, regenerative organs, and photovoltaics.

Who/Viewers:   Members of the small- and medium-sized nanotechnology business community, as well as interested members of the general public, media, academia, industry, NGOs, and Federal, state, and local governments are encouraged to participate.

Why:  To engage in a dialogue about topics of interest to the small- and medium-sized nanotechnology business community through a free, online format. These webinars will inform topics for subsequent webinars for the SME community over the course of the year.

How:  Invited speakers will begin the event by providing an overview of their experiences, successes, and challenges in the nanotechnology SME space. This will be followed by a Q&A segment with members of the public. Questions for the panel can be submitted to webinar@nnco.nano.gov from now through the end of the webinar at 3pm on May 20, 2015.

Registration:  This webinar is free and open to the public with registration on a first-come, first-served basis. Click here to register now. Registration will be capped at 200 people. For those unable to watch the event live, the webcast, including closed captioning, will be posted on Nano.gov following the event.

Contact Us:
Direct Link: Nano.gov/SMEwebinars2015
Twitter: #SMEwebinars2015
Email: webinar​@nnco.nano.gov

For the curious, there are a few more details in my Jan. 7, 2015 posting announcing the first in the series.