Posted 7/9/2013 09:58 am
Updated 8 months ago
NanoMech of Springdale has been recognized as an R&D 100 award winner by R&D Magazine.
TuffTek, an innovation that reduces heat resistance and improves precision for cutting tools, is the NanoMech product that led to the R&D 100 recognition. The R&D 100 is a distinction given yearly to innovative products that are deemed to be technologically significant and the award is referred to within the industry as the "Oscar of Innovation."
NanoMech describes the product as being able to increase a "tool's precision cutting performance, durability and sustainability while significantly decreasing the company’s costs to manufacture." The product is used primarily in the advanced machining of automotive and aerospace components.
"It is a win-win product for the customer, the market and the environment," Chairman and CEO Jim Phillips said.
The R&D Top 100 list was established in 1963 and products recognized over the past 51 years include: the flashcube (1965), the automated teller machine (1973), the halogen lamp (1974), the fax machine (1975), the liquid crystal display (1980), the Kodak Photo CD (1991), Taxol anticancer drug (1993), lab on a chip (1996), and HDTV (1998).
NanoMech was founded in 2002 and is a member of President Obama’s Materials Genome Initiative, the U.S. Manufacturing Competitiveness Initiative (USMCI) and the U.S. Technology Leadership and Strategy Initiative, both based in Washington, DC.