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NanoMech

NanoMech’s global campus at 2447 Technology Way in Springdale.
Banking & Finance / Manufacturing / Real Estate

Arvest Sells NanoMech HeadquartersLock Icon

Arvest Bank of Fayetteville didn’t hold on to its NanoMech property for very long. read more >
NanoMech’s global campus at 2447 Technology Way in Springdale.
Banking & Finance / Investments / Legal

Arvest Takes Over NanoMech Property in SpringdaleLock Icon

Arvest Bank now owns bankrupt NanoMech’s 20,000-SF headquarters and production facility at 2447 Technology Way in the wake of an Oct. 20 foreclosure sale. read more >
NanoMech’s global campus at 2447 Technology Way in Springdale.
Banking & Finance / Legal / Manufacturing

NanoMech Faces $1.5M ForeclosureLock Icon

While the Chapter 11 bankruptcy of Springdale’s NanoMech Inc. concluded earlier this summer, the industrial lubricants manufacturer recently was served with a nearly $1.5 million foreclosure suit read more >
NanoMech CEO Jim Phillips, NanoMech founder Ajay Malshe and UA Chancellor David Gearhart unveil a plaque recognizing the company’s R&D 100 award in 2013.
Banking & Finance / Investments / Legal

Writing Hits Wall at NanoMechLock Icon

NanoMech Inc. attracted about $11 million in financial support from the Arkansas Economic Development Commission between 2008 and 2014. But after that mix of tax credits, grants tied to job creation, loans and direct investment, the public well dried up for the Springdale maker of industrial lubricants. read more >
Banking & Finance / Business Services / Government & Politics

NanoMech Uncovers Top Secret DealingsLock Icon

The Delaware bankruptcy of Springdale’s NanoMech Inc. has taken a bizarre cloak-and-dagger turn: Former CEO Jim Phillips, under oath in September, cited “national security” when refusing to answer questions about 46 transactions that its top financial officer knew only as the “CIA arrangement.” read more >
Dan Carroll NanoMech
Investments / Legal

NanoMech Suits ContinueLock Icon

Dan Carroll’s attempt to recoup his $1 million investment in NanoMech Inc. of Springdale will continue in Washington County Circuit Court. read more >
According to allegations of mismanagement and self-dealing against Jim Phillips, the former NanoMech CEO committed the financially struggling company to a Dallas office lease in 2015 and furnished the space with expensive furniture and extravagant artwork, some of which is now missing. Estimated cost of the lease obligation and furnishings to house two employees: Nearly $1 million.
Banking & Finance / Insurance / Legal

NanoMech Investors Pursue Claims of Self-Dealing, More

Accusations of corporate mismanagement against the former CEO of NanoMech, Jim Phillips, have intensified into allegations of self-dealing and securities fraud. read more >
Investments / Legal

NanoMech Files Plans to Sell Company

NanoMech Inc. of Springdale, which filed Chapter 11 bankruptcy protection earlier this month, has filed plans to sell the company at auction in June. read more >
NanoMech’s global campus in Springdale
Investments / Legal / Manufacturing

NanoMech Files for Chapter 11 Reorganization

The Springdale nanotechnology firm estimates both its debts and its assets as between $10 million and $50 million. Documents say the company has struggled through continual losses from operations together with slow revenue growth. read more >
Jim Phillips, chairman and CEO of Nanomech, with Saudi Prince Saud bin Khalid Al-Faisal and Gov. Mike Beebe in 2014. A $10 million investment by Saudi Aramco Energy Ventures followed in 2016.
Education / Energy / Legal

Nanomech Chief Confronted With Ouster by InvestorsLock Icon

The previous CEO of Nanomech in Springdale retired before he could be ousted, investors say. read more >
Dan Carroll NanoMech
Investments / Manufacturing

Investor Sues Nanomech Over Million-Dollar DefaultLock Icon

The financial mess created by former Nanomech CEO Jim Phillips (see Nanomech Chief Confronted With Ouster by Investors) has spawned another lawsuit. read more >
NanoMech CEO Jim Phillips, NanoMech founder Ajay Malshe and UA Chancellor David Gearhart unveil a plaque recognizing the company’s R&D 100 award in 2013.
Banking & Finance / Legal / Manufacturing

Investor Angst Boils at NanoMechLock Icon

If Jim Phillips had a New Year’s resolution to get NanoMech’s financial house in order during 2019, that aspiration didn’t survive the first day. And now a key creditor has implied it wants Phillips gone as chairman and CEO of the lubricant manufacturer. read more >
Investments / Manufacturing / Small Business

Update: New York Firm Sues NanoMech for $8.9M

Michaelson Capital Partners of New York is suing NanoMech Inc. of Springdale in the Supreme Court of New York for $8.9 million plus interest, costs and fees. read more >
Dan Carroll NanoMech
Business Services / Transportation

Dan Carroll Selected to Head NanoMech Automotive (NWA Movers & Shakers)

Dan Carroll has been appointed president of NanoMech’s Automotive & Industrial Group in Springdale. read more >
Government & Politics / Manufacturing

NanoMech Wins $235K Contract To Develop Army Uniforms

NanoMech of Springdale has been awarded a $235,000 contract from the U.S. Army to develop and evaluate next generation Army Combat Uniforms using NanoMech's nGuard, a cost-effective coating finish and additive. read more >
Bran Ferren, who has been appointed to NanoMech of Springdale's Board of Advisers and is now a significant investor in the company. 
Business Services / Energy / Investments

NanoMech Adds Bran Ferren to Board of Advisers

NanoMech of Springdale says Bran Ferren has joined its board of advisers and is a significant investor in the company. read more >
John White
Business Services / Education / Energy

NanoMech Announces New Adviser, Investor John White

NanoMech of Springdale announced on Monday that John White, who holds a Ph.D., has been appointed to its board of advisers and is now a significant investor in the company. read more >
Investments / Manufacturing

NanoMech Gets $10M for Work With Saudi Arabian Oil Company

NanoMech of Springdale announced Wednesday that it has secured $10 million in capital for leading its Series C Financing round from Saudi Aramco Energy Ventures. read more >
Manufacturing / Media & Marketing

NanoMech Expanding, Plans To Hire 30

NanoMech of Springdale is already outgrowing its new production facility as the company plans to continue to expand its manufacturing capacity. read more >
Education / Investments / Manufacturing

VIC Develops Own Startup ‘Venture Ecosystem’

A unique technology transfer model is helping a Fayetteville company incubate early-stage, high-tech startups and place them on a path to market success. read more >