NanoMech
Arvest Sells NanoMech Headquarters
Arvest Bank of Fayetteville didn’t hold on to its NanoMech property for very long. read more >
Arvest Takes Over NanoMech Property in Springdale
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 Faces $1.5M Foreclosure
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 >
Writing Hits Wall at NanoMech
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 >
by George Waldon -
NanoMech Uncovers Top Secret Dealings
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 >
by George Waldon -
NanoMech Suits Continue
Dan Carroll’s attempt to recoup his $1 million investment in NanoMech Inc. of Springdale will continue in Washington County Circuit Court. read more >
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 >
by George Waldon -
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 >
by Lance Turner -
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 >
by George Waldon -
Nanomech Chief Confronted With Ouster by Investors
The previous CEO of Nanomech in Springdale retired before he could be ousted, investors say. read more >
by George Waldon -
Investor Sues Nanomech Over Million-Dollar Default
The financial mess created by former Nanomech CEO Jim Phillips (see Nanomech Chief Confronted With Ouster by Investors) has spawned another lawsuit. read more >
Investor Angst Boils at NanoMech
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 >
by George Waldon -
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 Selected to Head NanoMech Automotive (NWA Movers & Shakers)
Dan Carroll has been appointed president of NanoMech’s Automotive & Industrial Group in Springdale. read more >
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 >
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 >
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 >
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 >
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 >
by Sean Beherec -
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 >
by Mark Carter -