July 17, 2012
The NanoSteel® Co., Providence, R.I., has been awarded its fifth R&D 100 Award by R&D Magazine for the development of a new class of nanostructured powder metal alloys designed for making large-scale industrial components.
The patented alloys are NanoSteel's first commercially available materials based on its recent breakthroughs in high-strength steels with combined strength and ductility, the company reports. This new class of steels features nanoscale microstructures that can be used in hot isostatic pressing to form components. They feature high tensile strength and elongation properties, along with high corrosion and wear resistance.
"The proprietary chemistries and new mechanisms at the core of our recent breakthroughs have allowed us to successfully engineer steel so that components weighing up to several thousand pounds can be formed with nanoscale microstructures and produced in volume on a large industrial scale," explained Daniel Branagan, Ph.D., CTO and founder of NanoSteel.
The annual R&D 100 Awards recognize the most technologically significant products introduced into the marketplace over the past year.