NanoMech Talks to Private Equity About Product Funding

We hear Fayetteville-based NanoMech LLC, which has received nine Small Business Innovation Research awards, is talking to private equity investors about funding a production facility for a coating product called TuffTek. The coating is made by NanoMech spin-off Duralor, and is used to increase the life of tools that see extreme wear-and-tear.
Production of TuffTek is expensive, which is the major hurdle. NanoMech would need at least $1 million to begin production, but is targeting $3 million.