NanoMech Inc., a Springdale-based company that is a global leader in nano-lubricant manufacturing, has been recognized by market research firm Frost & Sullivan with the 2018 North American Technology Innovation Award. The honor is due to the company’s work to employ a proprietary technology platform that creates high-strength polymers reinforced with functionalized nanoparticles.
Nanomech’s advanced materials, according to a news release, produce uniform and aesthetically appealing coating solutions, which are encapsulated in oil and emulsifiers to deliver stable, anti-friction applications. In addition, the nanoparticles can be embedded into polymers to enable next-generation functionalities, such as anti-microbial activity.
“On behalf of the NanoMech team, we are very proud to have received this outstanding recognition from one of the world’s most prestigious growth partnership companies and its expert global analysts for our disruptive and innovative commercialized breakthrough, which is aimed at improving the quality of life and advancement of business and technology,” NanoMech Chairman and CEO Jim Phillips said in a news release.
Frost & Sullivan presents the award annually to the company that has developed a product with innovative features and functionality that is gaining rapid acceptance in the market. The award recognizes the solution’s quality and the customer value enhancements it enables.
NanoMech’s platform is significantly impacting the machinery and equipment coatings industry by enhancing equipment reliability or machinery performance efficiency by 200 to 1,000%. It’s also making a significant business impact on other industries, such as oil and gas, trucking, automotive and manufacturing.