Press Release

Powdermet’s MComP™ Technology Receives 2012 NorTech Innovation Award

Euclid, Ohio, March 23, 2011Powdermet Inc. announces winning a 2012 NorTech Innovation Award for its technology, MComP™ (Micro/Nanocomposite) hierarchically-structured super metals that offers very high strength-to-weight ratios in magnesium or aluminum alloys.

The NorTech Award finalists are selected annually by a panel of distinguished academic, technical, investment and business leaders from various organizations throughout Northeast Ohio. Nominees compete for awards in one of five key areas: Advanced Energy; Advanced Materials; Biosciences; Flexible Electronics; and Instrumentation, Controls and Electronics.

MComP™ (Micro/Nanocomposite) hierarchically-structured super metals offer high strength-to-weight materials for light-weighting a wide variety of applications where weight reduction is critical and volumetric properties cannot be sacrificed.

By controlling the microstructure at the nano-scale, Powdermet has developed a line of innovative aluminum and magnesium composites whose properties can be catered to specific applications and is ideal for use in stiffness and/or strength-driven designs and has many of the same benefits of beryllium without the negative health and safety problems.

General Manager, Mr. Brian Doud, accepted this award on behalf of Powdermet at the NorTech Innovation Awards ceremony last night in Westlake, Ohio. “Powdermet is honored to have our breakthrough technology recognized by Northeast Ohio. MComP™ provides the opportunity to change the manufacturing landscape as we know it by replacing steel with lightweight, high strength aluminum or magnesium alloys, in a variety of transportation and infrastructure applications. We’d like to thank NorTech, Crain’s Cleveland Business, Kent State University and the judges who see the value in our MComP™ technology and its economic growth potential.”

About NorTech
NorTech, a regional nonprofit technology-based economic development organization, is a catalyst for growing Northeast Ohio’s emerging technology industries. NorTech is leading efforts to develop regional innovation clusters that create jobs, attract capital and have a long-term, positive economic impact.

About Powdermet, Inc.:
Powdermet, Inc. ( located in Euclid, Ohio, is the world leader in the production of nanoengineered metallic composites.  The company’s Vision is “Clean, Green, Sustainable Materials Solutions.”  Powdermet develops, matures, and transitions breakthrough materials innovations that enable reduced weight, reduced resource consumption, reduced environmental footprint, reduced life cycle costs, and increase energy efficiency based on value-creation gained through engineered nano-scale features and hierarchically structures of metal and/or ceramic phases in a structure.