Euclid, Ohio (May 16, 2007) – Powdermet, Inc. will celebrate 10 years of business and host a grand opening celebration of our newly renovated Nanomaterials Research and Manufacturing Center at 4:00 p.m. on Friday, June 1, 2007.
Congresswoman, Stephanie Tubbs Jones and Euclid Mayor, Bill Cervenik will be on hand for the ribbon cutting ceremony, scheduled to take place at 4:30 p.m. Escorted plant tours and an anniversary celebration will immediately follow.
The new Nanomaterials Research and Manufacturing Center is 24,000 square feet and contains materials research facilities including thermal analysis, mechanical testing and a coating wear and performance testing laboratory. The facility also houses materials pilot manufacturing equipment including tape casting, vacuum sintering, injection molding and wet chemistry laboratories.
“The opening of our new Nanomaterials Research and Manufacturing Center represents a major milestone in company history. I believe the economic conditions, quality and availability of workers, state and local commitment to manufacturing, and reasonable cost of living in northern Ohio provides the perfect condition for the emerging nanomaterials industry,” said Andrew Sherman, Powdermet CEO. “I look forward to our next decade and contributing to the growth of the nanomanufacturing economy here in northern Ohio.”
Powdermet’s main nanomaterials production facility was opened in November, 2003 and includes 23 powder production reactors, large sintering furnaces and powder pressing and molding equipment. The main facility also houses a materials quality control laboratory containing scanning electron microscopy, AAS and ICP analysis, laser particle size analysis and BET surface area analyzers used for R&D and QC activities.
About Powdermet:
Powdermet started in a Los Angeles warehouse in 1997 with the grand idea of building the revolutionary performance of nanomaterials into a usable, low cost particle “building block” that could be converted into useful articles utilizing current manufacturing processes. Since 1997, Powdermet has been developing and manufacturing metallic nanocomposite particles, including our DiaBond™ engineered super abrasive products and ToolMet™ nanoengineered tungsten carbide products.
Powdermet Celebrates 10 Year Anniversary and Opens New Nanomaterials Research Facility – 2
In 2003, Powdermet relocated and expanded to Euclid, Ohio, opening our Stage I nanoengineered powder production facility. In 2005, Powdermet licensed our R&D 100 award winning RFFB nanomaterials production process and ToolMet™ product line to a regional Fortune 500 company and refocused on developing next-generation breakthrough products incorporating nanostructured metals.
Powdermet is now commercializing four new nanomaterial product lines, including our PComP™ nanocomposite coatings which are a low cost, environmentally friendly substitute for hard chrome plating; our SComP™ syntactic composites which are used in armor, energy absorbing lightweight structures and as high temperature structural insulation; MComP™ metallic nanocomposites, including nanocomposite aluminum, titanium and magnesium products that offer revolutionary advances in strength-weight compared to traditional wrought and cast materials and NComP™, energetic nanocomposites used for energy storage applications in batteries, capacitors and fuel cell applications.
