|By Business Wire||
|March 31, 2014 07:00 AM EDT||
Today NanoMech will host the Springdale Chamber of Commerce and area leaders during its ground breaking ceremony, to be held at 2pm at the Springdale factory. The approximate 25,000 square foot building will triple the size of current operations and will serve as the company’s world headquarters, with an anticipated completion date in September. While the new facility will connect to the existing building, the company has purchased the adjacent 7.3 acre tract for future development providing the company with the ability to expand on a contiguous 9 acre campus. Miller Boskus Lack Architects, P.A. of Fayetteville, Arkansas, designed the new headquarters factory and labs. Arkansas based Kinco Constructors is the general contractor.
“NanoMech is a global nanomanufacturing company founded right here in Northwest Arkansas,” said NanoMech CEO Jim Phillips. “The new factory and expanded headquarters will also allow us to meet current demand for our products while advancing ongoing research and development efforts. This state-of-the-art, smart manufacturing facility and laboratories will further position our products and scientists as some of the best and most innovative in the world.”
”This advanced facility will allow us to accelerate the development and commercialization of innovative products that people have only dreamed of before,” said Dr. Ajay P. Malshe, NanoMech Founder and CTO said. “Aggressive demand for our technology suggests the need for rapid scale-up production to meet government and private sector orders for our breakthrough products”. The initial production factory will be complete by July. NanoMech is located at 2447 Technology Way in Springdale, with additional offices in Dallas and Houston, TX and Detroit, MI, as well as an accounting and finance office at the University of Arkansas Research Park Enterprise Center.
NanoMech, founded in 2003, is the result of a successful public/private partnership (PPP) between the private sector, the State of Arkansas, major universities, and the federal government. State and city officials worked alongside company leadership to make the company’s new global campus become a reality. By focusing on execution, innovation completion, and directed investment, each NanoMech platform technology has reached commercial status and scalability, addressing multi-billion dollar markets while providing immediate disruptive and transformative improvements to existing products in the marketplace.
The editors of R&D Magazine awarded NanoMech's TuffTek® the coveted R&D 100 Award in 2013. The company’s core patents were issued recently by the USPTO, providing significant increased value and protection.
NanoMech is an internationally recognized pioneer in applying breakthrough innovations to critical areas of national interest including machining and manufacturing, lubrication and energy, and strategic military applications. NanoMech is a member of President Obama’s Materials Genome Initiative, the U.S. Manufacturing Competitiveness Initiative (USMCI) and the U.S. Technology Leadership and Strategy Initiative, both based in Washington, DC. The company maintains sales offices around the country and an approximate 5000 square foot research and development facility at the University of Arkansas Research Park Enterprise Center. The U.S. Government Accountability Office has just issued a report describing nanomanufacturing as a future megatrend that will potentially match or surpass the digital revolution’s effect on society and the economy. For more information please visit www.NanoMech.com and www.TheNanoverse.com.