Nanotech Industrial Solutions, Inc. Completes Acquisition of NanoMaterials Ltd.
Nanotech Industrial Solutions, Inc. (NIS) a USA corporation has acquired NanoMaterials, as of August 6th, 2013.
Yavne, Israel (PRWEB) September 17, 2013
NIS and NanoMaterials announce the completed agreement for NIS to acquire NanoMaterials, a leader in nanotechnology lubricants. NIS and NanoMaterials will combine their innovative technologies, research teams and personnel to provide market leading technology in the nano lubricant additive field.
NanoMaterials were the first to develop and commercialize products utilizing patented multilayered inorganic nanoparticles with a fullerene-like nanostructure of tungsten disulfide. These particles were developed at the Weizmann Institute in Israel by Prof. Reshef Tenne in 1992 and licensed for commercialization to NanoMaterials. The innovative nanoparticles feature a unique continuous tribofilm release mechanism that helps repair wear damages by coating moving engine parts with lubricating layers.
“In acquiring NanoMaterials, NIS will infuse the company with the resources necessary to further develop products for the oil additives market for both industrial and consumer uses," said Eugene Kverel, President and CEO of NIS. "NIS will add R&D expertise for the development of enhanced polymers, coatings, epoxies, and composites.”
NanoMaterials currently markets their anti-friction/ anti-wear NanoLub additives through key distributors worldwide. Tests have shown that incorporating NanoMaterials’ inorganic, lubricant additives into oil and grease formulations delivers a range of performance enhancements including:
- Significant friction reduction
- Reduced wear of contacting surfaces
- Reconditioning of existing wear damage
- Enhanced energy and fuel efficiency
- Reduced operating temperature
These translate to significant cost and performance benefits such as lower energy consumption, extended effective operation of mechanisms, extended lubricant life, and extended machinery life.
About NanoMaterials Ltd.
NanoMaterials Ltd. (Apnano) is now part of the Nanotech Industrial Solutions, Inc. (NIS) group, an American based company. NanoMaterials, a cleantech company, is a pioneer of inorganic, multi-layered fullerenes. It was the first to succeed in the commercial production of inorganic, multi-layered nanofullerenes and nanotubes, based on platform technology developed at the Weizmann Institute of Science. The company’s WS2-based nanomaterials opened up new possibilities for developing extreme performance lubricants, coatings and polymer composites. These materials feature outstanding extreme temperature (ET) and extreme pressure (EP) properties. The composition and morphology of these materials create a unique mechanism of friction-induced tribofilm release. The exfoliated nanoparticles attach to working-surfaces, fill in wear crevices and coat working surfaces with a continuous super-lubrication layer. This "surface reconditioning" effect improves energy efficiency, extends effective operation, and extends machinery and lubricant life. NanoMaterials has earned international recognition and won numerous innovation and excellence awards, including winning the prestigious Red Herring Top 100 Innovators award. The company's NanoLub® family of EP lubrication applications (oils, greases, solids) is gaining increasing recognition and growing demand particularly in the automotive and heavy equipment industries; other industries they are involved in include defense, mining and metalworking.
For more information, visit: http://www.apnano.com.
For the original version on PRWeb visit: http://www.prweb.com/releases/2013/9/prweb11130804.htm