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NanoMech’s TuffTek® Chosen as Prestigious 2014 Tibbetts SBIR Award Winner
|By Business Wire
|June 16, 2014 05:01 PM EDT
The U.S. Small Business Administration announced today that NanoMech’s
TuffTek® is a winner of the coveted 2014 Best in SBIR (Small
Business Innovative Research) Award. This award places TuffTek®
in an elite class of innovative products and recognizes it as one of the
most technologically significant products introduced in the marketplace
of the past year.
Ajay Malshe and Jim Phillips with EPA Program Manager April Richards (Photo: Business Wire)
“This has certainly been an excellent year for NanoMech,” Chairman and
CEO Jim Phillips said. “The company continues to gain momentum and
receiving The 2014 Tibbetts Award as The Best in SBIR is a tremendous
honor for the NanoMech team.”
Mr. Javier Saade, Associate Administrator for the SBA issued the
following statement: "Today, we recognize the cream of the crop – those
companies and individuals across the country that have used their SBIR
funds to successfully advance technological innovation and stimulate
“We congratulate EPA SBIR recipient, NanoMech, on their 2014 Tibbetts
award and are proud to have helped support their development and
commercialization of innovative green manufacturing technologies that
help protect human health and the environment,” said Environmental
Protection Agency Program Manager, April Richards.
As the world economy begins to ramp back up, it is the innovators,
Phillips notes, who will help drive results, efficiencies and ultimately
profitability. “TuffTek® is a ground-breaking product that is
manufactured using Atomically Precise Manufacturing (APM). When applied
to cutting tools, TuffTek® dramatically increases the tool’s
precision cutting performance, durability and sustainability while
significantly decreasing the company’s costs to manufacture. It is a
win-win product, for the customer, the market and the environment.”
Deborah Wince-Smith, CEO of the Council on Competitiveness (www.compete.org)
and also a member of NanoMech’s Board of Directors, praises NanoMech for
their innovative work. "In a world of turbulence, transition and
transformation, nothing matters more to the competitiveness of companies
and countries than innovation and manufacturing prowess. The ability to
develop and deploy the most cutting-edge tools and products to bolster
U.S. advanced manufacturing will deliver outsized benefits to the U.S.
industrial base. NanoMech and TuffTek® are at the leading
edge of a resurgent U.S. manufacturing capability - one that is not
dumb, dirty, dangerous and disappearing; but is smart, safe, sustainable
Ajay P. Malshe, CTO/Founder of NanoMech and inventor said, "TuffTek® has
redefined and revolutionized the cutting tool industry by significantly
improving the wear resistance of the tools as well as their precision
and heat resistance, especially through the world's first cubic boron
nitride (cBN) coated products. TuffTek® suite of products'
performance enhancement represent a monumental improvement in the
cutting tools industry and are due in large part to the new products'
cBN and nano-composite patents using bio-inspired and nano-engineered
technology for advanced machining of energy, automotive and aerospace
components. In addition, the new coatings save valuable and increasingly
scarce materials such as carbide and can even significantly reduce the
use of oil in industry through dry cutting, saving some of the millions
of gallons of oil coolants used in machining."
NanoMech is the only Arkansas company to win The 2014 Tibbetts Award. In
the last year, NanoMech has been recognized for winning The Edison Award
and the R&D 100 Award as well, making it the only company in Arkansas
history to sweep all three Awards.
The Tibbetts Award goes to the highest level of emerging technology
companies and organizations in our Country. Previous winners have
included Qualcomm, Symantec, iRobot, Genzyme Corporation, Goodrich,
Northrup Grumman, the National Cancer Institute, Boeing, and many
others. This year, previous winner Intuitive Surgical, Inc., who created
the groundbreaking DaVinci Surgical System, a robotic assisted minimally
invasive surgery system that has revolutionized the healthcare industry,
received special recognition.
About the Tibbetts Awards
The Tibbetts awards are presented annually to those who are beacons of
promise and models of excellence in high-technology. Winners are
selected based on the economic impact of their technological innovation,
and the extent to which that innovation served federal R&D needs,
encouraged diverse participation and increased the commercialization of
federal research. The Tibbetts Awards are presented to small businesses
and individuals judged to exemplify the best in the SBIR program. The
award is named for Roland Tibbetts, acknowledged as the father of the
Small Business Innovation Research (SBIR) program, and is presented to
companies and individuals that promote the mission and goals of the SBIR
to stimulate technological innovation;
to use small business to meet federal research and development needs;
to encourage diverse participation in technological innovation;
to increase commercialization of Federal research.
About the SBA
Created in 1953, the U.S. Small Business Administration (SBA) helps
Americans to start, grow and succeed with their own companies. The
Agency's mission is described as the three C's: facilitating access to
capital, providing counseling, and ensuring emerging businesses receive
a quarter of Federal contract dollars.
NanoMech Inc. was founded in 2002 and creates advanced engineering
materials through patent and patent-pending nano-engineered and
nano-manufactured product development. NanoMech is a pioneer in applying
breakthrough innovations to robust 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. For more information please
Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20140616006522/en/
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