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NanoMech Welcomes Prince Saud bin Khalid Al-Faisal to Arkansas
|By Business Wire
|June 20, 2014 01:39 PM EDT
It is not every day that a Saudi Arabian Prince requests to visit a
business in Northwest Arkansas, but that is just what happened recently
when Prince Saud bin Khalid Al-Faisal piloted his own plane in to visit
NanoMech. Prince Saud is the Deputy Governor for Investment Affairs,
Saudi Arabian General Investment Authority (SAGIA) and President,
National Competitiveness Center (NCC). He is responsible for enhancing
the competitiveness of Saudi Arabia and is utilizing his Eisenhower
Fellowship to investigate new approaches to sustainable economic growth,
diversification, and exploring innovations to increase his country’s
Jim Phillips, Prince Saud K. Al-Faisal and Arkansas Governor Mike Beebe (Photo: Business Wire)
NanoMech is recognized as a leader in innovation and technology. Their
breakthroughs in nano-materials and manufacturing include the first
cubic boron nitride coating for machine tools and advanced
nano-engineered lubricants. The company’s products have applications in
very advanced machining and manufacturing, lubrication and energy,
sustainable protective multi-functional coatings for textiles and other
consumer products, strategic military applications and biomedical
implant coatings. In the last year, NanoMech has been presented with the
prestigious R&D 100 Award, the Edison Award and most recently, the
Tibbetts Award, making it the only company in Arkansas’ history to sweep
all three awards.
“This has certainly been an excellent year for NanoMech,” Chairman and
CEO Jim Phillips said. “The company continues to gain momentum and it is
the innovators who will help drive results, efficiencies and progress.”
Phillips also noted, “Our groundbreaking products dramatically improve
performance, durability and sustainability, while significantly
decreasing costs to manufacture.”
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 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 is
at the leading edge of a resurgent U.S. manufacturing capability rich
with innovation. Prince Saud is also a Director of the Global Federation
of Competitiveness Councils which is keenly interested in innovation,
The Prince toured NanoMech’s factory, laboratories and world
headquarters in Springdale and met with Mr. Phillips and Dr. Ajay
Malshe, NanoMech’s CTO and Founder, to discuss opportunities involving
NanoMech's revolutionary enhanced fossil fuel technology. A trip has
been planned for Mr. Phillips and Dr. Malshe to visit key R&D facilities
in Saudi Arabia.
Prince Saud also visited the Institute of Nanoscience and Engineering at
the University of Arkansas. “The Institute of Nanoscience and
Engineering is a major regional asset to The Region as nano engineering
companies can utilize the vast array of scientific apparatuses and
electron microscopes to help advance their technology and industry
breakthrough products that increase America’s global
manufacturing competitiveness,” Phillips said. NanoMech rents the
Institute’s scanning electron microscope for surface morphology,
cross-sectional analysis and elemental analysis. It uses the Institute’s
transmission electron microscope for grain/crystal size analysis and
elemental analysis, and its X-ray diffraction allows the firm to
determine crystal structures/orientation for estimating crystalline.
As part of the visit to NanoMech, Prince Saud was provided a special
tour of Crystal Bridges Museum of American Art by Chairman and Founder
Alice Walton. While on the museum tour, Prince Saud had the opportunity
to also meet Walmart CEO Doug McMillon and members of the Crystal
Bridges Board of Directors.
Prince Saud then visited with Governor Beebe and Phillips at the Capitol
to talk about the economic impact companies like NanoMech have on the
State’s economy and how the innovations that are developed as a direct
result of the work they are doing position the State as a leader in
groundbreaking technology and international commerce. Governor Beebe had
an engaging discussion with Prince Saud on the history of Saudi Arabia,
its government, culture and business models.
About Eisenhower Fellowships
Eisenhower Fellowships exists to inspire leaders around the world to
challenge themselves, to think beyond their current scope, to engage
others, including outside of their current networks, and to leverage
their own talents to better the world around them. The central
operational responsibility is to find people who can envisage, as Dwight
Eisenhower did, a more prosperous, just and peaceful world, and have the
passion to pursue specific activities with real impact to achieve those
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/20140620005710/en/
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