The NanoSteel Company, a leader in nano structured steel materials design, announced it has been awarded its fifth R&D 100 Award, by R&D Magazine, for the development of a new class of nano structured powder metal alloys designed for making large scale industrial components.

NanoSteel's patented designs are the company's first commercially available materials based on its recent breakthroughs in high strength steels with exceptional combinations of strength and ductility.

This new class of steels features nano scale microstructures which can be used in hot isostatic pressing, known as HIPing to form components. These nano scale structures result in a powerful combination of high tensile strength and elongation properties with high corrosion and or wear resistance.

Mr Daniel Branagan CTO and founder of NanoSteel said that "Previous strategies to alter the mechanical properties of steel to form near net shape components with nano scale microstructures have been severely limited by size and total thickness. The proprietary chemistries and new mechanisms at the core of our recent breakthroughs have allowed us to successfully engineer steel so that components weighing up to several thousand pounds can be formed with nano scale microstructures and produced in volume on a large industrial scale."

Parts formed with NanoSteel's powder metallurgy can increase dependability in highly stressed and operationally critical applications in industries such as power generation and oil & gas.

Widely known as the Oscars of Innovation, the annual R&D 100 Awards, which celebrates its 50th year in 2012, recognizes the top most technologically significant products introduced into the marketplace over the past year.

Source - NanoSteel

(www.steelguru.com)