Today NanoMech announced it has purchased its existing factory and will
build an adjoining state-of-the-art facility in east Springdale. The
approximate 25,000 square foot building will triple the size of current
operations and will serve as the company's world headquarters.
New NanoMech Global Headquarters (Photo: Business Wire)
"NanoMech is a global nanomanufacturing company founded right here in
Northwest Arkansas," said NanoMech CEO Jim Phillips. "The new factory
and expanded headquarters will provide for approximately 25-50 new jobs
for world-class scientists and support staff. The space 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
The new factory will incorporate cutting edge assembly lines,
laboratories, and the latest in security, environmental, and safety
systems for handling advanced manufacturing, military, and strategic
projects. A secure wall and security fencing enclosing the campus are
also part of the building plans. 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.
"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
NanoMech, founded in 2002, is the result of a successful public/private
partnership (PPP) between the private sector, the State of Arkansas, the
University of Arkansas, and the federal government. State and city
officials worked alongside company leadership to make the company's new
global campus become a reality.
"The City of Springdale is positioned to continue to ead our state in
growth," said Springdale Mayor Doug Sprouse. "Projects like the NanoMech
expansion show that the city is open for business and interested in
helping companies grow and expand."
Governor Beebe and Grant Tennille, the executive director of the
Arkansas Economic Development Commission, are staunch supporters of
technology growth in Northwest Arkansas. They regularly cite the
partnership between NanoMech, the University of Arkansas and the private
sector as a model for public/private partnership (PPP) success.
"NanoMech is at the forefront of an industry estimated to have a
multi-trillion dollar impact on the global economy over the next
decade," Tennille said. "This expansion signifies to the industry that
NanoMech is one of the world's leading companies and we believe they
will continue to create important, knowledge-based jobs and attract the
best scientists from the international stage."
Perry Webb, President of the Springdale Chamber of Commerce, believes
the NanoMech expansion will help spur others to invest in Springdale.
"Springdale is a great place to do business and we are thrilled that
such a successful national-award-winning global technology company is
headquartered here," Webb said. "We have been impressed with their
management's relentless work ethic, and excited this multi-million
dollar factory will serve as an anchor for this area encouraging other
companies to include Springdale in their growth plans."
NanoMech chose Miller Boskus Lack Architects, P.A. of Fayetteville,
Arkansas, to design the new headquarters factory and labs. The
architectural plans are complete and construction is expected to be
begin in the coming weeks. The new factory and headquarters is expected
to be fully operational by the summer of 2014.
Vince Caprio, Executive Director of NanoBCA (NanoBusiness
Commercialization Association), said "NanoMech has been on our radar for
several years. The advancements they are making in the materials science
and nanomanufactured products space is nothing short of game changing.
Our organization has recognized NanoMech as one of the national leaders
that is improving the science in the nanotechnology field launching
Deborah Wince-Smith, CEO of the American Council on Competitiveness 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 is 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 and surging."
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 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
honors include the distinguished R&D100 award for Top U.S. Technology,
the NanoBCS Top Company of the Year, and was recently nominated for two
Edison Awards. NanoMech also received the Frost & Sullivan award for
Excellence in Technology. 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. For more information please visit www.NanoMech.com
Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20140115005341/en/
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