NanoSteel Delivers Advanced Automotive Steel to General Motors

...

NanoSteel®, a leader in nanostructured steel materials, today announced the delivery of its first advanced high strength steel (AHSS) to General Motors for initial testing. Designed to provide automakers with a new standard in material performance, the sheet steel is poised to accelerate vehicle lightweighting initiatives focused on affordably meeting rising global fuel-economy regulations. Production of the material, targeted to the $100 billion-plus automotive steel market, is the result of a multi-year joint development program between NanoSteel and AK Steel Corporation-an industry-leading innovator in steel product development.

This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20160421005452/en/

NanoSteel’s commercially produced automotive sheet steel overcomes the historical tradeoff between strength and formability by delivering exceptional levels of both properties at the same time (approximately 1200 MPa tensile strength and 50 percent elongation). The high strength allows designers to create parts utilizing thinner-gauge material (less weight) while the high elongation allows manufacturers to produce the newly designed parts without expensive processing techniques, employee retraining or additional capital costs. The unique combination of properties also allows engineers the design freedom to create novel part shapes, which further reduces weight.

“Many advanced materials with outstanding properties end up abandoned because they are too hard to use or too expensive to make,” said NanoSteel CEO and president David Paratore. “NanoSteel’s advanced high strength steel is designed to be both easy to produce-using conventional alloying elements with standard slab casting equipment; and easy to use-enabling the stamping and forming of parts at room temperature without additional manufacturing infrastructure or investment, such as that required for ‘hot’ stamped parts.”

AK Steel Corporation, CEO Roger Newport commented, “We are pleased to partner with Nanosteel to bring this exciting new product to the market. As the first steel producer to manufacture this unique product using traditional slab casting, we are proud to add this accomplishment to our long and successful track record of innovation.”

Paratore added, “We are confident that the exceptional properties of NanoSteel’s sheet will enable automakers to affordably meet the ever-changing requirements of vehicle design and foster a new era of steel competitiveness in the battle of material choice.”

NanoSteel is an advanced materials company specializing in the design and commercialization of patented steels with exceptional mechanical properties derived from their nano-scale microstructure. The Company’s primary focus is proprietary alloys for use as sheet steel in automotive lightweighting applications. Founded as a spinoff of the U.S. Department of Energy’s Idaho National Laboratory in 2002, NanoSteel has developed multiple generations of ferrous materials innovations including metallic coatings, additive manufacturing powders, and sheet steel protected by over 300 patents filed and granted worldwide. NanoSteel is a privately held company funded by lead shareholders EnerTech, Fairhaven Capital, and GM Ventures. For more information, visit www.nanosteelco.com or follow us on Twitter @NanoSteelCo.

AK Steel is a world leader in the production of flat-rolled carbon, stainless and electrical steel products, primarily for automotive, infrastructure and manufacturing, construction and electrical power generation and distribution markets. Headquartered in West Chester, Ohio (Greater Cincinnati), the company employs approximately 8,500 men and women at eight steel plants, two coke plants and two tube manufacturing plants across six states: Indiana, Kentucky, Michigan, Ohio, Pennsylvania and West Virginia. Additional information about AK Steel is available at www.aksteel.com.

Categories
APPLICATIONS
0 Comment

Leave a Reply

Captcha image


RELATED BY

  • 5300c769af79e

    Capital One Comes to Android Pay, Along With a Bunch of Other Banks

    Google updated its list of participating banks with Android Pay this morning, adding Capital One to the list.They also added another couple of dozen (or 48 in total) as an extension to the dozens they added only a week ago.
  • 5300c769af79e

    Google Kills Chromebook Pixel 2

    With the demise of the Pixel 2, Google is no longer making and selling its own Chromebooks.The Chromebook Pixel 2 is no more.
  • 5300c769af79e

    Amazon Prime Begins Restaurant Deliveries in London

    Put down the pots and pans and step away from the oven: Amazon Prime restaurant delivery is now live in London.Using the Prime Now mobile app, hungry users in select London postcodes can place orders with local restaurants to receive a hot meal in an hour or less.
  • 5300c769af79e

    IBM's Watson Smartens Up iOS Enterprise Apps

    The company has optimized several new technologies to work with the iOS 10 speech framework -- including IBM Natural Language Processing, Watson Conversation and other Watson APIs -- enabling millions of workers who use the MobileFirst technology to control apps with simple voice interactions.The extended relationship with Apple is the most interesting thing that IBM announced at the conference, according to Charles King, principal analyst at Pund-IT.