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

    What eBay's Machine Learning Advances Can Teach IT Professionals

    The use cases are worth exploring for any IT professional looking to help improve a company's bottom line by applying machine learning to its customer-facing applications.The use cases are worth exploring for any IT professional looking to help improve a company's bottom line by applying machine learning to its customer-facing applications.
  • 5300c769af79e

    Report: Apple Rolling Out More Accurate iTunes Match

    The company this week began rolling out a more accurate version of iTunes Match to all paying customers.According to The Loop, Apple is "watching the rollout very closely," keeping an eye out for bugs or glitches.
  • 5300c769af79e

    Sorry TV Anchors, We Like Getting Our News From Social Media

    A recent study suggests more than half of the world's population gets their daily dose of news from social networks.According to the 2016 Reuters Institute Digital News Report, Facebook, YouTube, and Twitter dominate the online news market, particularly among 18- to 24-year-olds.
  • 5300c769af79e

    10-Year-Old Earns $10,000 for Finding Instagram Bug

    Helsinki-based Jani (whose last name was not revealed) found a major flaw in Instagram's servers, earning him $10,000, and the respect of white hat hackers everywhere.The youngest person to be paid through Facebook's bug bounty program, Jani uncovered a vulnerability in the photo-sharing service that let him delete text posted by users.