{"id":8049,"date":"2018-09-21T10:33:18","date_gmt":"2018-09-21T10:33:18","guid":{"rendered":"https:\/\/staging.asminternational.org\/hts-new\/results\/-\/journal_content\/56\/10192\/35372410\/NEWS\/"},"modified":"2023-02-07T04:48:03","modified_gmt":"2023-02-07T04:48:03","slug":"nanosteel-spins-out-3d-printing-business-to-commercialize-steel-alloy-powders","status":"publish","type":"post","link":"https:\/\/www.asminternational.org\/hts\/nanosteel-spins-out-3d-printing-business-to-commercialize-steel-alloy-powders\/","title":{"rendered":"Nanosteel spins out 3D printing business to commercialize steel alloy powders"},"content":{"rendered":"<p style=\"margin-bottom:.0001pt\"><span style=\"font-size:18px;\"><span style=\"line-height:normal\"><span lang=\"EN\"><span style=\"color:#444444\">Nanosteel Corp., Providence, announces the spinout of its additive manufacturing business unit into a new corporation named Formetrix. &nbsp;Led by an industrial leader in additive manufacturing and including investors Cycad Group and SPDG, Formetrix closed its Series A capital raise to accelerate the commercialization of Formetrix steel alloys for 3D printing processes. <\/span><\/span><\/span><\/span><\/p>\n<p style=\"margin-bottom:.0001pt\">&nbsp;<\/p>\n<p style=\"margin-bottom:.0001pt\"><span style=\"font-size:18px;\"><span lang=\"EN\" style=\"font-family:&quot;Calibri&quot;,sans-serif\"><span style=\"color:#444444\">Over the past four years, the team has developed novel alloys with exceptional material properties that current 3D printable or metal injection molded alloys do not offer. Leveraging NanoSteel\u2019s decade long expertise in patented steel alloy design, Formetrix metal powder portfolio provides an attractive combination of benefits such as higher hardness, higher ductility, and higher wear resistance than existing alternatives. <\/span><\/span><\/span><\/p>\n<p style=\"margin-bottom:.0001pt\">&nbsp;<\/p>\n<p style=\"margin-bottom:.0001pt\"><span style=\"font-size:18px;\"><span lang=\"EN\" style=\"font-family:&quot;Calibri&quot;,sans-serif\"><span style=\"color:#444444\">The company\u2019s initial industry focus is on materials for hot and cold forming tool and dies (i.e. molding, casting and stamping) within the automotive, oil and gas, and heavy machinery markets<\/span>. <\/span><span style=\"background:white\"><span style=\"font-family:&quot;Calibri&quot;,sans-serif\">Formetrix patented BLDRmetal powders use conventional steel alloying elements in novel ratios to create a powder platform well suited to the stresses experienced in most additive manufacturing processes.<\/span><\/span><\/span><\/p>\n<p style=\"margin-bottom:.0001pt\">&nbsp;<\/p>\n<p style=\"margin-bottom:.0001pt\"><span style=\"font-size:18px;\"><span lang=\"EN\" style=\"font-family:&quot;Calibri&quot;,sans-serif\"><span style=\"color:#444444\">\u201cFormetrix was formed to provide new, high performance steel alloys to accelerate the adoption of additive manufacturing within the tool and die and aluminum die cast industries,\u201d says NanoSteel President and CEO David Paratore. \u201cGrowth in these sectors has been limited in part to the lack of suitable materials, and we believe we have developed excellent new options.\u201d <\/span><\/span><\/span><\/p>\n<p style=\"margin-bottom:.0001pt\">&nbsp;<\/p>\n<p style=\"margin-bottom:.0001pt\"><span style=\"font-size:18px;\"><span lang=\"EN\"><span style=\"font-family:&quot;Calibri&quot;,sans-serif\"><a href=\"http:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.nanosteelco.com&amp;esheet=51868916&amp;newsitemid=20180919005094&amp;lan=en-US&amp;anchor=www.nanosteelco.com&amp;index=3&amp;md5=1419634b7031afcc90755085dff3ffb0\" target=\"_blank\" rel=\"noopener\">www.nanosteelco.com<\/a><\/span><\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nanosteel Corp., Providence, announces the spinout of its additive manufacturing business unit into a new corporation named Formetrix.<\/p>\n","protected":false},"author":63082,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[446,443,463,440,441,1],"tags":[],"class_list":["post-8049","post","type-post","status-publish","format-standard","hentry","category-automobiles-and-ground-transportation","category-fossil-fuel-power","category-metal-products-and-machinery","category-news","category-news-articles","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - 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