Braidy Industries Inc., Ashland, Ky., announces that it has acquired NanoAl LLC, a world leader in the science of nanocrystalline strengthening technology applied to sheet aluminum, as a third wholly owned subsidiary. NanoAl will join the Braidy Atlas aluminum rolling mill and Veloxint in the Braidy Industries company portfolio of holdings.
NanoAl was founded out of the Department of Materials Science at Northwestern University to commercialize the science of developing stronger aluminum alloys through control of key structural features at the nanoscale. Braidy believes the technology has the potential to significantly enhance the specific strength of aluminum to be produced by its Braidy Atlas mill, creating a competitive advantage within the automotive and aerospace OEM marketplace.
“We believe NanoAl’s innovative approach will enable sheet aluminum 20 percent stronger than conventional grades, while maintaining lower cost. The technology also applies to powder metallurgy, including 3D printing applications, allowing additional synergies between the Braidy Atlas mill and Veloxint,” said Dr. Alan Lund, Veloxint CEO and Chief Technology Officer of Braidy,. “This is another step towards our goal of rebuilding Appalachia with cutting edge technology focused on lightweighting solutions.”
According to Dr. Nhon Q. Vo, Chief Executive, Chief Technology Officer and Co-Founder of NanoAl, “Our new partnership with Braidy Industries and Veloxint provides the opportunity to scale our research and development capabilities and become the innovation leader in nano-science technology of light metals.”
Craig T. Bouchard, Braidy Industries Chairman and Chief Executive said, “We have the opportunity to grow our powder metallurgy business via acquisition. And, we have been approached by numerous parties to consider building our second rolling mill. We intend to pursue these opportunities.”
