Recognizing new paradigm in automotive sheet steel performance PROVIDENCE, R.I.– BUSINESS WIRE –May 20, 2016– NanoSteel , a leader in nanostructured steel materials, and the company s joint development launch partner, AK Steel Corporation, have won the Platts Global Metals Breakthrough Solution of the Year Award.
This award is in recognition of NanoSteel s advanced automotive sheet-produced by AK Steel-which brings the combination of both high strength and high formability to automotive lightweighting.
Our material also provides all the benefits of steel, making it more cost-effective than alternative metals and easier to integrate into a supply chain and parts manufacturing footprint that has successfully produced steel automotive components for more than 100 years.
This multi-year partnership between two innovative companies is uniquely positioned to advance steel s leadership in vehicle lightweighting.
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/or granted worldwide.