Ark. nanotechnology firm partners with Texas co.

AP News
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Posted: Jul 11, 2012 11:48 AM
Ark. nanotechnology firm partners with Texas co.

LITTLE ROCK, Ark. (AP) — A Springdale company's agreement to provide its industrial lubricant to a Texas company for oil and gas equipment is expected to create 10 to 20 new jobs in northwest Arkansas.

NanoMech Inc. and Cameron on Tuesday announced the agreement to provide TriboTuff lubricant in some of Cameron's values and flow equipment used in the gas and supply chain. NanoMech said the product reduces friction to near zero, which will improve the performance of machines while decreasing the amount of fossil fuels used.

The two companies announced the partnership at a news conference with Gov. Mike Beebe at the state Capitol.

NanoMech was founded in 2002 and offers engineering materials developed through nanotechnology. Cameron is headquartered in Houston, Texas, and employs more than 23,000 people worldwide.