Lincoln Electric has been granted an exclusive worldwide license to NanoSteel’s proprietary steel coatings technology for weld overlay and thermal spray applications.
The new agreement with the NanoSteel Company expands Lincoln Electric’s range of wear-resistant products, which complement the company’s core arc welding, cutting and automation solutions.
NanoSteel has, for more than 12 years developed innovative iron-based alloys in various forms to advance steel’s capabilities in multiple markets.
Tom Matthews, senior vice president of technology and R&D for Lincoln Electric explains that NanoSteel’s breakthrough technology provides a level of hardness and abrasion resistance that is superior to chrome carbides and more economical than tungsten carbides. NanoSteel’s proprietary technology enables customers to significantly extend the service life of equipment used in mining, oil and gas, power generation and other industries.
David Paratore, NanoSteel president and chief executive officer adds that the agreement reinforces their business focus of licensing their technology to the world’s leading brands to offer global availability of their alloy designs.