PowerMetal Technologies
closedComponent supplier of nanomaterials to the sporting goods and consumer products industries.
| Date | Investors | Amount | Round |
|---|---|---|---|
$10.0m | Series A | ||
| Total Funding | 000k | ||
PowerMetal Technologies Inc. was a materials science company operating from Carlsbad, California, with a specific focus on the application of nanotechnology for the consumer and sporting goods industries. Founded in 2005, the company secured $10 million in a Series A venture capital round in October of the same year to commercialize its technology.
The firm's core business involved supplying high-performance components derived from nanomaterials to its clients. PowerMetal Technologies' business model centered on partnering with established industry brands to co-design and develop advanced components that could be integrated into their existing product lines, thereby enhancing performance. This strategy targeted the sporting goods and consumer products markets, providing manufacturers with a competitive edge through material science. The company's technology was built upon an extensive intellectual property portfolio, with worldwide patents for products and processes exclusively licensed from Integran Technologies, a leader in metallurgical nanotechnologies.
The flagship offering was the application of its Nanovate™ technology, a proprietary electrosynthesis process that creates nanocrystalline structured alloys. These materials exhibit superior physical properties such as high strength, toughness, hardness, and wear resistance compared to conventional metals. The technology allowed for the creation of fully dense coatings or freestanding, complex components through a cost-efficient, 'bottom-up' manufacturing process. This process enabled the fusion of nanometals to various substrates like metal, graphite composites, and plastics. Products that incorporated PowerMetal's technology included PING golf putters, Anderson baseball bats, HEAD tennis racquets, and Abu Garcia fishing reels, all leveraging the lightweight yet strong characteristics of the nano-metal components.
Keywords: nanomaterials, component supplier, sporting goods, consumer products, nanotechnology, nanocrystalline alloys, materials science, nanometals, venture capital, component design, intellectual property licensing, Integran Technologies, Nanovate, high-performance components, advanced materials, metallurgical nanotechnology, electrosynthesis, industrial supplies