NanoSteel Names Harald Lemke Vice President & General Manager of Powder Metallurgy

• Role to drive adoption of AHSS (Advanced High Strength Steel) breakthrough and steel coatings into industrial applications utilizing powder metallurgy
• Appointment brings deep expertise in product innovation, processing and commercialization of advanced material

PROVIDENCE, R.I., Feb. 13, 2013 (GLOBE NEWSWIRE) -- The NanoSteel® Company, a leader in nano-structured steel materials design, today announced that Harald Lemke has joined the company as vice president & general manager of powder metallurgy.

In this new role, Lemke will lead the commercialization of NanoSteel's alloys into the powder metallurgy industry utilizing both the recent breakthrough in AHSS and the company's established coatings products. Lemke will focus on high hardness, wear and yield strength applications that also require ductility traditionally served by specialty and hard materials. Initial target industries for the company's PM business will be oil & gas, power generation and mining.

Lemke's leadership experience spans a broad range of advanced materials including metals, ceramics, plastics and composites. Across this spectrum of businesses, he established a track record of delivering customer value through the optimization of materials design, manufacture and component forming processing.

"There is significant opportunity to leverage our breakthrough in nano-structured sheet steel into the cladding and near-net shape parts businesses of powder metallurgy," said David Paratore, president and CEO. "Harald's proven leadership in growing a number of advanced materials categories makes him the ideal choice to build this business."

"NanoSteel's combination of exceptional performance capabilities and cost competitiveness makes the company uniquely positioned to meet customer requirements in increasingly more demanding industrial environments," Lemke said. "With NanoSteel's broad portfolio of products, we have the opportunity to extend steel's footprint outside of traditional metal performance boundaries into new markets and applications."

Lemke was most recently the global vice president of materials marketing at the $650M coatings division of Sulzer-Metco where he raised top and bottom line growth. Previously, Lemke was business development manager for Kennametal's advanced materials division and chief operating officer & general manager of Powdermet, where he scaled a metal and metal matrix powder start-up business. Lemke has also held key positions at Conoco-Phillips, Air Liquide and Nalco-Exxon Energy Chemicals L.P.

About NanoSteel

NanoSteel is the world leader in proprietary nano-structured steel material designs. Over its ten-year history, NanoSteel has created progressive generations of iron-based alloys from surface coatings to to foils to sheet steel and powder metals. For the oil & gas, mining and power industries, NanoSteel has successfully introduced commercial applications of metallic coatings to prolong service lifetime in the most extreme industrial environments. For the automotive industry, NanoSteel has achieved a significant breakthrough in the development of nano-structured sheet steel with exceptional strength and ductility. NanoSteel is a privately held company funded by lead shareholders EnerTech and Fairhaven Capital. For more information, visit www.nanosteelco.com or follow us on Twitter @NanoSteelCo.

Greg Nixon, Marketing & Communications Manager

Phone (407) 616-5167, gnixon@NanoSteelco.com, www.NanoSteelco.com

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