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NanoMech, Inc. Completes $7M Non-Convertible Senior Secured Debt and Equity Financing

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NanoMech, Inc., a specialty materials company with patented technology
in the field of nano-engineered lubricants, chemistries, coatings, and
finishes, announced today the completion of a $7M non-convertible senior
secured debt and equity financing with Michaelson Capital Special
Finance Fund II, L.P.

"We continue to strengthen our balance sheet in order
to position NanoMech for sustainable long-term growth," said James
M. Phillips, chairman and CEO of NanoMech Industries. "This financing
provides our company with greater financial flexibility to address the
growing demand for our advanced lubricants and coatings, especially in
the energy, transportation, industrial and retail sectors."

"NanoMech intends to use the financing to repay certain
debt, and as working capital to accelerate the growth of our proprietary
nanoscale engineering and manufacturing technologies," Phillips
said. "NanoMech is experiencing wide-scale adoption and recurring use of
our superior products by iconic multi-national and innovative
corporations desiring to take advantage of our very disruptive
technology and easy to implement products."

"As demonstrated by their high-quality product range, remarkable
growth, and expanding set of blue-chip customers, NanoMech is clearly a
leader in solving revenue-rich problems related to friction, wear, and
corrosion, increasing durability, efficiency, performance, and
sustainability like no other competitor. We are thrilled to work with
the NanoMech team as they scale their business," said Michaelson Capital
CEO Larry Jones. "Michaelson Capital has a long history of providing
financing to disruptive entrepreneurial technology companies where we
believe we can add value to help them grow. Our debt plus equity
structure generates strong alignment with our portfolio company
partners."

ABOUT NANOMECH INDUSTRIES

NanoMech, an ISO 9001:2015 certified manufacturer, is focused on
patented platform nanomanufacturing technologies that offer a broad
range of high-value market opportunities. The operating vision of
NanoMech is to be the highest quality world leader in nanomanufacturing
innovation with swift product development and an emphasis on deep
science-based platform technologies that are scalable for efficient mass
production. The company's heavily patented multi-functional products
utilize a very robust macro-molecular based invention(s) of oil and
grease lubricants, chemistries, coatings/finishes in metals and textiles
that has achieved iconic customer-validated consumer and industrial
applications in high-level energy manufacturing, machining, marine,
racing, heavy-duty trucking, automotive, aerospace, electronic vehicles,
industrial manufacturing and strategic military applications. For more
information please visit www.NanoMech.com.

ABOUT MICHAELSON CAPITAL PARTNERS

Michaelson Capital provides customized growth financing to
entrepreneur-led technology companies in sectors where it has domain
expertise, relationships, and experience to add value. It focuses
on disruptive high-quality companies attempting to change industries and
make the world a better place. For more information, please visit www.michaelsoncapital.com

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