Nanotech Industrial Solutions, Inc (NIS), a New Jersey, USA-based manufacturer of nano-sized particles of Inorganic Fullerene-like Tungsten Disulfide, completed a $12m growth capital round.
The round was led and syndicated by EcoMachines Ventures, a long-term investor in NIS.
The company intends to use the funds to accelerate sales and continue developing new applications of its nanoadditives technology.
Led by President and CEO Eugene Kverel, NIS is a manufacturer of nano-sized particles of Inorganic Fullerene-like Tungsten Disulfide, producing high performance additives for greases, industrial lubricants (including gear oils, transmission oils, chain oils etc.), metal working fluids and other lubricating fluids.
The company’s patented particle technology reduces friction and wear whilst increasing the extreme pressure capacity of lubricants. This leads to reduced downtimes and cost of ownership whilst increasing resource efficiency in the automotive industry (engine and gear oils) and industrial applications (engine oils, chain oils, gear oils, greases, etc).