Oak Ridge, TN based Nanomechanics, Inc. announces agreement with Fast Forward Devices to license new technology
OAK RIDGE, TN – May 9, 2016 – Nanomechanics, Inc., an Oak Ridge, Tennessee based company whose principal mission is to enable our customers to evaluate and understand the mechanical performance of their materials on micro and nano-scales, recently announced an agreement with Fast Forward Devices, LLC (Fast Forward) to license a new technology for academic and business use.
This licensing agreement between Nanomechanics and Fast Forward will allow the two companies to build a new testing technology that will be released to the market in the coming months.
This new licensing agreement will allow Nanomechanics to work exclusively with Fast Forward for the commercialization of a new technology that will offer outstanding quantitative techniques for true multi-axial nanomechanical testing.
Our licensing agreement with Fast Forward will provide Nanomechanics the opportunity to offer our clients quantitative techniques for nanomechanical testing that have not been achieved before. Fast Forward’s technology is very impressive, and we’re excited to be their partner for the commercialization of that technology.
John Swindeman, CEO of Nanomechanics
The licensing agreement between Nanomechanics and Fast Forward will enable both companies to continue to move forward with true multi-axial control of test modes.
“Having worked with John Swindeman and the Nanomechanics team in the past, I know that they are head and shoulders above everyone else in this field” said Dr. Barry Lucas, President and CEO of Fast Forward. “From a professional and academic perspective, it is fulfilling to see the work continue from something that I had the good fortune to be a part of it initially, but to see someone build on what was made, it is very exciting. We certainly want to acknowledge and thank the DOE SBIR/STTR program for providing the funding for the initial R&D work on this technology and feel like the team at Nanomechanics has the ability to turn this into a world class instrument.