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JumpStart Invests in Nano Coatings Company

Tuesday, July 22, 2008

Provided by The Plain Dealer
Written by Peter Krouse

JumpStart Inc. is providing $350,000 in venture capital to MesoCoat Inc., a subsidiary of Powdermet Inc. of Euclid.

MesoCoat was started in 2007 to commercialize environmentally friendly nanocomposite coating materials and application technologies. Its coatings are designed to reduce wear and corrosion on such parts as hydraulic cylinders, storage tanks, rotating shaft seals, pipelines, rail cars, pump rotors, marine structures and valve seats.

JumpStart is a local organization dedicated to helping innovative early-stage businesses develop their ideas and grow.