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NanoBCA Member Jim Phillips Testifies at U.S. House Subcommittee

NanoBusiness Commercialization Association Member Jim Phillips Testifies at U.S. House Subcommittee on Commerce, Manufacturing and Trade July 29th, 2014

PRLog - Aug. 4, 2014 - SHELTON, Conn. -- SHELTON, CT– Vincent Caprio, Founder and Executive Director of the NanoBusiness Commercialization Association (http://manufacturing.nanoevent.org/) (“NanoBCA”) announced that NanoBCA member James Phillips, Chairman & CEO of NanoMech, Inc. (http://www.nanomech.com/) testified on July 29th, 2014 before the U.S. House Subcommittee on Commerce, Manufacturing and Trade.

The Subcommittee on Commerce, Manufacturing, and Trade, chaired by Rep. Lee Terry (R-NE), held a hearing on “Nanotechnology: Understanding How Small Solutions Drive Big Innovation.” Nanotechnology is science, engineering, and technology conducted at the nanoscale, which is approximately 1 to 100 nanometers (one nanometer is a billionth of a meter). This technology brings great opportunities to advance a broad range of industries, bolster our U.S. economy, and create new manufacturing jobs. Committee members heard from several nanotech industry leaders about the current state of nanotechnology and the direction in which it is headed.

Mr. Phillips serves as Chairman and CEO of NanoMech, a leading nano-engineering and manufacturing company based in northwest Arkansas, has a portfolio of international award-winning inventions and commercial products, including innovations in machining and advanced manufacturing, lubrication and energy, biomedical implant coatings, and strategic military applications.

Phillips added, “It’s time for America to lead. … We must capitalize immediately on our great University system, our National Labs, and tremendous agencies like the National Science Foundation, to be sure this unique and best-in-class innovation ecosystem, is organized in a way that promotes nanotechnology, tech transfer and commercialization in dramatic and laser focused ways so that we capture the best ideas into patents quickly, that are easily transferred into our capitalistic economy so that our nation’s best ideas and inventions are never left stranded, but instead accelerated to market at the speed of innovation so that we build good jobs and improve the quality of life and security for our citizens faster and better than any other country on our planet.”

“I am very excited to have one of our members testify before the U.S. House on nano issues.” commented Caprio.  “As the premier associations promoting nano we are honored to have one of our members chosen to speak in front of this prestigious House Subcommittee.”

Chairman Terry:  “Nanotech is a true science race between the nations, and we should be encouraging the transition from research breakthroughs to commercial development.”

A video link to the hearings can be found here:  http://energycommerce.house.gov/hearing/nanotechnology-un...

About the NanoBusiness Commercialization Association

The NanoBusiness Commercialization Association (NanoBCA) is a 501(c)(6) trade organization dedicated to promoting the commercialization of nanotechnology and helping companies bring affordable, life-improving nanotech products to the market. We actively represent our members on Capitol Hill in order to create a positive policy climate for nanotechnology, and also on Wall Street where we draw the attention of the global financial community to this high-potential sector and to our member companies through our NanoBusiness conference.

The NanoBusiness Commercialization Association was founded in 2001 as the “NanoBusiness Alliance,” the first nonprofit association focused on the commercialization of nanotechnologies. Through its extensive network of leading start-ups, Fortune 500 companies, research institutions, non-governmental organizations and public-private partnerships, the Association shapes national nanotechnology policy and helps accelerate the commercialization of nanotechnology innovations. The NanoBusiness Commercialization Association is based in Washington, D.C. and Shelton, CT.

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David Katz

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Source:The NanoBusiness Commercialization Association
Location:Shelton - Connecticut - United States
Industry:Business, Manufacturing
Tags:nano, nanotechnology, nanomanufacturing
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