PROVIDENCE, R.I., May 13, 2015 (GLOBE NEWSWIRE) -- As the global automotive and steel communities come together at the Great Designs in Steel conference today, NanoSteel would like to take this opportunity to share an infographic that illustrates the benefit and cost efficiency of automotive lightweighting as a principal solution to improving fuel economy. Just like with people, there can be advantages to losing weight in the body of a vehicle, the impact of which compounds through secondary systems such as the powertrain and suspension. The result is a 6-8% improvement in fuel economy for a 10% reduction in vehicle weight. Additionally, the lower spending on gas that results from the fuel economy improvements achieved through weight reduction can be accomplished without impacting the driving experience. For these reasons, lightweighting will become increasingly important as the global automotive industry works to achieve the U.S. CAFE standards targets of 54.5MPG by 2025. Within the ecosystem of advanced automotive materials, innovative steel technology is well positioned to meet these new fuel economy standards and get us where we want to go.
About NanoSteel
NanoSteel is an advanced materials company specializing in the design and commercialization of patented steels with exceptional mechanical properties derived from their nano-scale microstructure. The Company's primary focus is proprietary alloys for use as sheet steel in automotive lightweighting applications and metal powder for 3D printing of industrial parts. Founded as a spinoff of the U.S. Department of Energy's Idaho National Laboratory in 2002, NanoSteel has developed multiple generations of ferrous materials innovations including metallic coatings, powders, and sheet steel protected by over 400 patents filed/granted worldwide. NanoSteel is a privately held company funded by lead shareholders EnerTech, Fairhaven Capital, and GM Ventures. For more information, visit www.nanosteelco.com or follow us on Twitter @NanoSteelCo.
A photo accompanying this release is available at: http://www.globenewswire.com/newsroom/prs/?pkgid=32911
