NanoSteel Grants License of Metallic Coatings Portfolio to Lincoln Electric

The agreement expands Lincoln Electric’s range of wear resistant products, which complement the company’s core arc welding, cutting and automation solutions.

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The NanoSteel Company and Lincoln Electric announced that NanoSteel has granted Lincoln Electric an exclusive worldwide license to the company’s steel coatings technology for weld overlay and thermal spray applications.

The company will continue to design and market its powders and automotive sheet steel portfolio outside the agreement.

During the transition period, NanoSteel and Lincoln Electric will work together to ensure consistent product availability and customer support. Terms of the licensing agreement were not disclosed.

“We are proud to be aligned with a company of Lincoln’s worldwide reach, technology innovation, and influence” said David Paratore, NanoSteel president and chief executive officer. “This agreement reinforces our business focus of licensing our technology to the world’s leading brands to offer global availability of our alloy designs.”