Springdale Nanotech Company Declares Bankruptcy

News

A local nanotechnology manufacturer filed for Chapter 11 bankruptcy.

NanoMech, Inc., was on the verge of collapse days before the company’s board of directors sought bankruptcy protection, according to its chief restructuring office.

NanoMech was founded in 2002 to develop nanotechnology for use in machining and manufacturing. In 2009, a 9,000 square-foot facility was built in Springdale, according to its website.

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