Some people think that a carbon fiber takes its popularity for its fashionable look. However, the popularity of a carbon fiber comes with its outstanding characteristics – where you can find such light and strong material. Another applicant is an aluminum alloy, which is super light and it needs decades to turn into rust.
But the both carbon fiber and aluminum have one big disadvantage – their price. That’s why the steel takes first place in today’s race. However, it is on the edge of its capabilities, current steel technology is pushing the limits of what it can do. Is there a way out?
David Paratore, president and CEO of NanoSteel says his company has developed a new steel which is stronger yet easier to form than conventional automotive steel. The new alloy can be made using conventional steel processes and no new welding techniques or machines are needed. Add to it Paratore’s words about weight-reduction "We're not talking about saving grams. We're talking about saving kilograms. Maybe hundreds of pounds in a car."


The new technology is not something mystical what we are not going to see. Soon, it will become an everyday-reality. To make it true, General Motors and its investment subsidiary, GM Ventures, have become interested in the technology, what have gotten their investments too.
Jon Lauckner, GM's Chief Technology Officer, Vice President of Global R&D and President of GM Ventures LLC says: "We are investing in NanoSteel because of the opportunity associated with their new steel alloy technology. Over the next several years, light-weighting of vehicles will be a major focus area to improve fuel economy. NanoSteel's nano-structured alloys offer unique material characteristics that are not available today, making them a potential game-changer."

Here I have a quick synopsis of what NanoSteel's product is and does. Besides, there is an official Press Release for you.

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