NanoSteel and Praxair TAFA Execute Exclusive Distribution Contract

MAITLAND, Fla. (Thursday, January 27, 2005) - The NanoSteel® Company, an advanced nanomaterials company, today announced the consummation of an exclusive contract providing Praxair TAFA with sole access to NanoSteel’s patent-protected TWAS wire products.

“The NanoSteel/Praxair relationship is a tremendous opportunity for both companies,” said Michael Breitsameter, VP Sales and Marketing. “We look forward to working with the Praxair team on their twin wire arc spray needs and potentially identifying additional synergistic products.”

“The NanoSteel wires will be an exciting addition to Praxair’s existing line of arc spray wires,” said Amy Gray, U.S. Sales Manager, Praxair. “We are now able to offer the next generation of wear and corrosion resistant wires to an industry which continues to demand advanced coating properties and superior performance through innovation material solutions.”

Praxair, Inc. (NYSE PX) is a global, Fortune 500 company that supplies atmospheric, process and specialty gases, high-performance coatings, and related services and technologies. The company also designs, engineers and constructs cryogenic and non-cryogenic supply systems.  Praxair Surface Technologies is a subsidiary that applies metallic and ceramic coatings and powders to metal surfaces in order to resist wear, high temperatures and corrosion. For more information on Praxair visit www.praxair.com.

The NanoSteel Company is focused on providing next generation material solutions in nanostructured materials to mainstream end users. NanoSteel’s proprietary alloys cost effectively solve or alleviate many of the problems that have a destructive or costly impact on industry today, including wear, erosion, high temperature oxidation and corrosion. For more information about NanoSteel and its array of products and applications, please visit www.nanosteelco.com.