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Oshkosh Corporation announced today that the National Institute of Standards and Technology (NIST) has awarded research funding to the joint-development team on which Oshkosh is a member. The Technology Innovation Program (TIP) funding is projected to be nearly $5M over a 5-year duration. With the team providing in-kind contribution of engineering resources, the project's total value is approximately $10M.

The goal of this project is to produce lighter weight metal castings of aluminum and magnesium that will have the strength of cast steel for commercial-scale production. Through NIST's funding of this project, Oshkosh and its partners can explore the use of nanocomposites beyond their current use in simple, uncomplicated moldings into larger, more complex metal castings. The work will expand on laboratory tests conducted by the team's project leader, the University of Wisconsin-Madison.

Read the full story at tradingmarkets.com.

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