Word: inmate
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Dates: during 2002-2002
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Physicist Harris Goldberg wants to revolutionize the $1 billion tire-sealant business, but until that goal is realized, he will settle for tennis balls. InMat, Goldberg's seven-employee company in Hillsborough, N.J., regularly ships to Wilson Sporting Goods 55-gal. drums filled with an environmentally safe liquid containing 1-nm-thick sheets of clay. When the material coats the inside of a tennis ball, it traps air far more effectively than standard rubber alone and doubles the life of the ball. Wilson's Double Core, which made its debut more than a year ago, sells at a premium...
...InMat will take in just $250,000 this year, but Goldberg expects to double that figure in each of the next few years, largely on tennis-ball business. Meanwhile, he is working to convince tire manufacturers that by sealing their wheels with his technology instead of butyl rubber, the current sealant, they can produce tires that run cooler and safer, are lighter and increase a car's fuel efficiency. The U.S. Army has asked InMat to develop gloves that will protect soldiers from chemical agents. Goldberg's funding has come mostly from an angel investor and grants, which means...
...crystals, not the wire or motion. MacGregor compares his product to $40-to-$100 small motors made by potential competitor RMB, of Biel-Bienne, Switzerland. Hasbro, a major investor in MacGregor's start-up, expects to deliver its first nano-powered toys by Christmas 2003. NanoMuscle's challenge, like InMat's, will be to stay afloat long enough to sign companies on as clients...
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