Breakthrough anti-rust coating could net startup Tesla Nanocoatings $55 million

Story excerpt provided by Crain’s Cleveland Business.

Written by Chuck Soder.

The U.S. military believes that a Northeast Ohio company has discovered a cheap way to keep rust at bay.

And so does a huge South Korean conglomerate called SK Holdings, which plans to invest $55 million in Tesla NanoCoatings over several years.

Todd Hawkins obviously agrees with them.

He founded the North Canton company, which has created what could be a significantly better way to protect structural steel from corrosion.

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Originally published August 24, 2015.