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Exclusive Distribution Agreement between NanoSteel® and Grant Prideco for Hardbanding Material has ended

PROVIDENCE, R.I. Feb. 7, 2011

Dave Paratore

Over the past five years, more than 700 miles of drill pipe have been hardbanded with Platinum™ HB. To ensure customers continued access to the material, NanoSteel will now offer the product under the new NanoSteel trademark name Guardian™ HB. The product will remain unchanged from the original Platinum™ HB sold by Grant Prideco and may be purchased directly from NanoSteel.

http://www.nanosteelco.com/GuardianHB

Providence, R.I. www.nanosteelco.com [email protected]

For more information, contact:

Greg Nixon

The NanoSteel Company

272 West Exchange Street, Suite 300

Providence, Rhode Island 02903

(401) 270-3549, Ext. 161

[email protected]

SOURCE The NanoSteel Company

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