This follows the company’s appointment of Paul Geck to its advisory board, as part of NanoSteel’s bid to bolster its growth in the automotive structures industry.

“I have been deeply impressed with NanoSteel’s progress in sheet steel materials design,” Lutz said. “The company’s innovative approach has the potential to offer the most natural progression for automakers to stick with their most trusted material – steel – and at the same time enjoy exceptional properties that support the design of next-generation, fuel-efficient vehicles.

Additionally,the use of NanoSteel’s breakthrough AHSS could drive efficiencies across the supply chain by leveraging existing steel infrastructure and parts production.”

Bob Lutz has worked for nearly 50 years as a top executive in the global auto industry. Most recently, Lutz was vice chairman of global product development at the General Motors Corporation and president of the Chrysler Corporation. Lutz also held executive positions at the Ford Motor Company and BMW.

 “The appointment of Bob to our board of directors is extraordinarily positive for NanoSteel,” said David Paratore, the company’s president and CEO. “Bob’s commitment to the company is a testament to the unique opportunity that our nano-structured sheet steel solutions will bring to the automotive industry. Bob’s leadership in auto innovation is unparalleled and there is not a more proven leader today to help us propel our growth in automotive and hone our strategy moving forward.”