In addition to the article in wired, there was a link to another article focused on new ways of developing materials -- in general, not just steel.
Questek isn't in the knife making business. They are essentially attempting to prove that appropriate computer programming, can bypass the experimental phase of new product development, to a large extent. They have thus far, come up with 3 new steel alloys from their program, that supposedly looks at all the elements frequently used in steel, and at various heat treating schemes, etc., and the program has given them 3 formulas.
One of the articles said something to the effect that the formula and heat treating process somehow migrates the hard carbides to the surface of the metal, while leaving the inside softer. This supposedly enables them to make an extremely hard steel, which remains ductile.
One of their chief goals in what they're doing is to create a steel so good that parts -- gears and the like -- can be made much smaller than they are now. They said they can't make a lighter steel, but if they can make small parts they can cut a great deal of weight.
It isn't stated flatly, but it seems obvious that the ability to avoid research which is primarily based upon experimentation, allows them to bring a new product to market much more quickly than is usual, and presumably, cheaper as well. I for one would welcome a new "super steel" for cutlery that doesn't approach gold in its cost.
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