MesoCoat to Work With Nation's Top Organization for Materials Joining and
MIAMI, April 17, 2013 (GLOBE NEWSWIRE) -- Abakan Inc. (OTCQB: ABKI)
("Abakan"), an emerging leader in the advanced coatings and metal formulations
markets, today announced that its subsidiary MesoCoat has engaged EWI, the
world leader in welding and allied technologies, to accelerate manufacturing
scale-up of its CermaClad™ clad pipes. EWI will bring its world-renowned
expertise to the project and provide simulation and controls development
services to support the development of manufacturing process specifications
and non-destructive testing procedures, followed by bimetallic pipe welding
and joining process qualification.
"This project is the latest in a series of initiatives aimed at engaging
leading experts and organizations around the world in the surface engineering
and materials science industry," said Robert Miller, CEO of Abakan Inc. "Last
month, we added Dr. Damian Kotecki to our team, who is considered by many to
be the leading authority on welding, while EWI is North America's top
developer of materials joining and additive manufacturing technology. Engaging
EWI to support development of the CermaClad™ large-area fusion cladding
technology enables us to tap into their incredible talent pool and knowledge
base to help Abakan continue to be on the forefront of science and innovation
for the foreseeable future."
The CermaClad™ high-speed large-area clad pipe technology produces a superior
metallurgical clad pipe product for the oil and gas industry, where the
availability of metallurgical clad pipes and the associated lead time have
been a barrier to the development of oil and gas reserves around the world.
The technology uses a high intensity plasma light source – a "mini-sun" -- to
rapidly fuse anti-corrosion and anti-wear materials to large areas of steel,
including pipes. MesoCoat's process offers 40 times higher productivity
compared to current metallurgical cladding technologies and it enables a three
to six times longer life for metal assets and improved metallurgical and
mechanical properties at the lowest lifecycle cost. CermaClad™ offers on-time
delivery and up to 80 percent reduction in lead times for seamless,
metallurgically clad pipes at costs lower than those of competing
EWI develops and applies technology innovation within the manufacturing
industry. Since the early 1980s, the company has helped manufacturers in the
aerospace, automotive, government/defense, heavy manufacturing, consumer
products, light industrial, energy and rail industry sectors improve
operational efficiencies through the development of innovative materials and
EWI also operates a number of centers and consortia that act as hubs for the
advancement of specific technologies and industries, all of which are designed
to improve public-private collaboration, strengthen U.S. manufacturing supply
chains and make U.S. manufacturers more competitive on a global scale. The
consortia include the Additive Manufacturing Consortium, EWI Defense Center,
EWI Nuclear Fabrication Center, EWI Rail Manufacturing Technology Center and
EWI Forming Center.
About Abakan Inc.
Abakan develops, manufactures, and markets advanced nanocomposite materials,
innovative fabricated metal products and highly engineered metal composites
for applications in the oil and gas, petrochemical, mining, aerospace and
defense, energy, infrastructure and processing industries. Abakan's technology
portfolio currently includes high-speed, large-area metal cladding technology;
long-life nanocomposite anti-corrosion and-wear coating materials; and
high-strength, lightweight metal composites. Abakan's products have
demonstrated longer life, higher productivity and extremely high
strength-to-weight ratios compared to competing technologies. The Abakan group
of companies have been honored by The Wall Street Journal for being#1 in
Manufacturing Innovation across the globe, by Pipeline Industries Guild as the
Top Subsea Pipeline Technology, by Forbes as the #1 Most Promising Material
Science Company in the United States and has received numerous other trade,
industry and technology awards including 5 R&D 100 Awards and a Technology
Innovation Award from National Institute of Standards and Technology. Over $50
million has been invested in product development and testing by federal
agencies, national labs, and our companies in order to deliver products that
offer improved performance over the current state of art. Abakan has
successfully introduced its metal coatings for metal asset protection and
life-extension in the oil and gas and mining industries, and is currently
focusing on the scale-up and commercialization of its highly-disruptive metal
cladding products for the oil and gas, oil sands, mining, and chemical
industries. Abakan currently operates from multiple locations in United States
and Canada, and intends to expand global operations in South America, Canada,
Middle East, and Asia-Pacific.
Forward Looking Statements
A number of statements contained in this press release are forward-looking
statements. These forward looking statements involve a number of risks and
uncertainties including technological obsolescence, market acceptance of
future products, competitive market conditions, and the sufficiency of capital
resources. The actual results Abakan may achieve could differ materially from
any forward-looking statements due to such risks and uncertainties. Abakan
encourages the public to read the information provided here in conjunction
with its most recent filings on Form 10-K and Form 10-Q. Abakan's public
filings may be viewed at www.sec.gov.
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CONTACT: Abakan Inc.
Robert Miller, Chief Executive Officer
RedChip Companies for Abakan Inc.
407-644-4256 ext. 110
Antenna Group for Abakan Inc.
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