February 27, 2015 5:59 PM ET

Metals and Mining

Company Overview of MesoCoat, Inc.

Company Overview

MesoCoat, Inc. operates as a nanotechnology materials science company that develops and provides wear and corrosion solutions using surface engineering technologies. It offers metallurgical cladding products made from corrosion resistant alloys and stainless steel; cladding products made from wear resistant materials, such as chromium carbide and tungsten carbide; low thickness clad products made from corrosion resistant materials, such as stainless steel and aluminum; and heat resistant aluminide and nickel alloy cladding products. The company also offers coating products, such as particulate composite powders, as well as thermal spray coating services using particulate composite powders. I...

24112 Rockwell Drive

Euclid, OH 44117-1252

United States

Founded in 2007

Phone:

216-453-0866

Fax:

216-404-0054

Key Executives for MesoCoat, Inc.

Chief Executive Officer and Director
Age: 71
Chief Operating Officer
Director and Chief Executive Officer of Abakan Inc
Age: 61
Head of R&D
Chief Technology Officer
Compensation as of Fiscal Year 2014.

MesoCoat, Inc. Key Developments

MesoCoat, Inc. and Oak Ridge National Laboratory Receives to Develop CermaClad(TM) Arc Lamp Applications

MesoCoat, Inc. along with Oak Ridge National Laboratory (ORNL), have been awarded $1 Million by the Department of Energy (DOE) to develop a process to join dissimilar metal alloys. The award will be shared equally.

MesoCoat, Inc. Wins $150,000 Order from the National Institute of Health

MesoCoat, Inc. has won a $150,000 SBIR (Small Business Innovation Research), award from the National Institute of Health (NIH) to develop antimicrobial coatings using its high-speed large-area metal cladding technology CermaClad(TM).

Abakan, Inc. and Mesocoat, Inc. Enters into Loan and Exchange Agreement with Kyrtos Limited

On October 30, 2013, Abakan Inc. and its majority owned subsidiary MesoCoat, Inc. entered into a Loan and Exchange Agreement with Kyrtos Limited (Kyrtos). The terms of the Agreement provide that MesoCoat issue two secured promissory notes to Kyrtos in the aggregate amount of $769,000, in exchange for $580,000 plus accrued interest due from Abakan to an affiliate of Kyrtos, and $180,000 due from MesoCoat to Kyrtos. The Agreement also provides for additional loans from Kyrtos to MesoCoat over the next three months in the aggregate amount of $540,000. The secured promissory notes, regardless of issue date, accrue interest at 5% per annum and mature on April 29, 2014.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
June 3, 2014
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