Metals and Mining
Company Overview of MesoCoat, Inc.
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
Founded in 2007
Key Executives for MesoCoat, Inc.
Chief Executive Officer and Director
Director and Chief Executive Officer of Abakan Inc
Compensation as of Fiscal Year 2014.
MesoCoat, Inc. Key Developments
Abakan, Inc. and Mesocoat, Inc. Enters into Loan and Exchange Agreement with Kyrtos Limited
Nov 8 13
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.
MesoCoat Appoints Richard J. Burns as its New Chief Operating Officer
Feb 5 13
Abakan Inc. announced that its subsidiary MesoCoat has appointed Richard J. Burns as its new Chief Operating Officer. Effective immediately, Mr. Burns will oversee all internal operations including building company infrastructure and developing a creative, high-performance corporate culture. Mr. Burns joins MesoCoat with more than two decades of executive and corporate leadership experience, managing strategic growth for a number of engineering materials companies across Asia, Europe, South America and Mexico. Prior to joining MesoCoat, Mr. Burns served as the Vice President and General Manager of North American Engineered Materials for PolyOne Corp.
MesoCoat to Launch First Full-Scale Pipe Cladding Facility in Euclid, Ohio
Dec 14 12
Abakan Inc. announced that MesoCoat is set to begin operations at its first full-scale pipe cladding facility in Euclid, Ohio. This event is both a critical turning point in the history of MesoCoat and a major step toward the market introduction of its CermaClad(TM) seamless, metallurgical bonded clad pipe. The facility, which is expected to be one of the clad pipe manufacturing facilities in the United States when it is fully operational, will manufacture corrosion-resistant alloy (CRA) clad pipe for the oil and gas industry using the company's patented and proprietary fusion cladding technology. The next milestones for the CermaClad product team are to bring the facility to operational status - expected to occur in January 2013 - and then to complete manufacturing scale-up demonstration with the production of the facility's first 12-meter clad pipe. Once demonstration is complete, it will be followed by qualification and certification of the pipe to industry standards, leading to market introduction and rollout expected before midyear. MesoCoat expects to gradually ramp up production while using the facility for both qualification and filling low rate initial production orders, with the one-line facility expected to ultimately produce up to 60 million dollars of clad pipe annually. This new ladding facility will help to meet the high demand in the oil and gas industry for corrosion-resistant clad pipe. An estimated 70% of the world's oil reserves consist of heavy, high sulfur, ‘sour’ crude, which will require large amounts of corrosion-resistant pipes to enable safe and efficient production. Driven by the increased amount of development of corrosive oil and gas fields, industry experts expect the annual market for corrosion-resistant clad pipe to increase significantly over the next three years. Clad steel products that the company can produce are also used in other industries, including oil sands, downstream petrochemicals, mining and mineral processing, desalination, and oil refining and processing.
Similar Private Companies By Industry
Recent Private Companies Transactions
June 3, 2014