Last $0.88 USD
Change Today -0.02 / -2.22%
Volume 328.5K
ABKI On Other Exchanges
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OTC US
As of 3:55 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

2665 South Bayshore Drive

Suite 450

Miami, FL 33133

United States

Phone: 786-206-5368

Fax:

Abakan Inc., through its subsidiary, MesoCoat, Inc. (MesoCoat), designs, develops, manufactures, and markets nanocomposite materials, fabricated metal products, metal composites, and reactive materials for applications in the oil and gas, petrochemical, mining, aerospace and defense, energy, infrastructure and processing industries. The company’s technology portfolio includes high-speed, large-area metal cladding technology, long-life nanocomposite anti-corrosion and-wear coating materials, high-strength, lightweight metal composites, and energetic materials. Its operations are conducted through a subsidiary, MesoCoat, Inc. (MesoCoat) and an affiliate, Powdermet, Inc. (Powdermet). MesoCoat MesoCoat operates as a materials science company addressing specific industry needs related to conventional oil and gas, oil sands, mining, aerospace, defense, infrastructure, and shipbuilding. MesoCoat has licensed and developed a proprietary metal cladding application process, as well as advanced nano-composite coating materials that combine corrosion and wear resistant alloys, and nano-engineered cermet materials with proprietary high-speed coating or cladding application systems. Ten of MesoCoat’s products (3 Corrosion Resistant Alloy (CRA) materials (625,825, 316L), 3 Wear Resistant Alloy (WRA) material. (Tungsten Carbide (WC), Chrome Carbide (CRC), Structurally Amorphous Metal (SAM) Alloys) and 3 PComP product families (PComPT, PComP S and PComP M) are undergoing extensive testing by oil and gas majors, pipe manufacturers, oil field equipment manufacturing and service companies, original equipment manufacturers (OEMs) and other end users. MesoCoat’s commercial revenues include sales of the PComP powder and thermal spray applications. The company also generates revenue from grants that are awarded to further the development of various products. PComP is a family of nanocomposite cermet coating materials that are used to impart wear and corrosion resistance, and to restore dimensions, of worn metal components. CermaClad clad products are in the development and qualification stage and are nearing commercialization, including the cladding of the inside of a full length pipe for the oil and gas industries. The CermaClad clad steel product lines under development include the following: CermaClad CRA (Corrosion Resistant Alloys): 1-4mm thick CRA clad steel that offers an alternative to solid nickel, stainless steel, and titanium alloys for oil and gas, mining, desalination, pulp and paper, and chemical process. CermaClad WR (Wear Resistant): 1-15mm thick carbide, metal matrix composite, structurally amorphous metal, and nanocomposite wear resistant clad steel that extends the life of steel structures, such as hydrotransport slurry lines, pump components, valve components, spools, T’s, and elbows for oil sands, heavy oil, mining and mineral processing. CermaClad HT (High Temperature): Steel clad with nickel-chromium and metal-chromium-aluminum alloys for high temperature applications such as heat exchanger tubing, boiler waterwalls, and other energy production components offering compositional control (higher performance) and lower cost than solid alloys or traditional weld overlays. CermaClad LT (Low Thickness): Lower cost thin-clad steel that exploits the unique high purity capabilities of the HDIR application process to provide thin (less than 0.5mm) claddings that provide 50-200 year corrosion free life in atmospheric and seawater corrosion environments. MesoCoat’s exclusive patent license agreement with UT-Battelle LLC: MesoCoat has obtained a two stage, exclusive license from UT-Battelle, LLC to utilize two patents in its processes to develop products for wear and corrosion applications. Powdermet Powdermet’s advanced materials include energy absorbing ultra-lightweight syntactic- and nano-composite metals in addition to the PComP nanocomposite cermets exclusively licensed to MesoCoat. MesoCoat’s product focuses on developing advanced cermets to address corrosion and wear coating needs. Powdermet has four materials solution families under development: SComP: It is a family of syntac

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