Businessweek

etals 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 syntactic metal composites known for their light weight properties and ability to absorb impact energy than any other known material. MComP: It is a family of hierarchically structured, rare earth free, nanocomposite metal and metal matrix composites that provide higher strength and temperature capability compared to traditional aluminium and magnesium allows. MComP is designed to be a market replacement for beryllium, aluminum and magnesium in structural applications. EnComP: It is a diverse family of nano-engineered particle based solutions for energy storage. Developments include record setting energy density nanoparticle filled films for capacitors, structured nanocomposite anode and cathode materials for thermal and lithium ion batteries, and inflatable hydrogen storage media capable of energizing power fuel cells down to - 34C. SynFoam: It is a family of structural, thermally insulating syntactic ceramic composites. Applications include rocket propulsion and re-entry vehicle systems, and structural insulation for high temperature energy production and use, including flowlines and heat treatment furnaces. Powdermet’s two developmental products closest to commercialization are SynFoam and EnComP. Powdermet also produces custom-engineered powders and nanopowders, provides advanced materials contract research and development services, and derives revenues from tolls and contract development and manufacturing services. AMP Distributors Inc. (AMP) AMP was formed by the company in 2011 as a Cayman Island company for the primary purpose of negotiating, executing and administrating international sales of MesoCoat's products. Patents MesoCoat's patents include one non-exclusively licensed patent, which remains in place until February 21, 2016; six exclusively licensed patents from Powdermet, the earliest of which expires May 30, 2020; two exclusively licensed patents from Oak Ridge National Laboratory, which expire on March 15, 2019 and July 30, 2024; and three pending U.S. Patents and two pending global patents, all of which expire in 2030 or after. Powdermet's patents include six U.S. Patents, which have expiry dates of May 30, 2020, December 7, 2020, July 12, 2022, August 22, 2022, April 6, 2025 and June 23, 2026; and a licensed patent from Ultramet Inc., which expires on February 21, 2016. History The company was founded in 2006. It was incorporated in the state of Nevada in 2006. The company was formerly known as Waste to Energy Group, Inc. and changed its name to Abakan, Inc.