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Edit Business | Abakan Inc
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About Abakan is a publicly traded holding company that invests in surface engineering companies. (Symbol: ABKI) Story Abakan, Inc. was founded in 2006. Formerly known as Waste to Energy Group, Inc., the company changed its name to Abakan, Inc. in November 2009 and began conducting business in Miami, Florida under a different business strategy. The firm's primary activity is to acquire interests in and operate companies in the advanced industrial coatings and surface modification filed to take advantage of industrial firms' need for new and more complex wear and corrosion coatings. Impending legislation banning several toxic coating materials like hexavalent chrome presents an $8 billion market opportunity for coating innovators. Abakan recently acquired a 71.1% ownership stake of MesoCoat (51% direct, 21% indirect), and currently owns a 41% stake in Powdermet, Inc. Abakan strengthens both companies' management teams with distinguished industry experts. The firm now seeks to raise additional funds to propel growth of its portfolio companies. Portfolio Company 1: MesoCoat, Inc. MesoCoat, Inc. is a fast growing company positioning itself to become a world leader in metal protection and repair through their high speed metallurgical cladding technologies and long-life ceramic metal coatings (cermets). The firm has had over $35 million previously invested by various government entities like NASA, the US Departments of Defense, Energy and Transportation, Fortune 100 sponsors and private investment firms in the development of its market solutions. The firm's two primary solutions are CermaClad™ (advanced cladding process) and PComP™ (advanced corrosion and wear coatings). Find out more by visiting www.mesocoat.com. Portfolio Company 2: Powdermet, Inc. Whereas MesoCoat's product focus is on developing advanced "cermet coatings" and "fusion application technologies" to address corrosion and wear "coating needs" of clients, Powdermet Inc.'s market differentiation is based on their ability to build advanced nano-structured "metal formulations." They are currently developing four unique market solutions. Their next generation materials have 3 to 5 times the strength and hardness of current light metal alloys. A second market solution is a new energy-absorbing material which is expected to provide significant new benfits in the crash and ballistic/IED markets. From a material perspective, these energy absorbing materials have a 50% weight reduction and the ability to dissipate 500% more impact energy when compared to current aluminum alloys and foamed metals currently sold in the market. Their R&D program is protected by a full IP portfolio. Find out more by visiting www.powdermetinc.com Products CermaClad™ – Application Process CermaClad™ – Cladding Materials PComP™ – Coating Materials MComP™ – Micro/Nano Composite Metals SComP™ – Syntactic Composites ENComP™ SynFoam™ SComP™ Syntactic Composites
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