MesoCoat announces cooperation agreement with Petrobras
Article Type: Industrial news From: Anti-Corrosion Methods and Materials, Volume 58, Issue 3
Abakan Inc. (OTCQB:ABKI) (“Abakan”) announced that MesoCoat, Inc.,a portfolio company, has signed a Cooperation Agreement with Petroleo Brasileiro S.A. (Petrobras), to develop and qualify MesoCoat’s CermaClad’s process for the application of corrosion resistant alloys to the internal and external surfaces of pipes using proprietary high-density infrared lamp technology. It is in the interest of both Petrobras and MesoCoat to promote such activities.
Abakan invests in companies that develop transformational surface modification solutions and technologies. Current portfolio investments include two Ohio-based companies, MesoCoat, Inc. and Powdermet Inc. MesoCoat is fast becoming a world leader in metal protection and repair through their “long life” cermet coatings and “high-speed” metallurgical cladding technologies. MesoCoat’s solutions have already been the recipient of three prestigious R&D 100 awards, a Technology Innovation Program Award for 100-year life coatings by the National Institute of Standards and Technology,and the NorTech Innovation Award for high-performance environmentally friendly coating materials. Powdermet’s Nanomaterials Research and Manufacturing Centre is the go-to-research centre for US Government agencies seeking expertise in high-end ceramic and nanotechnology metal segments. They are currently developing two market solutions including next generation materials that have three to five times the strength and hardness of current metal alloys as well as light weight, energy-absorbing materials.
More information is available from: www.abakaninc.com/
