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MIAMI (June 2, 2014) – Abakan Inc. announced that it has increased its ownership position in its majority owned subsidiary, MesoCoat Inc., to a 87.5 percent direct and 89.9 percent direct and indirect ownership. The increase is the result of converting an additional $6.2 million in MesoCoat investment into equity and exchanging 21 percent of ownership in Powdermet for 65.3 percent of Powdermet’s shares of MesoCoat.

NEW YORK (June 2, 2014) – RWL Water Group changed its name to RWL Water, effective June 1. The subtle change eliminates the word “Group” from the official name in order to signify its emphasis on operating as a singular global water solutions company. All of RWL Water’s portfolio companies (formerly known as Nirosoft Industries Ltd, AEROMIX Systems Inc., Eurotec WTT S.r.l. and Unitek S.A.) will do business as RWL Water.