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.
Abakan
MIAMI (March 13, 2014) – Abakan Inc. announced that its 72 percent owned subsidiary, MesoCoat, Inc. has received the National Association of Corrosion Engineers (NACE) Materials Performance (MP) Corrosion Innovation of the Year Award in the Coatings and Linings category. The award was conferred upon MesoCoat's CermaClad high-speed, large-area, metal cladding technology.