Nanotechnology Now - Press Release: "Cheaper, Faster, Better Nanocomposite Material and Fusion Cladding"

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Abstract:
MesoCoat, Inc. has announced the development of a nanocomposite material and fusion cladding technology, capable of operating at elevated temperatures in high wear and corrosive environments.

Cheaper, Faster, Better Nanocomposite Material and Fusion Cladding

Euclid, OH | Posted on August 19th, 2010

MesoCoat, Inc. has announced the development of a nanocomposite material and fusion cladding technology, capable of operating at elevated temperatures in high wear and corrosive environments, thereby eliminating the high temperature wear and corrosion that currently bar the ability to reach energy reserves. MesoCoat claims that their technology solution is a cheaper, faster, and better alternative to current wear and corrosion resistant materials and processes used in the oil and energy industries. MesoCoat has optimized the technology to outperform standard processes and to withstand high wear and corrosive environments at elevated temperatures.

For the past two years, MesoCoat, Inc. has been developing clad materials for oil and energy applications that they claim can clad metals faster and with a true metallurgical bond in excess of 75,000 psi. The nanocomposite fusion cladding technology can be applied at a rate 5-60X faster than standard processes, depending on the application.

MesoCoat's nanocomposite fusion cladding technology was chose over several strong competitors to win a $1 million Small Business Innovation Research (SBIR) Phase II contract from the Department of Energy (DOE). With this award, MesoCoat will complete development and validation testing of the technology, leading to commercial availability of the reduced cost, increased efficiency nanocomposite fusion cladding technology within the next two years.

Andrew Sherman (CEO, MesoCoat, Inc.) stated, "Metal cladding is more than a $3 billion industry, and the metal cladding market has been further validated by investments of approximately $1 billion to build metal cladding facilities in the Middle East and the USA in the past two years.

The major players in the metal cladding arena are based outside the US, and the funds from this project along with MesoCoat's wide technology portfolio would enable the US to become a world leader in metal cladding. MesoCoat is actively seeking alpha and beta verification and testing partners, as well as value chain partners in the oil and energy industries who can benefit from the availability of the nanocomposite fusion cladding technology."

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About MesoCoat
MesoCoat, Inc. is an Ohio based surface engineering company that is uniquely positioned to capture the mantle of leadership in metal asset protection and life extension; through their revolutionary ‘long life’ coatings and ‘high speed' cladding application technologies. The company and the core technologies for the ceramic-metallic products and high speed cladding have already been the recipient of three prestigious R&D 100 awards, a Technology Innovation Award (TIP) for 100 year life coatings by the National Institute of Standards and Technology (NIST), and the NorTech Innovation Award for developing high performance environmentally friendly coating materials.

Partnering with the Departments of Defense and Energy as well as some of the biggest names in Oil & Gas, Aerospace and Maritime; MesoCoat has developed high strength, high toughness ceramic-metallic materials with unparalleled wear and corrosion resistance. MesoCoat is taking significant strides to own the title of "Best in Class" for corrosion, wear, and erosion protection in the industrial, commercial, defense and infrastructure sectors. Significant advantages in base material protection, service life, application efficiency and total cost of ownership provide an arsenal of market levers that will be difficult for competitors to match. MesoCoat is now commercializing several of their products that are a direct replacement for chrome plating, tungsten carbide, and other carbide coatings into several industries addressing the needs of both Original Equipment Manufacturers (OEM) and Maintenance and Repair Organizations (MRO). MesoCoat, Inc.is a JumpStart, Inc. and Abakan, Inc. Portfolio Company.

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Contacts:
Anupam Ghildyal
Phone: 2164530866
Fax: 2164040054

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