Nanotechnology Now

Our NanoNews Digest Sponsors

Heifer International

Wikipedia Affiliate Button

Home > Press > The U.S. Army Features MesoCoat, an Abakan Portfolio Company, among the Best in Achieving Early Commercialization Efforts

Abstract:
Abakan Inc.'s management is pleased to announce that the U.S. Army has recognized MesoCoat, Inc., an Abakan portfolio company, as one of the most successful companies in the Small Business Innovation Research (SBIR) program.

The U.S. Army Features MesoCoat, an Abakan Portfolio Company, among the Best in Achieving Early Commercialization Efforts

Miami, FL | Posted on September 22nd, 2010

SBIR was established by Congress to provide small businesses and research institutions with opportunities to participate in government sponsored research and development. Success within the SBIR program is measured over three highly competitive phases selecting the best companies and teams developing and commercializing cutting edge technologies. MesoCoat has been singled out among SBIR awardees as an SBIR success story for its progress in attracting funding and customers from the private sector and non-SBIR government sources to transition its PComP(TM) nanocomposite cermet coating technology into viable commercial products and savings for the U.S. Department of Defense (DoD).

The U.S. Military spends an estimated $40 billion each year to address wear and corrosion issues associated with military equipment. Consequently, the U.S. Army, along with other branches of the U.S. military, is constantly searching for investment opportunities in the best new material science solutions. "Our investment in MesoCoat is further validated by the U.S. Army report which expressed considerable interest in the PComP(TM) nano-composite spray powder product line," according to Robert Miller, Abakan's CEO. "The Department of Defense could represent a multibillion dollar market for the application of MesoCoat products."

"Coating solutions provided by MesoCoat's technology would
directly reduce the cost of corrosion. MesoCoat's PComP(TM)
technology can enhance wear and corrosion resistance, along with
reducing spallation in a variety of applications including
aircraft materials, landing gears, rail guns, bearings, military
vehicles, and ship structures. The nanocomposite materials will
replace chrome plating for repairing F-22, F-15, F-16, and F-35
aircraft since DoD has restricted use of chrome plating and no
acceptable substitute exists for joint fighters. Funds from a DoD
program to develop thermal barrier and chrome replacement coatings
have assisted MesoCoat with the development of environmentally
safe, superior performance coatings that would eliminate the use
of toxic and carcinogenic compounds and processes currently being
used for coating many metal structures."
Source: US ARMY SBIR
Commercialization Brochure

(armysbir.army.mil/docs/pdf/sucess_stories/SBIR_0410_CommercializationBrochure_Final_Single.pdf)

The PComP(TM) nano-composite cermet thermal spray coating product line is intended to replace chrome plating for repairing and extending the service life of F-22, F-15, F-16 and F-35 aircraft and other DoD systems as the use of chrome plating has been restricted. MesoCoat is currently working with the Air Forces' Propulsion Environmental Working Group, General Dynamics, and others to speed transition of the DoD to the higher performance, higher productivity PComP(TM) alternative. Andrew Sherman, MesoCoat's CEO stated that "The Department of Defense and commercial industry now have a replacement for hexavalent chromium that is affordable, very environmentally friendly, and superior to the materials it replaces."

Concern over the use of hazardous materials has led to legislation related to the use of certain toxic materials, including chrome plating. The hexavalent chrome replacement market by itself represents a $3 billion plus market opportunity for firms armed with acceptable alternatives. According to Curtis Glasgow, GM of MesoCoat's PComP(TM) product line, "Companies not only have to be able to engineer new materials with appropriate properties that meet testing criteria to replace hexavalent chrome, they also have to be able to apply that material to part surfaces. We have spent the last year building and refining that capability to deliver a superior yet cost-effective product to the market place."

Forward Looking Statements

A number of statements contained in this press release are forward-looking statements. These forward-looking statements involve a number of risks and uncertainties including technological obsolescence, market acceptance of future products, competitive market conditions, and the sufficiency of capital resources. The actual results Abakan may achieve could differ materially from any forward-looking statements due to such risks and uncertainties. Abakan encourages the public to read the information provided here in conjunction with its most recent filings on Form 10-K and Form 10-Q. Abakan's public filings may be viewed at www.sec.gov.

####

About Abakan
Abakan Inc. is a publicly traded company (symbol ABKI) which invests in and manages companies that have developed transformational surface modification solutions and technologies. Miami based, they are now the single largest shareholder in MesoCoat, an Ohio based nanotechnology materials science company, is fast becoming a world leader in metal protection and repair through their revolutionary "long life" coating and "high speed" cladding technologies. MesoCoat's solutions have already been the recipient of three prestigious R&D 100 awards, a Technology Innovation Program Award (TIP) for 100 year life coatings by the National Institute of Standards and Technology (NIST), and the NorTech Innovation Award for high performance environmentally friendly coating materials.

For more information, please click here

Contacts:
Robert Miller
Chief Executive Officer
786-206-5368

Copyright © Abakan

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

Strem Chemicals and Dotz Nano Ltd. Sign Distribution Agreement for Graphene Quantum Dots Collaboration February 21st, 2017

Oxford Instruments announces Dr Brad Ramshaw of Cornell University, as winner of the 2017 Lee Osheroff Richardson Science Prize February 20th, 2017

Nominations Invited for $250,000 Kabiller Prize in Nanoscience: Major international prize recognizes a visionary nanotechnology researcher February 20th, 2017

Breakthrough with a chain of gold atoms: In the field of nanoscience, an international team of physicists with participants from Konstanz has achieved a breakthrough in understanding heat transport February 20th, 2017

Products

STMicroelectronics Peps Up Booming Social-Fitness Scene with Smart Motion Sensors for Better Accuracy, Longer Battery Life, and Faster Time to Market January 2nd, 2017

Cutting-edge nanotechnologies are breaking into industries November 18th, 2016

STMicroelectronics’ Semiconductor Chips Contribute to Connected Toothbrush from Oral-B That Sees What You Don’t: Microcontroller and Accelerometer help brushers clean their teeth more effectively October 4th, 2016

Particle Works launches range of high quality magnetic nanoparticles August 31st, 2016

Govt.-Legislation/Regulation/Funding/Policy

'Lossless' metamaterial could boost efficiency of lasers and other light-based devices February 20th, 2017

Engineers shrink microscope to dime-sized device February 17th, 2017

Francis Alexander Named Deputy Director of Brookhaven Lab's Computational Science Initiative February 16th, 2017

Good vibrations help reveal molecular details: Rice University scientists combine disciplines to pinpoint small structures in unlabeled molecules February 15th, 2017

Announcements

Strem Chemicals and Dotz Nano Ltd. Sign Distribution Agreement for Graphene Quantum Dots Collaboration February 21st, 2017

Oxford Instruments announces Dr Brad Ramshaw of Cornell University, as winner of the 2017 Lee Osheroff Richardson Science Prize February 20th, 2017

Nominations Invited for $250,000 Kabiller Prize in Nanoscience: Major international prize recognizes a visionary nanotechnology researcher February 20th, 2017

Breakthrough with a chain of gold atoms: In the field of nanoscience, an international team of physicists with participants from Konstanz has achieved a breakthrough in understanding heat transport February 20th, 2017

Military

'Lossless' metamaterial could boost efficiency of lasers and other light-based devices February 20th, 2017

Engineers shrink microscope to dime-sized device February 17th, 2017

Graphene foam gets big and tough: Rice University's nanotube-reinforced material can be shaped, is highly conductive February 13th, 2017

Meta-lenses bring benchtop performance to small, hand-held spectrometer: Game-changing nanostructure-based lenses allow smaller devices, increased functionality February 9th, 2017

NanoNews-Digest
The latest news from around the world, FREE



  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More











ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project