Abakan's CermaClad Awarded "Innovation of the Year" by NACE International
03/18/2014 - Abakan Inc. announced that its 72% owned subsidiary, MesoCoat, Inc. has received the highly prestigious 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 that extends the useful life of metal assets while significantly reducing associated maintenance and downtime costs. CermaClad™ technology utilizes a high-intensity arc lamp to rapidly fuse protective, proprietary cladding materials onto the internal surface of steel pipe and tube.
Abakan CEO, Robert Miller, stated, "Our goal is to improve the useful life of metals beyond current cladding technology standards. It's common knowledge that corrosion is the number one limiting factor in the life of metals. CermaClad anti-corrosion and anti-wear cladding technology represents a revolutionary advancement in corrosion prevention and mitigation technologies because it can produce an exceptional product at a lower cost and a fraction of the manufacturing time of competing technologies. In short, it is a significantly better, cheaper and faster alternative to current industry standards."
"It is extremely motivating for our team to see the world's preeminent corrosion association honoring CermaClad(TM) technology as the top anti-corrosion coatings technology available today," continued Mr. Miller. "This award, along with several others received for CermaClad, coupled with the support we've received from many Oil and Gas majors and some of the world's largest offshore pipe manufacturers provide further validation for the enormous potential of our technology. We're thrilled to be recognized with this highly-esteemed award."
At US$2.2 trillion, the annual cost of corrosion worldwide is over 3% of the world's GDP, not to mention the estimated 1.8 tons of CO2 emitted by each ton of steel produced. "Since the mid-20th century, there has been almost no innovation in metal cladding. The limitations of current technologies led MesoCoat to develop a solution to address this large and growing market. Imagine the possibilities of steel assets that last 3 to 6 times longer than what are available today. It will lead to a paradigm shift in metal asset protection and life extension and make a significant impact in almost every industry," concluded Mr. Miller.
Abakan develops, manufactures, and markets advanced nanocomposite materials, innovative fabricated metal products and highly engineered metal composites for applications in the oil and gas, petrochemical, mining, aerospace and defense, energy, infrastructure and processing industries. Abakan's technology portfolio currently includes high-speed, large-area metal cladding technology; long-life nanocomposite anti-corrosion and wear coating materials.
Abakan CEO, Robert Miller, stated, "Our goal is to improve the useful life of metals beyond current cladding technology standards. It's common knowledge that corrosion is the number one limiting factor in the life of metals. CermaClad anti-corrosion and anti-wear cladding technology represents a revolutionary advancement in corrosion prevention and mitigation technologies because it can produce an exceptional product at a lower cost and a fraction of the manufacturing time of competing technologies. In short, it is a significantly better, cheaper and faster alternative to current industry standards."
"It is extremely motivating for our team to see the world's preeminent corrosion association honoring CermaClad(TM) technology as the top anti-corrosion coatings technology available today," continued Mr. Miller. "This award, along with several others received for CermaClad, coupled with the support we've received from many Oil and Gas majors and some of the world's largest offshore pipe manufacturers provide further validation for the enormous potential of our technology. We're thrilled to be recognized with this highly-esteemed award."
At US$2.2 trillion, the annual cost of corrosion worldwide is over 3% of the world's GDP, not to mention the estimated 1.8 tons of CO2 emitted by each ton of steel produced. "Since the mid-20th century, there has been almost no innovation in metal cladding. The limitations of current technologies led MesoCoat to develop a solution to address this large and growing market. Imagine the possibilities of steel assets that last 3 to 6 times longer than what are available today. It will lead to a paradigm shift in metal asset protection and life extension and make a significant impact in almost every industry," concluded Mr. Miller.
Abakan develops, manufactures, and markets advanced nanocomposite materials, innovative fabricated metal products and highly engineered metal composites for applications in the oil and gas, petrochemical, mining, aerospace and defense, energy, infrastructure and processing industries. Abakan's technology portfolio currently includes high-speed, large-area metal cladding technology; long-life nanocomposite anti-corrosion and wear coating materials.
