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MesoCoat’s metal coating technology earmarked for NASA funding and oil and gas application

29th May 2014

Abakan has announced that its majority owned subsidiary, MesoCoat, has had two separate advanced coatings and metal formulation technology proposals - suitable for use in the oil and gas industry - selected for commercialisation funding by NASA

MesoCoat’s metal coating technology earmarked for NASA funding and use in the oil and gas sector
Self-lubricating and heat-resistant coatings have a wide variety of applications in the oil and gas, petrochemical, power and infrastructure industries

The NASA funding will enable MesoCoat to advance the development of two of its coatings. An advanced coating that self-lubricate to minimize friction and wear in extreme environments, and an advanced nanocomposite coating that can withstand extreme heat and facilitate high heat transfer for an extended period of time.

The funding will also allow MesoCoat's to scale-up its commercialisation efforts and continue the development of its product portfolio.

“This funding further strengthens MesoCoat's relationship with NASA in developing and commercializing ground breaking material science solutions,” said Robert Miller, Abakan's CEO. “The bigger picture is that the self-lubricating and heat-resistant coatings we expect to develop with this funding will not be limited to aerospace and nuclear uses but will include a wide variety of applications in the oil and gas, petrochemical, power and infrastructure industries, since friction wear and heat conservation is a major problem for several industries.

“Based on best estimates guided by research reports, published information, and independent research, the combined market for self-lubricating coatings and heat-resistant coatings is estimated to be approximately USD 500m annually."

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