Abakan Inc. (OTCBB: ABKI) ("Abakan") has appointed Mr. Reginald Allen and Mr. Mario Medanic to its Board of Advisors to enhance its engineering and industry expertise. Both members will advise MesoCoat, Abakan's portfolio investment, on developing its corrosion solutions to address current market needs as well as help to negotiate contracts with buyers, suppliers and channel partners.
Reginald Allen
Mr. Allen's most recent position was as Chief Executive Officer of Vortek, a Canadian technology company that had developed the world's most powerful arc lamp. In 2004, Mr. Allen successfully sold Vortek to a public US semiconductor equipment manufacturer. Mr. Allen is considered a leading authority on applications of the focused arc lamp system that is employed by Abakan.
At Vortek, Mr. Allen assembled an international team of top-caliber staff and executed an ambitious business plan to commercialize the application of arc lamp technology in advanced semiconductor equipment manufacturing. Mr. Allen has over 30 years of experience working with engineering related solutions. We look forward to his involvement with Abakan.
Mario Medanic
Mr. Medanic's most recent position was as General Manager of Cladtek Bimetal Manufacturing, an Australian leader in the production of mechanically bonded bimetal and weld cladded CRA pipes. At Cladtek Mr. Medanic was instrumental in setting up one of the largest cladding plants in the world, and was involved in the management of daily operations to deliver industry-leading products in the Oil & Gas sector.
Mr. Medanic is an expert on the planning and construction of industrial facilities for the oil and gas industry, and in implementing management systems to increase competitiveness within the coating and cladding industry. His two decades of experience in the Marine and Oil & Gas sectors involves assessing various types of corrosion protection techniques and establishing plants to manufacture solutions.
About Abakan Inc.
Abakan is an advanced surface modification systems and technologies provider that is forming a vertically integrated wear and corrosion coating prevention business. Abakan is the largest shareholder in MesoCoat, a company that has developed a coating that extends the useful life of oil pipelines and bridges from 20 to 100 years. The transformational nature of this coating has been recognized by the National Institute of Standards and Technology (NIST) with a $1.7 million award, a NorTech Innovation award and multiple R&D 100 awards. With lower cost materials and application process, and longer lasting coatings that are non-toxic, MesoCoat has made significant in-roads with marquee clients spanning Fortune 500 corporations, military organizations and other branches of the government.
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, Form 10-Q and Form 8-K. Abakan's public filings may be viewed at www.sec.gov
Contacts:
Abakan Inc.
Robert Miller, Chief Executive Officer
Phone:
(786) 206-5368
Email: robert.miller@abakaninc.com
