QualityStocks would like to highlight Abakan, Inc. (
OTCBB: ABKI). The company expects to become a leader in the multi-billion dollar* advanced coatings and metal formulations markets as a result of its investment in MesoCoat, Inc. and Powdermet, Inc. MesoCoat and Powdermet each have the potential to substantially impact the surface engineering and energy management needs of Fortune 1000 companies and government entities. Towards this end, Abakan is actively involved in supporting their R&D, market development, and commercialization efforts.
In the company’s news,
Abakan announced that Powdermet, the company’s subsidiary, has secured several significant partnerships with corporate, government, and military agencies to advance commercialization of its EnCompTM Energetic nanocomposites and MComPTM Microcomposite materials to be used in high-density energy storage and energy-efficient mechanical bearing markets.
The partnerships, which include the U.S. Army, the U.S. Department of Energy, and the U.S. Navy, serves to further legitimize the potential impact of these advanced materials. Developed by Powdermet and its partners, the disruptive material science platforms have applications in industries such as Energy, Defense, and Transportation among others.
“Powdermet has been at the forefront of technical innovation for the past decade, and our expertise in nanotechnology and advanced materials development has attracted top-tier partners,” stated Robert Miller, CEO of Abakan Inc. “The company is now focused on commercializing several of its technology platforms following our successful research and development which have shown very impressive results for these platforms. We expect to serve multi-billion dollar markets across a variety of industries.”
Powdermet’s EnCompTM Energetic nanocomposite materials aids in the improvement of both the energy and power density of batteries. Powdermet entered a partnership with the U.S. Army to develop applications requiring instant-on storage of a large amount of electrical energy at high voltages for long periods of time without significant current leakage. By utilizing nanoparticle synthesis and controlled dispersion processing capabilities, Powdermet has demonstrated melt-processable nanoparticle-filled engineered composite film dielectrics showing 20 to 30 J/cc of energy density, highlighting the opportunity for the technology to vastly improve energy storage technologies for the transportation and renewable energy sectors.
Additionally, nanodielectric materials for smart grid applications are forecasted to represent a $500 million market by 2017, according to nanomarkets, presenting further opportunities outside initial defense applications. The nanodielectric materials are expected to have several other applications, such as replacing and enhancing batteries in the electric vehicle, consumer electronics, and other industries, providing a more than $1 billion market for nanodielectrics within the next five to seven years.
Powdermet’s long-standing collaboration with Michigan State University has also recently received investment from the Department of Energy to further develop critical nanocomposite separators required for ultra-high power density multivalent batteries based on ionic liquids. Enabling an order of magnitude increase in the power density of batteries, multivalent batteries enable the handling of high power loads in smaller, lighter, and lower cost devices. This technology provides a synergy for Powdermet’s ongoing efforts to develop encapsulated nanocomposite anode and cathode materials, addressing several needs within the $100 billion global advanced battery manufacturing value chain.
Lastly, Powdermet’s MComPTM Microcomposite cermet (ceramic-metal) materials supply the friction and wear performance equivalent to advanced, diamond-like carbon coatings, while maintaining the toughness, strength, and formability of metals. Partnering with the U.S. Navy, Powdermet will provide a solution to contamination issues in spherical plain airframe bearings by using advanced coatings that have already been commercialized through Abakan subsidiary MesoCoat. These nanocomposite cermet materials will have a significant impact as they can be applied across the transportation, energy, military, construction, and other sectors for reducing friction and extending the life of, or eliminating the need for lubricants, in highly stressed systems.
About QualityStocks
QualityStocks, based in Scottsdale, Arizona, is a free service that collects data from hundreds of Small-Cap and Micro-Cap online Investment Newsletters into one Daily Newsletter Report. QualityStocks is dedicated to assisting emerging public companies with their investor communication efforts and connecting subscribers with companies that have huge potential to succeed in the short and long-term future.
To sign up for The QualityStocks Daily Newsletter, please visit
www.QualityStocks.com
To connect with QualityStocks via Facebook, please visit http://Facebook.com/QualityStocksPage
To connect with QualityStocks via Twitter, please visit http://Twitter.com/QualityStocks
Please read FULL disclaimer on the QualityStocks website: http://Disclaimer.QualityStocks.com
Forward-Looking Statement:
This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.
