07.17.15
Abakan Inc. has announced that it has secured test orders from industry majors for its PComP thermal spray coating powders as a result of its presentations at the recent Offshore Technology Conference (OTC) and International Thermal Spray Conference (ITSC).
"Abakan exhibited its PComP thermal spray coating powders at the ITSC and OTC events held in May, 2015, to educate thermal spray coating services providers, and oilfield, mining, and industrial companies, as to the attractive value proposition offered by PComP thermal spray powders. The response was very encouraging with test orders secured from industry majors in North America, Asia and Europe for moly-boride based PComP-M and tungsten-carbide based PComP-W thermal spray powders. Several of the companies that placed test orders consume tens of thousands of pounds of thermal spray powders annually. Given the significantly longer life of our PComP coatings in many of the most extreme environments, we are confident that some of these test orders will lead to long term sales commitments," said Abakan's CEO, Mr. Robert Miller.
"Of particular interest to most of these companies was our PComP-M product, which we are positioning as an industrial equivalent of Teflon* coating for molten metal applications. Our PComP-M coating protects tools and components exposed to molten metal from corrosion, and acts as a non-stick layer that prevents any kind of molten metal or dross build-up on the tool or component. Based on lab and field testing, our PComP-M coatings provide a 6 times longer useful life when compared to the current state-of-art moly boride powders and conventional tungsten carbide thermal spray powders. The economic value proposition is very simple, the cost of PComP is similar to products currently available in the market but the useful life expectancy of the component or tool coated with PComP is significantly longer. For example, instead of being forced to stop production and undergo 4 to 5 hours of maintenance down-time to replace worn components every week, you now only have to stop production for the same purpose every 6 to 8 weeks. Extended useful life reduces the downtime required for maintenance, decreases replacement costs, and over time effects material decreases in capital costs, which decreases can result in increases in net revenues generated by our customers," continued Mr. Miller.
"Abakan exhibited its PComP thermal spray coating powders at the ITSC and OTC events held in May, 2015, to educate thermal spray coating services providers, and oilfield, mining, and industrial companies, as to the attractive value proposition offered by PComP thermal spray powders. The response was very encouraging with test orders secured from industry majors in North America, Asia and Europe for moly-boride based PComP-M and tungsten-carbide based PComP-W thermal spray powders. Several of the companies that placed test orders consume tens of thousands of pounds of thermal spray powders annually. Given the significantly longer life of our PComP coatings in many of the most extreme environments, we are confident that some of these test orders will lead to long term sales commitments," said Abakan's CEO, Mr. Robert Miller.
"Of particular interest to most of these companies was our PComP-M product, which we are positioning as an industrial equivalent of Teflon* coating for molten metal applications. Our PComP-M coating protects tools and components exposed to molten metal from corrosion, and acts as a non-stick layer that prevents any kind of molten metal or dross build-up on the tool or component. Based on lab and field testing, our PComP-M coatings provide a 6 times longer useful life when compared to the current state-of-art moly boride powders and conventional tungsten carbide thermal spray powders. The economic value proposition is very simple, the cost of PComP is similar to products currently available in the market but the useful life expectancy of the component or tool coated with PComP is significantly longer. For example, instead of being forced to stop production and undergo 4 to 5 hours of maintenance down-time to replace worn components every week, you now only have to stop production for the same purpose every 6 to 8 weeks. Extended useful life reduces the downtime required for maintenance, decreases replacement costs, and over time effects material decreases in capital costs, which decreases can result in increases in net revenues generated by our customers," continued Mr. Miller.