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Powdermet Forms Partnerships to Commercialize Nano-Composite Materials for Energy Efficiency

June 12, 2013

Abakan Inc., a manufacturer in the advanced coatings and metal formulations markets, has announced that its subsidiary Powdermet has secured several  partnerships with corporate, government and military agencies to advance commercialization of its EnComp Energetic nanocomposites and MComP Microcomposite materials for use in high-density energy storage and energy-efficient mechanical bearing markets.

These partnerships including the U.S. Army, the U.S. Department of Energy and the U.S. Navy further validate the potential impact of these advanced materials. The disruptive material science platforms developed by Powdermet and its partners 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," said Robert Miller, CEO of Abakan Inc. "The company is now focused on commercializing several of its technology platforms following our succesful 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 MComP Microcomposite cermet (ceramic-metal) materials provide the friction and wear performance equivalent to advanced, diamond-like carbon coatings, but with the toughness, strength and formability of metals, according to the company. Powdermet has partnered with the U.S. Navy to provide a solution to contamination issues in spherical plain airframe bearings using advanced coatings that have already been commercialized through Abakan subsidiary MesoCoat. These nanocomposite cermet materials have applications 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.

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