MesoCoat ranked #50 in Forbes list of America’s 100 Most Promising Companies

December 02, 2011

Abakan Inc. is pleased to announce that its subsidiary MesoCoat Inc. has been ranked #50 in Forbes list of America’s 100 Most Promising Companies. MesoCoat is ranked highest amongst four companies that represent the materials industry in the list; ranked number one in Ohio, and is the only nanocomposite company on this list.

MesoCoat provides industry-leading wear and corrosion solutions with its twin technology platforms of high-speed large-area fusion cladding technology (CermaClad™) (which offers 15-100X higher productivity and 6X better corrosion and 3X better wear resistance at lower costs compared to competing solutions); and its high strength, high toughness ceramic-metallic nanocomposite coatings (which provide unparalleled wear and corrosion resistance at lowest life cycle costs in target applications). MesoCoat is currently completing the final field testing of its PComP™ nanocomposite metal coatings with Fortune 500 Oilfield equipment manufacturers and has begun development of full scale metallurgical clad pipes for qualification in its new production facility.

“We are honored that our potential is recognized by an institution of Forbes' reputation,” said MesoCoat’s CEO and founder Andy Sherman. “Our employees and sponsors deserve the recognition for their efforts as we look forward to introducing our unique products which eliminate asset downtime, waste, maintenance costs and liabilities for our customers.”

Forbes' list of America's Most Promising Companies features 100 privately held up-and-comers with compelling business models, strong management teams, notable customers, strategic partners and precious investment capital.

"Sizing up younger, privately held companies is hard: Their fortunes can change very quickly and there's a dearth of public data," says Forbes Executive Editor Brett Nelson. "We took a more comprehensive approach to evaluate their health and potential.”

To view the complete list, please visit www.forbes.com/ampc.

About MesoCoat
MesoCoat, the new Duracell of the coating industry, is a venture-backed nanotechnology materials science company fast becoming a world leader in metal protection and repair through their revolutionary “long life” coating and “high speed” cladding technologies. The company’s transformational surface engineering technologies have already been the recipient of three prestigious R&D 100 awards, a National Institute of Standards and Technology (NIST) award for ‘100 year life coatings for infrastructure’, and the NorTech Innovation Award for environmentally friendly coatings. Through partnerships with the Departments of Defense and Energy, and leading Oil and Gas companies; MesoCoat has developed high strength, high toughness ceramic-metallic materials and high speed fusion cladding processes providing unparalleled wear and corrosion resistance; and has verified performance, productivity, and cost benefits with industry leaders in Oil & Gas, Aerospace, Energy Generation, and Maritime industries. MesoCoat is now commercializing several of their products and services that are a direct replacement for hard chrome plating, as well as weld cladding processes to address the needs of both Original Equipment Manufacturers (OEM) and Maintenance and Repair Organizations (MRO). MesoCoat, Inc.is a JumpStart, Inc. and Abakan, Inc. Portfolio Company.

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 8-K, Form 10-K and Form 10-Q. Abakan’s public filings may be viewed at www.sec.gov.

Public Affairs Contact
Mr. Anupam Ghildyal
aghildyal@mesocoat.com

MesoCoat Inc.
24112 Rockwell Drive
Euclid, OH, 44117
(216) 453-0866
Email: info@mesocoat.com
www.mesocoat.com