Abakan Inc. (“Abakan”), an emerging leader in the advanced coatings and metal formulations markets, today announced that its portfolio company, MesoCoat Inc., has been recognized by Inc. Magazine as one of the fastest-growing companies in the United States and has been ranked 15th in the top 100 fastest-growing manufacturing companies in the United States on the annual Inc. 500|5000 list.
“Our technologies, solutions and potential have been recognized by some of the world’s most prestigious media organizations, including The Wall Street Journal, Forbes and now Inc. Magazine. This is our debut on the Inc. 500|5000 list of the nation’s fastest growing companies, and we expect to be one of the top companies on this list within a couple of years. We have received a tremendous amount of recognition and support for our innovative technologies and are now entering a phase in which it is our turn to deliver on their promise and potential,” stated Abakan CEO Robert Miller.
MesoCoat develops, manufactures and markets advanced nanocomposite materials and innovative fabricated metal products through its revolutionary “long life” PComP™ family of coatings, and its high-speed, large-area cladding technology, CermaClad™.
“MesoCoat is now selling its PComP™ nanocomposite coating materials and thermal spray coating services, which extend the life of oilfield and industrial components by 3-80 times. In addition to the revolutionary performance and cost breakthroughs offered by PComP™, their ability to extend component life leads to significant reduction in losses related to downtime and maintenance. MesoCoat is currently undergoing a six fold production scale-up of its PComP™ materials and is setting up a thermal spray coating facility to serve the regional shale and oilfield equipment coating market.”
MesoCoat is also qualifying clad metal products, CermaClad™, which is manufactured utilizing a high intensity plasma arc lamp to rapidly melt, fuse and metallurgically bond corrosion-resistant (CRA) and wear-resistant materials (WRA) to metal substrates, including pipes. CermaClad™ addresses the increasing demand-supply gap for corrosion resistant alloy (CRA) clad pipes, including the huge demand for large-diameter and thick-walled CRA clad pipes, which are extremely difficult to manufacture, inspect, reel and install using existing technologies.
CermaClad™ is expected to bring significant improvement in production times, quality, cost efficiencies and deepwater installation of clad pipes in the rapidly growing $4 billion metal cladding industry. MesoCoat recently commissioned its first clad pipe manufacturing facility in Ohio to accelerate the qualification of clad pipes for offshore applications and it intends to set up two large-scale clad pipe manufacturing facilities in 2014 to produce approximately 200 kilometers of 10-inch clad pipes annually.
The 2013 Inc. 500|5000 award is ranked according to percentage revenue growth for 2012 compared to 2009. To qualify, companies must have been founded and be generating revenue by March 31, 2009, and have revenue of no less than $2 million in 2012. Additionally, companies must be U.S.-based, privately held, for profit and independent. For complete results, visit www.inc.com/inc5000/list/.