Exhibit 99
Abakan Announces Agreement to Develop Better Coatings for the
Multi-Billion Dollar Small Diameter Pipe Market
December 2, 2013
(OTCQB: ABKI) (“Abakan”), an emerging leader in the advanced coatings and metal formulations
markets, today announced that it has signed an exclusive agreement with LIMO Lissotschenko
Mikrooptik GmbH (“LIMO”), based in Dortmund, Germany. The agreement is intended for the
development of a laser based system for the production of wear and corrosion resistant cladding to supply
the multi-billion dollar coating market for 3 to 8 inch diameter pipe used extensively in the oil and gas
industry. LIMO will design and build the laser coating systems, while Abakan will design the auxiliary
components to install and operate these systems. The cooperation will focus initially on the cladding of
the smaller-diameter thick-walled pipes, which are in constant demand due to the mounting development
of large-scale offshore oil and gas fields. The prospect of supplying the demand for small diameter clad
pipe adds to Abakan’s current focus oncladding large diameter (10 inches and up) pipe.
LIMO has demonstrated laser-melting technology that can produce smooth and thin coatings which, for
the first time in history, exhibits a verifiable metallurgical bond almost without any metallurgical
substrate effects. The LIMO technology is based on optical systems, which facilitate industrial level
productivity for the seamless treatment of the inner diameters of pipes. The utilization of this technology
in small diameter offshore pipe and in other industrial applications would have an effective life more than
sufficient for most products where cladding is used. Hundreds of test sample coatings already conducted
by LIMO on behalf of an oil major evidence the effectiveness of its technology for cladding applications.
The current process of relying on mechanically lined and clad plate-to-pipe solutions for clad pipes is not
ideal for thick-walled pipes due to inspectability and quality concerns. Abakan believes that LIMO’s laser
based system will result in a product that offers the ideal solution for producing small diameter clad pipes.
Abakan expects that its collaboration with LIMO could also develop a product that enables very thin
corrosion- and wear-resistant cladding for pipes, plates, and components that would compete directly with
paints and epoxies. The new product envisioned would offer a 3-5 times longer life than coatings that are
currently available, at a cost that would be only marginally higher when compared to the cost of the
epoxies now used over a variety of applications, in the oil and gas, petrochemical, shipbuilding, tooling
and infrastructure industries.
Abakan CEO, Robert Miller stated “We expect to substantially complete the development of the smaller-
diameter pipe cladding system within the next 12 months for planned commercial sales by mid-2015.
Abakan will fund the development of the prototype system, and then pursue strategic collaborations with
oil majors and pipe manufacturers to accelerate its timeline for development and market entry. After
working with partners and potential customers from multiple industries, we understand the critical
challenges faced by those that might come to rely on our products, and believe that our alliance with
LIMO will result in the development of a platform of products that will address those challenges.”
Dr. Vitalij Lissotschenko, President and CEO of LIMO, stated “We are the only company whose core
competence uniquely combines optics design, with laser systems and materials processing know-how.
Our expertise places us in the unique position of being able to develop complete solutions for our
customers and partners. In Abakan - we see a team with a vision for long-term sustainable growth,
tremendous expertise in material science and surface engineering which for us is more complementary
than competitive in respect to our core competencies, existing channels and network to drive the adoption
of disruptive technologies. Most importantly, we are extremely impressed with the way Abakan has built
a brand and reputation for innovation and excellence in such a short span of time.”
LIMO has over 300 patents, the in-house ability to produce 1,000’s of specialized lasers per year and an
international team of more than 220 engineers, physicists, technicians and many other specialized staff
who design, develop, manufacture and market innovative micro-optics and laser systems. Since the very
beginning, LIMO has built a worldwide reputation with their refractive micro-optics technologies, and is
considered a technology leader in the field of micro-optics.
About Abakan Inc.
Abakan develops, manufactures, and marketsadvanced nanocomposite materials,innovative fabricated
metal products andhighly engineered metal composites for applications in the oil and gas, petrochemical,
mining, aerospace and defense, energy, infrastructure and processing industries.Abakan’s technology
portfolio currently includeshigh-speed, large-area metal cladding technology;long-life nanocomposite
anti-corrosion and wear coating materials. Abakan's products have demonstrated longer life, higher
productivity and extremely high strength-to-weight ratios compared to competing technologies. The
Abakan group of companies has been honored by The Wall Street Journal as the#1 Manufacturing
Innovation across the globe, by Pipeline Industries Guild as the Top Subsea Pipeline Technology, by
Forbes as the#1 Most Promising Material Science Company in the United States, by American Metals
Market with the Steel Excellence Award, by Inc. 500 as one of the Fastest Growing Manufacturing
Company in the U.S., and has received numerous other trade, industry and technology awards
includingfive R&D 100 Awards and a Technology Innovation Award from the National Institute of
Standards and Technology. Over $50 million has been invested inproduct development and testing by
federal agencies, national labs and our companies in order to deliver products that offer improved
performance over the current state of art. Abakan has successfully introduced itsmetal coatings for metal
asset protection and life extension in the oil and gas and mining industries, and is currently focusing on
the scale-up and commercialization of itshighly disruptive metal cladding products for the oil and gas, oil
sands, and mining industries. Abakan currently operates from multiple locations in United States, and
intends to expand global operations in South America, Canada and Indo-China.
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 10-K and Form 10-Q. Abakan’s public
filings may be viewed at www.sec.gov.
Abakan Inc.
Robert Miller, Chief Executive Officer
Phone: 786-206-5368
Email: robert.miller@abakaninc.com
www.abakaninc.com
Investor Relations
Steve Ferris
(206) 919-6304
steve@affinityfinancing.com
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