Exhibit 99.1
AbakanAnnouncesInterimCFO
MIAMI, FL - (Marketwired - May 28, 2015) - Abakan Inc. (OTCQB: ABKI) (“Abakan”), an emerging
leader in the advanced coatings and metal formulations markets, reports that Costas M. Takkas, the
Company’s CFO has been detained in Switzerland, based on an indictment issued by the U.S. District
Court, Eastern District of New York charging him with certain activities unrelated to his position with
Abakan. Based on this development, Abakan has suspended Mr. Takkas from undertaking any further
responsibilities as its CFO. Meanwhile, Robert Miller, Abakan’s CEO will now also act as interim CFO.
The Company will remain loyal to operating under the highest standards of ethics and integrity.
About Abakan, Inc.
Abakan develops, manufactures and marketsadvanced nano-composite 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, andlong-life nano-
composite 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 introduced itsPComP™ W for metal asset
protection and life extension to the oil and gas and mining industries, and is currently focused 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 in
Canada,
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, Form 10-Q and 8-K. Abakan’s
public filings may be viewed atwww.sec.gov.
Contact
Abakan, Inc.
Robert Miller, Chief Executive Officer
Phone: 786-206-5368
Email:robert.miller@abakaninc.com
www.abakaninc.com
Investor Relations
Surety Financial Group, LLC
Phone: 410-833-0078
Email: info@suretyfingroup.com
www.suretyfingroup.com
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