Exhibit 99
AbakanAcquires 100% Ownership of
MesoCoat
MIAMI, FL--(Marketwired - Jul 27, 2015) -Abakan Inc. (OTCQB:ABKI) ("Abakan"), an
emerging leader in the advanced coatings market, is pleased to announce that, following its long
term strategy, Abakan has increased ownership in subsidiary,MesoCoat Inc. to 100%. In
exchange for 20.5% of Abakan's minority ownership inPowdermet Inc. (from 24.1% to 3.6%),
Abakan has acquired from Powdermet:the remaining 11.9% of MesoCoat, along with land and
equipment worth $550,000, the extinguishment of existing inter-companydebt of $486,000, the
return of 400,000 outstanding Abakan common shares to authorized capital and $1,000,000 in
cash.
"Obtaining 100% ownership of MesoCoat along with owning the 5.7 acres of land where our
clad pipe manufacturing facilitysits and on which we plan to build a 160 ton/yearPComP
powder production facilitywere some of Abakan's goals for CY 2015. This transaction also
transfers ownership of necessaryPComP powder production equipment from Powdermet to
MesoCoat, in addition to 6 cash payments over 5 months totaling $1,000,000 which will be
utilized in part to fund capital expenses for thePComP facility.PComP testing and recent sales
have been verysuccessful so we expect to meet the growing demand for this product with
increased production capacity. When constructed, the new plant running at full capacitywould
be able to increase annual revenues byapproximately$20,000,000," saidAbakan CEO, Robert
Miller.
The decision to divest a significant portion of Abakan's ownership of Powdermet, was mutually
agreed upon bythe respective Boards of Abakan and Powdermet, and is the culmination of the
staged acquisition of MesoCoat planned as part of Abakan's initial investment in 2009. The price
per share of the latest conversion of Abakan's investment in MesoCoat is equal to the last price at
which Abakan converted invested capital to equityin May 2014. Abakan originally purchased a
41% interest in Powdermet specificallybecause of the MesoCoat shares owned byPowdermet.
The 41% interest was purchased from Kennametal Inc., in March, 2011 for $1,700,000, of which
37.4% has now been returned to Powdermet in two separate transaction for an approximate value
to Abakan of $10,000,000, based on the same value per share calculated in the valuation of
MesoCoat relied upon Abakan's May 31, 2014 year end audit, translating into an effective return
on investment of around 500%.
About Abakan, Inc.
Abakan develops, manufactures and marketsadvanced nano-composite materials, andinnovative
fabricated metal products for applications in the oil and gas, petrochemical, mining, aerospace
and defense, energy, infrastructure and processing industries.Abakan's technology portfolio
currentlyincludeshigh-speed, large-area metal cladding technology, andlong-life nano-
composite anti-corrosion and wear coating materials. Abakan's products have demonstrated
longer life, higher productivityand extremelyhigh strength-to-weight ratios compared to
competing technologies. The Abakan group of companies has been honored byThe Wall Street
Journal as the#1 Manufacturing Innovation across the globe; by Pipeline Industries Guild as the
1
Exhibit 99
Top Subsea Pipeline Technology; by Forbes as the#1 Most Promising Material Science
Companyin the United States; by American Metals Market with theSteel Excellence Award; by
Inc. 500 as one of theFastest Growing Manufacturing Companyin the U.S.; and has received
numerous other trade, industryand 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 byfederal 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 currentlyfocused on the scale-up and
commercialization of itshighlydisruptive metal cladding products for the oil and gas, oil sands,
and mining industries. Abakan currentlyoperates 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.
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Contact Information
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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