EXHIBIT 99.1

Cohesant Technologies Announces Semi-Annual Dividend

    INDIANAPOLIS--(BUSINESS WIRE)--May 4, 2005--Cohesant Technologies
Inc. (Nasdaq:COHT) today announced that its Board of Directors
approved a semi-annual dividend payment of $0.135 which will be paid
on May 27, 2005 to shareholders of record on May 18, 2005. This amount
represents a 4% increase over semi-annual dividend payments made in
2004.
    Cohesant Technologies Inc., based in Indianapolis, Indiana,
designs, develops, and manufactures specialized dispense equipment and
specialty coating products through its two subsidiaries: GlasCraft,
Inc. and Raven Lining Systems, Inc. GlasCraft and, to a limited
extent, Raven Lining Systems, manufactures dispensing equipment for
applying plural component materials such as polyesters, polyurethanes,
polyureas, and epoxies. Raven Lining Systems, Inc., manufacturers and
sells the Raven and AquataPoxy line of high-performance coating
systems. These systems provide corrosion protection and structural
renewal when coating and rehabilitating all types of infrastructure in
water, wastewater and industrial markets.
    Certain statements contained in this report that are not
historical facts are forward-looking statements that are subject to
certain risks and uncertainties that could cause actual results to
differ materially from those set forth in the forward-looking
statement. These risks and uncertainties include, but are not limited
to, a slow-down in domestic and international markets for plural
component dispensing systems and a reduction in growth of markets for
the Company's epoxy coating systems.

    CONTACT: Cohesant Technologies Inc.
             Morris H. Wheeler, 317-871-7611