Exhibit 99.1


Cohesant Technologies Announces Semi-Annual Dividend

    INDIANAPOLIS--(BUSINESS WIRE)--May 9, 2006--Cohesant Technologies
Inc. (Nasdaq:COHT) today announced that its Board of Directors
approved a semi-annual dividend payment of $0.14 which will be paid on
June 5, 2006 to shareholders of record on May 22, 2006. This amount
represents a 4% increase over semi-annual dividend payments made in
2005.
    Cohesant Technologies Inc., based in Indianapolis, Indiana,
designs, develops, and manufactures specialized dispensing equipment
and specialty coating products, performs protection and renewal of
plumbing lines and licenses proprietary technology in the protection
and renewal markets, under the Cohesant Materials, CuraFlo, GlasCraft,
and Raven trade names. These systems and products offer innovative
lining technology providing corrosion protection and renewal of
infrastructure in commercial, institutional, municipal and residential
sectors of the 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
components dispensing systems, a reduction in growth of markets for
the Company's epoxy coating systems, customer resistance to Company
price increases, the successful integration of the CuraFlo acquisition
and the Company's ability to expand its licensing and rehabilitation
business.

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