Independent testing confirms CermaClad™ CRA lowers corrosion rate by 6 times and exceeds API-5LD Clad Pipe Requirements
December 05, 2011
Abakan Inc. is pleased to announce that its subsidiary MesoCoat Inc.’s CermaClad™ metallurgically bonded corrosion resistant alloy (“CRA”) clad products met or exceeded API-5LD during independent verification testing. The American Petroleum Institute (API), the leading standardization organization, requires that API-5LD suitability specifications be met for clad pipe corrosion resistance in order for it to be used in conveying of gas, water, and oil.
Andrew Sherman, CEO, MesoCoat Inc. stated, “We are excited that CermaClad™ has now been independently validated as a product that has not only passed all the required testing but has also proven to be a vastly superior product to existing solutions in the areas of corrosion, metallurgical bonding, and dilution.”
Det Norske Veritas (“DNV”), one of largest global risk management and testing labs, conducted the API-5LD testing on CermaClad™ in their Columbus, Ohio lab with the following significant results:
- ASTM G28 tests indicated a corrosion rate 85% lower than that of the widely used weld overlay technology.
- Bond strength exceeded the API-5LD standard by 50%.
- ASTM A264 test for mechanical integrity passed all requirements of API-5LD.
- EDAX analysis for composition & metallurgy has shown little to no iron contamination (dilution) beyond 0.1mm from base metal. This is a 400x improvement over competing weld overlay where there is significant contamination as far as 4mm from the base metal.
The tests were conducted on an X65 carbon steel substrate that was clad with a 3mm thick layer of Alloy 625 using our CermaClad™ technology.
Robert Miller, CEO, Abakan Inc. commented, “MesoCoat’s CermaClad™ technology is proving to be a disruptive technology that doesn’t just provide incremental improvement. It has the potential of creating a paradigm shift in the industry. We have been engaged in numerous conversations with Oil & Gas majors as well as pipe manufacturers who are clearly on the lookout for alternatives to the slow and arduous weld overlay technology. They also complain of the issues of mechanically lined pipes that lead to severe buckling, rippling and installation issues. CermaClad™ (which can produce metallurgically clad pipes at a rate of 15-100x faster than weld overlay with better corrosion & surface properties and at a lower cost) is quickly proving to be the alternative solution that this large and growing market is looking for.”
MesoCoat’s CermaClad™ metallurgical cladding technology provides magnitude major improvement in productivity over the current state of art weld overlay and laser cladding technologies. CermaClad™ is substantially faster to apply, enables improved corrosion and wear resistance and does so without the need for toxic and hazardous fluxes. The global market for metal cladding for wear and corrosion protection is estimated at $3.8 billion and is expected to double in size over the next 3 years. MesoCoat is currently constructing a 1-line CermaClad™ manufacturing facility and plans to undertake the construction of a 4-line facility in the near future. These facilities are being built to support anticipated orders for projects that the company is bidding for with major oil companies, pipeline manufacturers and energy producers.
MesoCoat, the new Duracell of the coating industry, is a venture-backed nanotechnology materials science company fast becoming a world leader in metal protection and repair through their revolutionary “long life” coating and “high speed” cladding technologies. The company’s transformational surface engineering technologies have already been the recipient of three prestigious R&D 100 awards, a National Institute of Standards and Technology (NIST) award for ‘100 year life coatings for infrastructure’, and the NorTech Innovation Award for environmentally friendly coatings. Through partnerships with the Departments of Defense and Energy, and leading Oil and Gas companies; MesoCoat has developed high strength, high toughness ceramic-metallic materials and high speed fusion cladding processes providing unparalleled wear and corrosion resistance; and has verified performance, productivity, and cost benefits with industry leaders in Oil & Gas, Aerospace, Energy Generation, and Maritime industries. MesoCoat is now commercializing several of their products and services that are a direct replacement for hard chrome plating, as well as weld cladding processes to address the needs of both Original Equipment Manufacturers (OEM) and Maintenance and Repair Organizations (MRO). MesoCoat, Inc.is a JumpStart, Inc. and Abakan, Inc. Portfolio Company.
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 8-K, Form 10-K and Form 10-Q. Abakan’s public filings may be viewed at www.sec.gov.
Public Affairs Contact
Mr. Anupam Ghildyal