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ABKI more news to come!!!!!!
MIAMI, April 1, 2013 (GLOBE NEWSWIRE) -- Adding to an already impressive collection of innovation and technology awards, Abakan Inc. (OTCQB: ABKI) ("Abakan") today announced that its proprietary CermaClad™ clad pipe product was awarded the coveted "Subsea Pipeline Technology of the Year" award by the Pipeline Industries Guild. MesoCoat, an Abakan subsidiary that developed the CermaClad™ technology, received the award at the Pipeline Industries Guild National Dinner in London on March 12.
"Our CermaClad™ technology is expected to dramatically improve the cost structure, reliability, and component maintenance norms for the oil and gas industry," said Abakan CEO Robert Miller. "Over 70 percent of the world's remaining oil and gas reserves are in very corrosive environments, an issue exacerbated in subsea environments which are now much deeper and farther away from the shore, and our technology offers the best performance, cost and robustness of any competing clad pipe technology. Receiving this award is a great honor, and it further confirms the novelty and potential industry-wide impact of our technology."
The CermaClad™ high-speed large-area clad pipe technology produces a superior metallurgical clad pipe product for the oil and gas industry, where availability of metallurgical clad pipes and the associated lead time have been a major concern. The technology uses a high intensity plasma light source -- "mini-sun" -- to rapidly fuse anti-corrosion and anti-wear materials to large areas of steel, including pipes. MesoCoat's process offers 40 times higher productivity compared to current metallurgical cladding technologies and it enables a three to six times longer life for metal assets and improved metallurgical and mechanical properties at the lowest lifecycle cost. CermaClad™ offers on-time delivery, and up to 80 percent reduction in lead times for seamless, metallurgically clad pipes at costs lower than those of competing alternatives.
The Pipeline Industries Guild was formed in 1957, and it is the only association worldwide to cater directly to the needs of the pipeline industry, regardless of engineering discipline, application or qualification. The Guild's membership comprises those with interests in pipelines that transport hydrocarbon products, chemicals, water, wastewater and many other substances, both on and offshore.
MIAMI, April 1, 2013 (GLOBE NEWSWIRE) -- Adding to an already impressive collection of innovation and technology awards, Abakan Inc. (OTCQB: ABKI) ("Abakan") today announced that its proprietary CermaClad™ clad pipe product was awarded the coveted "Subsea Pipeline Technology of the Year" award by the Pipeline Industries Guild. MesoCoat, an Abakan subsidiary that developed the CermaClad™ technology, received the award at the Pipeline Industries Guild National Dinner in London on March 12.
"Our CermaClad™ technology is expected to dramatically improve the cost structure, reliability, and component maintenance norms for the oil and gas industry," said Abakan CEO Robert Miller. "Over 70 percent of the world's remaining oil and gas reserves are in very corrosive environments, an issue exacerbated in subsea environments which are now much deeper and farther away from the shore, and our technology offers the best performance, cost and robustness of any competing clad pipe technology. Receiving this award is a great honor, and it further confirms the novelty and potential industry-wide impact of our technology."
The CermaClad™ high-speed large-area clad pipe technology produces a superior metallurgical clad pipe product for the oil and gas industry, where availability of metallurgical clad pipes and the associated lead time have been a major concern. The technology uses a high intensity plasma light source -- "mini-sun" -- to rapidly fuse anti-corrosion and anti-wear materials to large areas of steel, including pipes. MesoCoat's process offers 40 times higher productivity compared to current metallurgical cladding technologies and it enables a three to six times longer life for metal assets and improved metallurgical and mechanical properties at the lowest lifecycle cost. CermaClad™ offers on-time delivery, and up to 80 percent reduction in lead times for seamless, metallurgically clad pipes at costs lower than those of competing alternatives.
The Pipeline Industries Guild was formed in 1957, and it is the only association worldwide to cater directly to the needs of the pipeline industry, regardless of engineering discipline, application or qualification. The Guild's membership comprises those with interests in pipelines that transport hydrocarbon products, chemicals, water, wastewater and many other substances, both on and offshore.
ABKI keep it close because its looking good with only 45mins in to the day.
ABKI is on fire this morning.
ABKI is anyone watching this thing.
25,000 ABKI in the first half hour keep a close eye.
25,000 in the first half hour. Keep a close eye
Trading increasing daily!
Q: What is the market for pipe-cladding technology?
A. In a word – huge. The market for metal cladding with corrosion-resistant alloys is more than $3.8 billion, which includes the $2 billion clad pipe market. This market is expected to double in size as the global oil and gas capital expenditure is expected to increase from $1,036 billion in 2012 to $1,201 billion in 2013, registering a growth of 15.9 percent. The trend of increasing capital expenditure is expected to continue for the foreseeable future, especially driven by reserves that are deeper and farther away from the shore. Infield Systems Deepwater and Ultra-deepwater Market Report states that the largest proportion of deepwater investment to be directed towards pipeline installations; comprising 39% of total global deepwater expenditure - and clad pipes would constitute a healthy share of this offshore pipeline investment.
For example, according to our estimates, each of the 158 highly corrosive oil and gas fields now being developed around the globe will require an average of 10 kilometers of clad pipe, a demand that equates to $6 billion worth of clad pipe over the next two years. Equally important, the need is urgent: many projects are being held up by the lack of availability of clad pipes.
Are any of you looking for a real company than look at ABKI
ABKI the next 10 bagger!!!!
ABKI volume increasing!!
ABKI volume increasing!!
ABKI traded 12.2 shares good time to get in
What is Abakan doing to help to meet this need?
A. Oil majors have cited the low productivity of current processes as the top reason limiting the adoption of metallurgically clad pipes on a much larger scale. MesoCoat, an Abakan subsidiary, is a surface engineering company specializing in metal protection and life extension materials. The technologies that we are introducing in the market offer 40 times higher productivity compared to current metallurgical cladding technologies. In particular, our CermaClad high-speed technology uses a high intensity light source -- an "artificial sun" -- to rapidly fuse anti-corrosion and anti-wear materials to large areas of steel, including pipes. We like to use the analogy of a pencil versus a large paint roller: current pipe-cladding technologies are like painting a large wall with a pencil, while our technology is like painting it with a large roller.
These technologies provide twice the value proposition in almost every application, meaning twice the life at current costs or the same life at half the cost when compared to competing technologies.
We recently completed construction of an 11,000-square-foot, full-scale pipe cladding facility in Euclid, Ohio, for cladding the interior diameter of 8- to 36-inch pipe. The facility, with a production capability of 20 kilometers of 10-inch clad pipe, will be one of the largest clad pipe manufacturing facilities in the United States when it is fully operational, as well as one of the largest in the world. We plan to follow the manufacturing demonstration with qualification and certification to industry standards, leading to market introduction and rollout by midyear.
Q: Why is clad pipe important, as opposed to other types of pipe?
A. According to the World Corrosion Organization, corrosion costs $2.2 trillion to the global economy, or roughly 3 percent of the world's GDP. Almost 45 percent of the cost of corrosion – about $1 trillion annually – is attributable to the oil, gas and petrochemical industries. As operating environments in these industries become increasingly challenging as a result of higher temperatures, higher pressures, higher corrosion and higher wear, the demand is increasing for materials that can better withstand these environments. Internal research shows that of the 225 oil and gas fields now being planned and developed across the globe, 158 are highly corrosive.
It is imperative for oil and gas producers to use corrosion-resistant clad pipes in such environments to enable more efficient and -- most importantly -- safer operations.
ABKI!!! Great time to get in while its cheap.
Look at ABKI!!!
Look at abki's chart great time to get into this one!
Abki at its low in long time great time to pick it up with more milestones about be hit.
Abki at its low in long time great time to pick it up with more milestones about be hit.
Abki best price In awhile to buy with some great milestones about to be reached.
Abki best price In awhile to buy with some great milestones about to be reached.
Abki best price I've seen in awhile to buy. What's your thoughts?
Abki best price in awhile let me know your thoughts?
Abki????
Best price I've seen in awhile to buy the stock?
Abakan Adds World-Renowned Welding Expert Damian Kotecki to Board of Advisors
What choice do I have now just sell and lose or wait and see if I can make something. Keeping my fingers crossed. Looking at ABKI now let me know your thoughts?
Some trading today looks good
Another great press release.
Website looks great. Take a look at the website and sign up for the company news letter.
Check out company info on redchip.com or yahoo finance or otcmarkets.com. Keep up with the latest developments in the company.
Some big potential here so keep your eye on it.
Keeping it's level around 2.70
The portfolio companies that Abakan has have won multiple awards in the industry for top wear and corrosion nano coatings. Check out all the awards.
Go on pink sheets to get all the updated info. It's a lot more up to date then yahoo finance.
Anyone know the deal ABKI?
What updates do you need maybe I can help you get that info