Press Releases
Abakan Inc. Appoints Mr. Hermann Buschor to the Board of Directors
May 03, 2010
Abakan Inc. (OTCBB: ABKI) ("Abakan") is pleased to announce the appointment of Mr. Hermann Buschor to the Company’s Board of Directors.
"Mr. Buschor has a distinguished reputation in the Oil and Gas industry. His experience and knowledge will be invaluable as we move to formulate and execute on Abakan’s business development strategy. We could not be more pleased with his appointment." said Robert Miller CEO of Abakan, Inc.
Abakan firmly believes that Mr. Buschor’s expertise will add considerable depth to its management capability and be a significant catalyst to its efforts to realize increased value for its investment in MesoCoat, Inc. (Abakan currently holds a 34% ownership interest in MesoCoat with the right to go to 75%). His considerable experience and technical knowledge are expected to increase Abakan’s stature and profile with its target clients in the Oil and Gas industry.
Hermann Buschor
Mr. Buschor has over 35 years of international business development experience in the steel pipe industry. For the past 10 years, he has focused on offshore coating applications. Experienced in the global marketplace, his career has taken him around the world. Mr. Buschor has worked with the worlds leading Oil and Gas companies in Russia, Indonesia, Malaysia, Europe, Africa, South America, and throughout United States and Canada.
About Abakan Inc.
Abakan is an advanced surface modification systems and technologies provider that is forming a vertically integrated wear and corrosion coating prevention business. Abakan is the largest shareholder in MesoCoat, a company that has developed a coating that extends the useful life of oil pipelines and bridges from 20 to 100 years. The transformational nature of this coating has been recognized by the National Institute of Standards and Technology (NIST) with a $1.7 million award, a NorTech Innovation award and multiple R&D 100 awards. With lower cost materials and application process, and longer lasting coatings that are non-toxic, MesoCoat has made significant in-roads with marquee clients spanning Fortune 500 corporations, military organizations and other branches of the government.
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 Form 8-K. Abakan’s public filings may be viewed at www.sec.gov.
Abakan Inc.
www.abakaninc.com
Robert Miller, Chief Executive Officer
Phone: (786) 206-5368
Email: [email protected]