Press Releases

Abakan adds Stephen Goss to its Board of Directors

January 23, 2012

MIAMI, FLORIDA -- Abakan Inc. (OTCQB "ABKI") ("Abakan") is pleased to welcome Stephen Goss to its Board of Directors. Mr. Goss brings independent oversight and a deep scientific and entrepreneurial background to Abakan with over three decades of senior management and consultancy experience. Mr. Goss’ appointment fills the position vacated by James Chew.

"Stephen’s operational experience and expertise in markets in which we hope to expand our presence, such as Brazil, will serve as a great asset to the firm," said Abakan CEO Robert Miller. "I do thank James Chew for his efforts, and wish him the best."

Mr. Goss has served as a director of Gemocasha, SA, a specialist consultancy group with emphasis on giving technical, marketing and cash management advice to major firms such as Kraft, Heinz, Crystallex, and BP from 1987 to present. He served as the chief executive officer of Crystallex de Venezuela, a mining firm from 1992 to 1998 and Schindler Elevator from 1982 to 1987 in Venezuela, a role in which he successfully integrated multiple acquisitions. He also served as the Technical Maintenance and Installation Manager for Schindler Brazil between 1979 and 1982 in which position he managed over 2,000 people and turned it into one of the most efficient operations within Schindler worldwide. Stephen Goss speaks 5 languages fluently and has been decorated with the Order of the British Empire for his role in enhancing international trade.

"I am very excited for the opportunity to participate in and help shape Abakan’s success," Goss said. "Abakan’s management team and products hold great potential to establish market leadership within a very short time."

About Abakan Inc.
Abakan Inc. invests in companies that have developed transformational technologies on the cusp of commercial applications. Abakan is the largest shareholder in Powdermet and MesoCoat, each of which is a nanotechnology material science company involved in technology development. Powdermet is focused on metal formulations as well as advanced energy management solutions while MesoCoat is focused on the development of advanced coating solutions. Powdermet has won over 80 government sponsored Phase 1, 2 and 3 grant programs since 1996 and MesoCoat is the recipient of three prestigious R&D; 100 awards, a Technology Innovation Program Award (TIP) for 100 year life coatings by the National Institute of Standards and Technology (NIST), and the NorTech Innovation Award for high performance environmentally friendly coating materials.

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 and Form 10-Q. Abakan’s public filings may be viewed at

Abakan Inc.
Robert Miller, Chief Executive Officer
Phone: +1-786-206-5368
Email: [email protected]

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